The White House is preparing a high-level meeting with United States senators to try to resolve the main deadlock of the Clarity Act, a bill that seeks to create a regulatory framework for the cryptocurrency market in the country. The meeting, scheduled for Thursday, takes place at a decisive moment, since the proposal is entering the final weeks in which it still has a good chance of being voted on by the Senate in 2026.
The focus of the negotiations is on the ethics section of the legislation. This passage remains without consensus because Democratic lawmakers are defending rules that limit the participation of high-ranking government authorities in businesses linked to cryptocurrencies, including the current US president, Donald Trump, the vice president, and members of Congress.
According to people familiar with the talks, White House members, possibly including chief of staff Susie Wiles, will participate in the meeting to seek an agreement. Although a near-final version of the Clarity Act was expected for this week, the text may undergo further adjustments as negotiations continue.
The ethics clause gained even more importance after the release of information indicating that Donald Trump may have obtained more than US$ 1 billion in gains related to the cryptocurrency sector during 2025. The case increased pressure from Democratic lawmakers to establish stricter rules on possible conflicts of interest involving public authorities.
On Tuesday, a group of Democratic senators held a press conference to call for opposition to the bill if it does not break Trump’s “corrupt” ties with the sector. Despite the mobilization, one of the proposal’s main negotiators, Senator Ruben Gallego, did not participate in the event.
Gallego, alongside Senator Angela Alsobrooks, had previously stated that he will not support the final approval of the Clarity Act without an ethics clause considered sufficient. Both voted in favor of the bill during its committee stage, but conditioned their definitive support on the inclusion of these changes.
In the assessment of industry experts, an understanding on the ethics section could eliminate the main obstacle to the proposal’s approval in the Senate. Even so, uncertainty remains over the extent to which the government will accept restrictions that could affect members of the administration itself.
Time is also putting pressure on negotiators. The Senate is expected to enter its summer recess after the first week of August, reducing the available window to finalize the text before lawmakers begin to concentrate efforts on the midterm elections.
Even without a final wording, Senate Majority Leader John Thune said he intends to move the Clarity Act forward later this month, signaling that cryptocurrency regulation remains among the priorities of the United States legislative agenda.