President Trump Reviews Bipartisan Ethics Proposal as Senate Prepares for Key CLARITY Act Vote

Trump reviews bipartisan ethics proposal that could shape CLARITY Act vote. State attorney general enforcement emerges as a central negotiation point. Stablecoin yield rules and BRCA protections remain unresolved issues. President Donald Trump is reviewing a bipartisan ethics proposal that could determine whether the Clarity Act advances in the Senate next week. According to Crypto In America, the White House received the counterproposal on Thursday morning after weeks of negotiations involving Senator Thom Tillis, Senator Ruben Gallego and other lawmakers. The proposal adds an enforcement role for state attorneys general, a key issue for several Democrats before a possible cloture vote. Ethics Proposal Becomes Central Issue According to Crypto In America, the latest proposal followed weeks of negotiations between Republican Senator Thom Tillis and Democratic Senator Ruben Gallego. Both lawmakers sought a stronger ethics package than the version previously negotiated between the White House and two Senate Republicans. The revised proposal would allow state attorneys general to sue the Department of Justice if it fails to enforce ethics laws against federal officials. Supporters modeled the provision after the Laken Riley Act, which became law in 2025 and created similar enforcement authority in immigration cases. However, it remains unclear whether negotiators added further safeguards to address White House concerns about the scope of state attorney general authority. Meanwhile, industry leaders and lobbyists contacted White House officials throughout the week, urging an agreement before senators leave Washington on Thursday. BRCA And Banking Debate Continues While ethics dominates negotiations, additional issues remain unresolved. According to a Democratic strategist quoted by Crypto In America, Democratic support also depends on the Blockchain Regulatory Certainty Act and concerns surrounding the agriculture section. Earlier this week, the White House and the Treasury Department rejected a proposal backed by Senator Catherine Cortez Masto and two prosecutors' groups. The proposal would have removed language requiring prosecutors to prove software developers intended to facilitate money laundering before criminal liability could apply. Treasury Secretary Scott Bessent later defended the BRCA on X, stating it reflects longstanding Treasury policy for non-custodial developers. Additionally, the Major Cities Chiefs Association joined several law enforcement organizations supporting the measure, while the National Sheriffs' Association requested either its removal or narrower language. Stablecoin Rules Face Additional Scrutiny Attention has also shifted toward the Clarity Act's stablecoin provisions. Senators Mike Rounds, James Lankford and Jerry Moran have raised concerns that current yield rules may not sufficiently prevent bank deposit outflows. Some industry lobbyists expect further discussions around Section 404, known as the Tillis-Alsobrooks stablecoin yield compromise. State banking officials also warned Senate leadership that interest-like rewards could reduce local funding available for lending. Meanwhile, Grayscale Investments urged the Senate to hold a floor vote before the August recess. The company said lawmakers had spent months addressing jurisdiction, investor protections and developer safeguards through bipartisan negotiations. The post President Trump Reviews Bipartisan Ethics Proposal as Senate Prepares for Key CLARITY Act Vote appears on Crypto Front News. Visit our website to
Trump reviews bipartisan ethics proposal that could shape CLARITY Act vote. State attorney general enforcement emerges as a central negotiation point. Stablecoin yield rules and BRCA protections remain unresolved issues. President Donald Trump is reviewing a bipartisan ethics proposal that could determine whether the Clarity Act advances in the Senate next week. According to Crypto In America, the White House received the counterproposal on Thursday morning after weeks of negotiations involving Senator Thom Tillis, Senator Ruben Gallego and other lawmakers. The proposal adds an enforcement role for state attorneys general, a key issue for several Democrats before a possible cloture vote. Ethics Proposal Becomes Central Issue According to Crypto In America, the latest proposal followed weeks of negotiations between Republican Senator Thom Tillis and Democratic Senator Ruben Gallego. Both lawmakers sought a stronger ethics package than the version previously negotiated between the White House and two Senate Republicans. The revised proposal would allow state attorneys general to sue the Department of Justice if it fails to enforce ethics laws against federal officials. Supporters modeled the provision after the Laken Riley Act, which became law in 2025 and created similar enforcement authority in immigration cases. However, it remains unclear whether negotiators added further safeguards to address White House concerns about the scope of state attorney general authority. Meanwhile, industry leaders and lobbyists contacted White House officials throughout the week, urging an agreement before senators leave Washington on Thursday. BRCA And Banking Debate Continues While ethics dominates negotiations, additional issues remain unresolved. According to a Democratic strategist quoted by Crypto In America, Democratic support also depends on the Blockchain Regulatory Certainty Act and concerns surrounding the agriculture section. Earlier this week, the White House and the Treasury Department rejected a proposal backed by Senator Catherine Cortez Masto and two prosecutors' groups. The proposal would have removed language requiring prosecutors to prove software developers intended to facilitate money laundering before criminal liability could apply. Treasury Secretary Scott Bessent later defended the BRCA on X, stating it reflects longstanding Treasury policy for non-custodial developers. Additionally, the Major Cities Chiefs Association joined several law enforcement organizations supporting the measure, while the National Sheriffs' Association requested either its removal or narrower language. Stablecoin Rules Face Additional Scrutiny Attention has also shifted toward the Clarity Act's stablecoin provisions. Senators Mike Rounds, James Lankford and Jerry Moran have raised concerns that current yield rules may not sufficiently prevent bank deposit outflows. Some industry lobbyists expect further discussions around Section 404, known as the Tillis-Alsobrooks stablecoin yield compromise. State banking officials also warned Senate leadership that interest-like rewards could reduce local funding available for lending. Meanwhile, Grayscale Investments urged the Senate to hold a floor vote before the August recess. The company said lawmakers had spent months addressing jurisdiction, investor protections and developer safeguards through bipartisan negotiations. The post President Trump Reviews Bipartisan Ethics Proposal as Senate Prepares for Key CLARITY Act Vote appears on Crypto Front News. Visit our website to
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The article discusses a bipartisan ethics proposal and the Clarity Act, which are not directly related to cryptocurrency markets.
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