Senate Republicans published a new draft of the Clarity Act earlier Wednesday, including an ethics provision that the White House and President Donald Trump agreed to.
Senator Bernie Moreno, one of the lead Republicans on the bill, said in a post on X (formerly Twitter) earlier Wednesday that it was “the most powerful ethics language in U.S. history.”
“Don’t listen to the DC Democrat lies,” his post said.
The ethics provision has been an outstanding issue for over a year, stretching back to the Senate’s work on the stablecoin-focused Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act last year, but the issue took on a renewed focus in recent weeks after Trump shared his latest financial disclosure showing he made over $1.4 billion from his crypto ventures in 2025.
It’s unclear when the bill may hit the Senate floor, though Republican Majority Leader John Thune’s office told CoinDesk that he’s still planning on moving forward in the coming days.
The Senate leaves town after August 7 for the summer recess, and the Senate has other issues to take up as well. It will need 60 votes to advance, meaning as many as 10 Democrats may need to vote for the bill. “We have been working in good faith with our Republican colleagues for the past year and will continue doing so to get this over the finish line,” the Democratic lawmakers said.