President Donald Trump's top digital assets adviser told a Washington audience that the president surrendered significant executive authority as part of a compromise to advance the Clarity Act, the sweeping crypto market structure legislation working its way through Congress.
Adviser Highlights Ethics Concession
Speaking at an event in the nation's capital, the White House crypto adviser characterized the concession as a notable step, framing Trump's willingness to relinquish what he described as "historic" ethics powers as central to breaking a legislative logjam. The remarks came just one day after negotiators unveiled fresh compromise language for the bill.
The adviser's comments underscore how contentious debates over ethics and executive influence have shaped the path of crypto regulation on Capitol Hill. Concerns about conflicts of interest have shadowed the administration's involvement in digital assets, and the compromise appears aimed at defusing some of that criticism.
Trump gave up historic powers to move the industry's landmark legislation forward, his adviser said.
The Clarity Act Compromise
The Clarity Act is designed to establish a comprehensive framework governing digital asset markets in the United States, clarifying the roles of federal regulators and setting rules for how tokens are classified and overseen. Lawmakers have wrestled for months over the details, with the newly released language representing the latest attempt to bridge divides.
Supporters argue that clear market structure rules are essential for the industry's long-term growth and for providing certainty to businesses and investors operating in a still-evolving regulatory environment. Critics have pushed for stronger guardrails, particularly around potential conflicts tied to the administration.
The timing of the adviser's remarks — one day after the compromise text emerged — signals an effort by the White House to build momentum for the measure and demonstrate goodwill toward skeptics.
- The Clarity Act aims to set market structure rules for U.S. digital assets.
- New compromise language was released ahead of the Washington event.
- The adviser framed Trump's concession as a break in the legislative stalemate.
Whether the compromise proves sufficient to secure broad support remains to be seen, but the administration's public messaging suggests it views the bill as a priority for the crypto sector heading into the next phase of debate.