[Trump Administration Weighs Ethics Counterproposal, Clarity Act May Advance if Ethics Compromise is Reached] BlockBeats News, August 1, according to crypto journalist Eleanor Terrett, the Trump administration is weighing a bipartisan ethics counterproposal introduced by Senator Tillis and Representative Gallego. The proposal includes granting state attorneys general the authority to sue the Department of Justice if it fails to enforce ethics laws on federal officials. The Clarity Act, a bipartisan cryptocurrency market structure bill, has already passed Senate committee review and includes compromise provisions on stablecoin yields. Its fate may depend on the White House's response to the ethics proposal this weekend, which will determine whether to proceed with a cloture vote. If an ethics compromise is reached, the Clarity Act is likely to advance, providing regulatory clarity such as Bank Secrecy Act exemptions for non-custodial developers. Otherwise, certain provisions of the GENIUS Act may be triggered, increasing uncertainty in stablecoin regulation. [Original Link]