Trump Backs Tougher Ethics Rules in Clarity Act as GOP Makes Final Offer

The concession on ethics rules is the real story: it signals the White House is willing to trade governance provisions for Democratic votes, which reframes the Clarity Act from a partisan market-structure bill into a negotiation over institutional credibility. DeFi and stablecoin carve-outs remain the substantive fault line for the industry itself, since those are the provisions that determine compliance costs and where activity migrates. The open question is whether the ethics concession is enough to bring Democrats across, or whether it merely shifts the fight to the DeFi language.