President Trump advisers weigh CLARITY Act ethics rules ahead of Sept. 15 Senate vote

  • President Donald Trump met advisers over unresolved CLARITY Act ethics provisions.
  • 60 votes are required for the Senate to advance the motion to proceed.
  • Senate Democrats have withheld support over ethics rules and anti-money-laundering safeguards.

President Donald Trump met advisers on Friday, Sept. 12, to resolve ethics provisions in the CLARITY Act before a Senate cloture vote scheduled for 2:15 p.m. on Tuesday, Sept. 15. The meeting focused on rules governing conflicts of interest, including whether restrictions would cover profits and continuing interests in existing ventures linked to the Trump family, such as World Liberty Financial and the TRUMP memecoin. Senate Democrats have withheld support over those provisions and anti-money-laundering safeguards. The cloture vote requires 60 votes and would determine whether the Senate can begin formal debate, not whether the bill becomes law. The meeting’s outcome, participants and any final compromise remained undisclosed, while Patrick Witt, a crypto policy adviser to the Trump administration, expressed optimism about the bill. The CLARITY Act would establish federal digital-asset market rules, including the division between securities and commodities oversight.

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