On Friday, President Donald Trump called his advisers in to argue about one paragraph of legal text. Two days later, that paragraph has not changed. The Senate votes Tuesday, September 15.
Politico broke the story, citing two people granted anonymity. Nobody will say who was in the room or what was decided. The White House has said nothing.
“…if there’s no interest in the White House in trying to bridge the gap on the ethics language, it is going to fail,” Republican Senator Thom Tillis said recently.
The Paragraph Everyone Is Fighting Over
The CLARITY Act would finally give American crypto a rulebook. It splits oversight between two federal regulators. Wall Street wants it. So does Trump.
However, one paragraph is blocking it by stopping the president, the vice president, senior officials and their spouses from launching or promoting their own coins.
Notably, spouses are covered but children are not.
Eric Trump and Donald Trump Jr. run World Liberty Financial, the family crypto firm whose USD1 stablecoin won a bank charter in August.
A Senate Banking minority summary lists what else survives:
- Licensing deals
- Blind trusts
- Paid appearances at crypto events
Trump declared roughly $1.4 billion in crypto income for 2025.
What Tuesday Actually Decides
Tuesday is cloture, not passage, meaning the vote that only lets senators start debating. It needs 60, and Republicans hold 53. That means seven Democrats must cross the aisle. For months, they have said they will not, unless the children are covered too.
As of September 8, Polymarket traders put the odds near 16%, but following Friday’s meeting, the chances have climbed higher to 23% as of this writing.
“Bad day to be a Clarity Act doomer,” remarked Patrick Witt after the Friday meeting.
Patrick Witt is Trump’s crypto policy adviser. He did not say what had changed. Neither has anyone else, yet only one working day, Monday, is left.
The post Trump Conducts Secret CLARITY Act Meeting. What Did He Discuss? appeared first on BeInCrypto.
