[Trump Agrees to Ethical Provisions in the CLARITY Act, Nearing Senate Vote] BlockBeats News, July 21: Trump has agreed to the ethical provisions in the CLARITY Act, clearing a key obstacle for the crypto legislation to proceed to a Senate vote. Industry insiders revealed that after months of negotiations, all parties have reached consensus on the relevant ethical provisions, and Trump approved the plan late Monday evening. The provisions aim to restrict the ability of the President, Vice President, members of Congress, and other federal officials to profit from digital assets during their tenure. Controversy has long centered around Trump-related meme coins and his family's involvement in World Liberty Financial. Ethical concerns were previously seen as the last major hurdle to advancing the bill. The CLARITY Act seeks to establish comprehensive federal-level regulation for the digital asset industry for the first time, while clarifying the jurisdictional authority of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, Democratic lawmakers have yet to review the latest text of the provisions. The revised bill text is expected to be released in the coming days, possibly as early as Monday evening, though delays are also possible. The Senate must complete its vote by the first week of August; if the bill passes, it will need to return to the House for review before being submitted to the President for signing. [Original Link]