Recently, negotiations among senators from both parties were said to hit a wall over the ethics provision, in which Democrats have demanded the president, vice president and members of Congress be restricted in their personal crypto ties. The disclosure from Trump that he’d made more than $1 billion from his industry involvement in 2025 added fuel to the critics.
On Tuesday, a few Democratic senators held a press conference to call for Clarity Act opposition if it doesn’t sever Trump’s “corrupt” ties to the sector. But that vocal group didn’t include Senator Ruben Gallego, a Democrat who has been at the front of the Clarity Act ethics negotiation for months. Gallego, alongside fellow Democratic Senator Angela Alsobrooks, who both voted for the bill in committee, said in May that they would not support the bill’s final passage without an ethics provision.
Industry insiders have contended that getting the ethics section nailed down would launch Clarity through the remainder of its Senate hurdles, but Trump’s willingness to allow restrictions that might affect him has remained an uncertainty.
The Senate is set to depart Washington for its lengthy summer recess after the first week of August, leaving only a few weeks to work out a final Clarity Act effort before the lawmakers scatter and begin focusing more intently on November’s midterm elections.
