The White House Is Coming To The Table Over The One Thing Blocking Crypto's Biggest Bill

• President Donald Trump is scheduled to meet with senators on Thursday to negotiate the unresolved ethics provision of the CLARITY Act, according to CoinDesk.
• The measure would cap senior officials' personal crypto business interests, with Trump's own $1 billion-plus in 2025 crypto income the main sticking point.
• Senator Ruben Gallego, the lead Democratic negotiator on ethics, reportedly was not invited.

President Donald Trump is reportedly scheduled to meet with U.S. senators on Thursday to discuss the most controversial remaining part of the Digital Asset Market Clarity Act (CLARITY Act) – the ethics provision – which would directly target the President’s involvement in the cryptocurrency market.

The provision is among the biggest hurdles to getting the crypto market structure bill to a floor vote in the Senate. Democrats have called for limits on the president, vice president, and members of Congress using crypto, CoinDesk reported on Wednesday. 

The president revealed earlier this month that his crypto ventures generated over $1 billion in income in 2025, a figure that has fueled Democratic opposition.

What Trump will accept could determine whether the bill moves forward. He has repeatedly urged Congress to pass the CLARITY Act, but has never publicly said whether he would sign legislation if it directly restricts his own businesses. White House spokespeople did not immediately comment on the plans for the meeting, according to the report.

Official Trump (TRUMP) is a memecoin launched by President Trump. TRUMP price was trading over $1, down over 2% in the last 24 hours. On Stocktwits, TRUMP was one of the top trending tickers at the time of writing. Retail sentiment around TRUMP remained in the ‘bullish’ zone, while chatter stayed at ‘extremely low’ levels over the past day.

Key Negotiator Reportedly Left Out

According to informed sources, Senator Ruben Gallego (D-AZ), the federal senator who led the Democratic Party's ethics negotiations for several months, was not invited to any events tied to the bill. In May of this year, he and Senator Angela Alsobrooks (D-MD), a Maryland Senator who also voted in favor of the committee's relevant motion, publicly stated that they would not support the bill without an ethics clause. 

On Tuesday, a separate group of Democratic senators, including Chris Murphy (D-CT), Chris Van Hollen (D-MD) and Jeff Merkley (D-OR), held a press conference calling for opposition to the bill unless it severs Trump's "corrupt" ties to the sector.

Clock Running Out

According to the report, the final draft of the pending Senate bill, originally scheduled to be circulated this week, may be delayed as negotiations are still ongoing. The Senate will adjourn after the first week of August, after which lawmakers will shift their focus to the November midterm elections. 

Senate Majority Leader John Thune stated that regardless of whether the bill’s text is finalized this month, the chamber will push the bill to enter the legislative review process.

Read also: Bernstein Reportedly Says Bitcoin Miners' AI Deals Look Cheap Vs. Data Center REITs – But Not All Are Equal

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