Senators Thom Tillis and Ruben Gallego have transmitted a revised bipartisan ethics compromise to the White House in an attempt to break the CLARITY Act's legislative logjam. The ethics provisions, which concern crypto holdings by elected officials, have been the principal sticking point preventing Trump's endorsement, and this submission represents a direct attempt to secure presidential buy-in ahead of a Senate floor vote.
For Armada's crypto desk, passage of CLARITY would establish the first comprehensive federal stablecoin framework, directly affecting which stablecoin and tokenized asset instruments qualify as acceptable collateral under a legally defined regime. Armada should not lock in collateral policy language referencing CLARITY definitions until the White House confirms acceptance or rejection of this latest compromise.