Trump Weighs CLARITY Act Ethics Counterproposal Amid 60-Vote Senate Threshold

President Trump considers bipartisan ethics counterproposal to CLARITY Act as Senate negotiators finalize conflict-of-interest rules before August 7 recess, requiring 60 votes for passage.

Woofun AI reports that President Trump is evaluating a bipartisan ethics counterproposal regarding the CLARITY Act, with Senate negotiators aiming to finalize crypto conflict-of-interest provisions prior to the August 7 recess. The legislation seeks to establish a federal regulatory framework for digital assets by dividing oversight between the SEC and CFTC. Republican Senator Thom Tillis and Democratic Senator Ruben Gallego submitted a plan on July 29 allowing state attorneys general to enforce bans on federal officials issuing or sponsoring digital tokens, shifting enforcement from the Department of Justice. The House passed its version on July 17 with 294 votes in favor and 134 against, including support from over 70 Democrats. The Senate has not yet held a floor vote and requires 60 votes for passage; even with full Republican support, at least seven Democratic votes remain necessary.