Trump fails to break CLARITY Act deadlock as text remains withheld

Journalist Eleanor Terrett reported that the draft remained hidden following Thursday’s White House session, where leadership and senators debated ethics rules tied to the bill. Although Republican lawmakers, including Senator Bernie Moreno, previously suggested the document would emerge shortly after a presidential briefing, the legislative language remains under wraps. Moreno continues to push for a Senate vote before the August recess, while Senator Cynthia Lummis argues the bill provides necessary tools for law enforcement to freeze illicit funds.

Democratic opposition remains the primary hurdle for the bill’s progress. Senator Ruben Gallego dismissed the current Republican proposal as ineffective, specifically citing concerns over the lack of consumer protections and potential conflicts regarding the president’s business interests. According to a Democratic Senate aide, the draft discussed at the White House was neither reviewed nor endorsed by the opposition, ensuring that the measure currently lacks the bipartisan support required for Senate approval. While Senator Cory Booker maintains that active negotiations continue, the absence of a finalized text leaves the timeline for any potential vote uncertain.