The US President has agreed to include additional ethical restrictions in the CLARITY Act bill. According to reports from relevant publications, the administration has already agreed on an appropriate package of regulations and sent the text of the document to a number of senators. Earlier, representatives of the opposition party took the initiative to ban high-ranking officials and their families from profiting from the crypto industry. The discussion of these ethical standards took place at a recent meeting of the head of state with representatives of the ruling party. Key digital asset advisors and heads of hardware structures also took part in the negotiations.

Against the background of these legislative discussions, calls for maximum financial transparency have intensified in society. The leading senators called on the head of state to voluntarily disclose information on income related to digital assets for the current period. According to the official declaration for the past year, projects in the field of cryptocurrencies have brought significant revenues to the family budget. However, the administration categorically rejects any suggestion of a conflict of interest. Proponents of strict regulation insist that public figures must demonstrate the highest standards of ethics before the mandatory reporting deadlines.

The CLARITY Act bill itself is designed to clearly delineate the powers between the Securities and Exchange Commission and the Futures Trading Commission. The document has already received support in the lower house of Congress and the relevant banking committee of the Senate. The new version with the proposed ethical amendments has not yet been published for public access. Lawmakers need to complete all the conciliation procedures before the start of the traditional summer break in the Senate. At the same time, financial associations are asking for additional clarification of the provisions on the profitability of stablecoins in order to eliminate ambiguity in the interpretation of payments.