Trump Rejects Ethical Provisions at White House Meeting

One of the obstacles in front of the CLARITY Act, aimed at regulating the cryptocurrency market in the U.S., is the ethical provisions. Trump's meeting at the White House with Republican senators ended without an agreement. Republican Senators Cynthia Lummis and Bernie Moreno, along with White House cryptocurrency advisor Patrick Witt, attended the meeting. The purpose of the meeting was to obtain Trump's approval for ethical provisions that would limit federal officials from profiting from digital assets. However, Trump did not approve the ethical regulations presented at the meeting. A source from the sector indicated that Trump was concerned that these provisions could harm him. Democrats and Republicans are negotiating provisions that would restrict federal officials from issuing digital assets while in office. At the center of the discussions are Trump's memecoin projects and World Liberty Financial. Trump reported $1.4 billion in revenue from cryptocurrency ventures in his 2025 financial disclosure. The CLARITY Act aims to classify cryptocurrency assets as securities or commodities and establish federal regulations. However, the lack of results from the meeting has complicated the bill's progress.

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