White House · Donald Trump · CLARITY Act · US Senate · CoinDesk
White House crypto adviser confirms Trump gave up 'historic' ethics powers in compromise
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The White House's crypto adviser, Patrick Witt, said Republicans have granted as much as 95% of requests from Democratic negotiators in the Digital Asset Market Clarity Act and he said any Senate opposition to it must be political at this stage.
Key facts
- The White House's crypto adviser, Patrick Witt, said Republicans have granted as much as 95% of requests from Democratic negotiators in the Digital Asset Market Clarity Act and he said any Senate
- On Sunday night, Senate Republicans circulated another draft of the Clarity Act, this time making some further concessions to Democrats on the key government-ethics section and other points, such
- The bill will need several Democrats to vote yes if it's going to beat the Senate's 60-vote threshold
- In a Monday appearance in Washington, Witt said President Donald Trump deserved a "big thank you" for his new willingness to further compromise on a Clarity Act government ethics provisions
Summary
President Donald Trump's crypto adviser said he and others sat down with the president on Friday to walk him through the ethics provisions, and he agreed to further concessions, while also being assured the section couldn't be "weaponized" against him. The Senate is set for a Tuesday vote that would mark the beginning of a multi-vote process seeking to pass the Clarity Act into law, but it needs at least 60 votes, meaning several Democrats would have to support it. Some Democratic lawmakers may be dragging their feet after the latest draft, according to their staffs.