According to sources, senior White House officials are expected to meet with United States Senators this week to discuss the last and most difficult elements of the Digital Asset Market Clarity Bill. As the Senate had little time available this year to move the bill forward, the talks had become a key point of legislative progress.
The controversy focused on the ethics clause.
The part of the current negotiations that has been blocked is the restriction in the bill on personal encryption interests of senior government officials. The Democratic Party demanded that the President, the Vice-President and members of Parliament be restrained in their personal possession or participation in the encryption business, with a focus on the relationship between Trump and the encryption industry.
According to the report, Trump had previously disclosed that it had earned over $1 billion in revenues from related industry activities in 2025, further increasing the pressure on the Democratic Party to apply ethical provisions. Consultations between bipartisan senators around this segment have recently stalled and no acceptable compromise has yet been reached.
White House officials are ready to coordinate.
According to informed sources, the White House planned to be directly involved in this round of coordination, with potential officials including White House Chief of Staff Susie Wildes. According to the source, the text of the bill, which was close to being finalized, is expected to be circulated this week, but its publication may be delayed as negotiations continue.
The White House spokesman has not responded to the arrangements for the talks. If ethical provisions were to be compromised, there was a general consensus in the market that there would be a marked reduction in the resistance of the bill to move forward in the Senate follow-up procedure.
The Senate window is closing.
Earlier this week, some Democrat Senators convened a press conference to indicate that they would oppose the passage of the bill if it did not cut the link between the interests of the Trump and the encryption industry. However, Democratic Senator Ruben Gallego, who had long been involved in the negotiations on ethical provisions, did not attend the press conference.
Gallego and Angela Alsobrooks had both previously supported the bill in a vote before the Committee, but in May this year both indicated that they would not support its final adoption in the Senate if the final version did not include ethical provisions.
The Senate is expected to recess in the summer after the first week of August, which means that only a few weeks remain for the negotiation and voting of the bill. For his part, the Senate majority leader, John Tunn, indicated that he still plans to move the bill forward later this month, even though the final text has not yet been fully finalized.