White House agrees to ethics provision in crypto bill

The White House has reportedly agreed to include an ethics provision in the proposed crypto “CLARITY Act”. The move matters because it suggests the administration is willing to support cryptocurrency legislation while addressing concerns about conflicts of interest and public trust.

The available material does not provide the wording of the provision, the bill’s wider contents or the terms of the agreement. The CLARITY Act is expected to concern the regulatory framework for digital assets, with ethics safeguards potentially affecting officials’ financial interests or involvement in cryptocurrency-related decisions.