Witt Defends Trump Crypto Ethics Terms After Clarity Act Senate Setback

White House crypto adviser Patrick Witt defended President Donald Trump’s handling of ethics rules tied to the Clarity Act after the legislation failed to advance in the Senate.

Witt said Trump accepted significant restrictions on his crypto interests during negotiations, including provisions that could require him to divest certain holdings or place them in a blind trust. The Senate voted 49-50 on Sept. 15 against advancing the bill.

Ethics Fight Complicates Clarity Act

Witt said Trump’s crypto holdings became a central issue in negotiations, adding that Democrats focused heavily on the president’s financial interests while lawmakers worked on the legislation.

Related: SEC’s Uyeda Says Dropping Crypto Cases Helps Protect Agency Credibility

The ethics dispute was one of several issues surrounding the bill. Banking groups also raised concerns about stableco…

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