U.S. President Donald Trump is set to meet senators to discuss an ethics provision, a late-stage point of contention in the crypto market structure bill known as the Clarity bill.

On July 15, foreign media including blockchain outlet Bitcoin Magazine and Politico reported the meeting aims to break a deadlock over a provision limiting conflicts of interest for senior public officials, which has emerged as a precondition for securing Democratic support.

The central issue is whether to restrict senior government officials, including the president, from holding personal business interests in the crypto industry. Democrats have maintained that without this provision they cannot cooperate in a final vote.

The backdrop is Trump's links to the crypto industry. Trump has urged the Senate to pass the Clarity bill, but he has not publicly said how much he would accept a conflicts-of-interest provision that could also constrain his own business.

Senator Bernie Moreno (버니 모레노), an Ohio Republican involved in the negotiations, said senators will explain to Trump a path to success for the bill. He added they will discuss the bill overall, saying, "The person who led innovation is President Trump," highlighting Trump's influence in pushing the legislation.

Some observers say the bill's direction depends on what conditions Trump will accept. After Trump disclosed that he earned more than $1 billion from crypto activity in 2025, critics have raised conflict-of-interest concerns more forcefully. Democrats say that without resolving such issues, the bill fails to separate the interests of the industry and politics.

The Senate Banking Committee previously passed the bill by 15 votes to 9. In the process, Democratic senators Ruben Gallego and Angela Alsobrooks supported moving the bill forward with Republicans. However, the two senators said in May they would not support final passage unless an ethics provision was included. During committee review, Senator Chris Van Hollen introduced an amendment to prohibit the president, vice president and members of Congress from having crypto business ties, but it was voted down 13 to 11.

Opposition within the Democratic Party is also continuing. Some Democratic senators held a news conference and argued the party should oppose the Clarity bill if it cannot sever Trump's ties to the crypto industry. They have described Trump's industry ties as corrupt.

The timing for releasing an amendment also has not been set. Senator Cynthia Lummis (신시아 루미스), a Wyoming Republican and a key figure in designing the bill, said a draft could be distributed as early as July 15. Senators are weighing whether to include the ethics provision in this amendment or to delay it until later.

Senate leadership hopes to bring the bill to the floor before the work period ends on Aug. 7. Senate Majority Leader John Thune (존 튠), a Republican, was asked whether a vote could proceed even without a deal with Democrats and said, "At some point, we will put it to a vote." The Senate will enter its summer recess after the first week of August. As a result, there is not much time to wrap up the Clarity bill before the political calendar shifts to the November midterm elections.

In this situation, whether there is a political compromise, including an ethics provision, remains the biggest variable for the bill. Galaxy Research put the odds of passage at 50-50 as time runs short. The White House meeting is expected to be a turning point that will determine the speed and scope of U.S. crypto market structure legislation.