[Trump Agrees to Ethics Clause, Clearing Final Obstacle for the 'Clarity Act'] According to The Block, U.S. President Trump has agreed to the ethics clause, clearing the final obstacle for the passage of the 'Clarity Act.' Industry insiders revealed that after months of negotiations, both sides have reached an agreement on the ethics clause. The clause was discussed during a meeting on July 16 between Trump, Republican senators, and the White House crypto advisors, but no consensus was reached at the time. However, Trump signed it on Monday. The text of the bill is expected to be released in the coming days, and the Senate must vote on it by the first week of August. If passed, the bill will return to the House of Representatives before being sent to Trump for final approval. The ethics clause is the final hurdle for the 'Clarity Act,' which aims to restrict the ability of high-ranking officials such as the President, Vice President, and members of Congress to profit from digital assets while in office. The core controversy revolves around Trump's Meme coin and his family company, World Liberty Financial.