White House Backs New Crypto Ethics Rules to Advance CLARITY Act

Senate Republicans have introduced a revised 635-page version of the CLARITY Act ahead of a September 15 procedural vote. The updated bill incorporates ethics rules supported by President Donald Trump, requiring public officials to divest or place digital assets in blind trusts. It also clarifies regulatory roles for the Commodity Futures Trading Commission and the Securities and Exchange Commission, adjusts protections for miners and validators, and introduces a circuit-breaker mechanism for stablecoins.