The White House has agreed to new ethics language in the Digital Asset Market Clarity Act ahead of a critical procedural Senate vote scheduled for Tuesday.
The provision bars public officials from issuing or sponsoring digital assets and can be enforced by both state attorneys general and the Department of Justice under updated language.
Senate Republicans released what they described as the final draft of the Digital Asset Market Clarity Act (H.R. 3633) late Sunday night ahead of the scheduled cloture vote.
Sens. Cynthia Lummis, John Boozman, and Tim Scott released the updated text, saying the draft incorporates 126 “substantive changes” requested by Democrats.
Republicans said the new version reflects most of the Tillis-Gallego ethics proposal, which includes giving state attorneys general a role in enforcing conflict-of-interest rules.
The U.S. President and his family have faced political scrutiny over their crypto businesses, including World Liberty Financial, the USD1 stablecoin, and the TRUMP memecoin.
Trump’s financial disclosure showed more than $1.4 billion in crypto-related income in 2025, raising conflict-of-interest questions as his administration shapes the industry’s regulatory framework.
“President Trump voluntarily agreed to unprecedented ethics restrictions, holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in U.S. history,” Lummis said in a statement.
“The administration is committed to working with Congress to see the CLARITY Act advance and has agreed to the most comprehensive and wide-ranging ethics provision in history,” a White House official said in a statement to The Hill.
The new ethics provision includes two major changes: officials, judges, and their spouses must either divest or place substantial crypto holdings into a blind trust.
State attorneys general also gain the power to bring civil suits under the updated language, a key Democratic demand that had stalled the bill’s progress.
Democrats have long pushed for restrictions on elected officials profiting from the crypto industry amid ongoing concerns about the Trump family’s various digital asset ventures.
Republicans control 53 Senate seats, meaning at least seven Democratic senators must cross over to clear the 60-vote filibuster threshold for the bill to advance.
If cloture is invoked, the newly updated text would be offered as a substitute amendment, setting up what could be a landmark vote on cryptocurrency regulation.
