Progress on the 'Clarity Act': Ethics Clause Stalls, Consensus Reached on Consumer Protection Clause Last Thursday, Trump met with Republican Senators Bernie Moreno, Cynthia Lummis, and White House crypto advisor Patrick Witt to discuss the ethics clause of the 'Clarity Act.' However, Trump did not sign the clause, and no agreement was reached. The clause aims to restrict high-ranking officials, including the president, from profiting from digital assets during their terms. The core controversy revolves around Trump's meme coin and his family company, World Liberty Financial. According to a report by Cointelegraph, Coinbase Vice Chair Ryan VanGrack revealed that Democrats have added consumer protection rules to the bill, including enhanced transparency, anti-fraud measures, and safeguarding customer funds. He called this a bipartisan achievement. The bill is still under review in the Senate, which must vote on it by the first week of August.