White House begins reviewing CLARITY Act ethics compromise

The White House is reviewing a compromise on ethics provisions in the CLARITY Act drafted by Republican Sen. Thom Tillis and Democratic Sen. Ruben Gallego, Eleanor Terrett, host at crypto policy outlet Crypto In America, said on X. The latest compromise is said to include a role for state attorneys general, although it remains unclear what provisions were added to address White House concerns. The proposal was delivered to the White House on July 30 in the morning, and crypto industry participants told the White House yesterday that an agreement on the ethics provisions was essential for the bill to pass. The White House review is expected to determine whether a Senate vote will be pursued next week.