Several US senators will meet President Donald Trump at the White House on Thursday to discuss the CLARITY Act as lawmakers race to secure an agreement on the crypto market structure bill before the August recess.
Senator Bernie Moreno told Politico that the group would update Trump on the legislation and its “path to success” following months of negotiations in the Senate.
“We’ll be talking about the entirety of the bill,” Moreno said. “Obviously the president’s been very engaged in this bill.”
One of the remaining disputes centers on an ethics provision addressing Trump’s business interests in the crypto industry. Senate Democrats have made the measure a condition for supporting the bill, which will need Democratic votes to clear the chamber’s 60 vote threshold.
A revised version of the CLARITY Act could combine proposals developed by the Senate Banking and Agriculture committees. Ethics language remained among the major unresolved issues heading into this week’s negotiations.
