Patrick Witt

The Digital Asset Market Clarity Act is facing a deepening Senate fight over ethics limits aimed at senior government officials and President Donald Trump’s crypto interests. Democrats say the proposed restrictions are too weak, while the White House and Republican supporters argue the concessions are historic and should clear the way for passage.

Senate leadership signaled that the Digital Asset Market Clarity Act is unlikely to clear its key pre recess window, weakening the odds of passage in 2026. White House crypto adviser Patrick Witt pushed back, saying the first week of August may still offer room for Senate action.

Polymarket traders lifted the implied odds that the Clarity Act becomes law this year to about 43%, up from 32% on Friday. The move followed unconfirmed reports that President Trump accepted an ethics provision, while Democrats have not yet seen bill text and no text has been publicly released.

Senate negotiations over the Digital Asset Market Clarity Act are increasingly focused on whether senior U.S. officials and their families should face strict limits on crypto ownership, sponsorship and disclosures. Democrats say the bill cannot advance without ethics safeguards, while Republican supporters are pushing to keep the long-awaited market structure effort moving toward a vote.

Patrick Witt, former college football player and Harvard Law grad, steps up as President Trump’s top crypto adviser. Discover his background, role, and crypto policy priorities.