White House Pushes Senate Democrats on Trump's Crypto Ethics Deal — Here's What's Actually at Stake

WHY IT MATTERS

Think of the crypto industry right now like a business trying to operate without knowing which set of rules applies to it — imagine opening a restaurant but not knowing whether the health department or the fire department is in charge of inspecting you. The Clarity Act would solve this by clearly defining which government agency oversees different types of crypto assets. The 'ethics deal' is essentially the White House offering transparency guarantees to get enough votes to pass the law. If it passes, it could make it much easier and safer for everyday people and big companies to use and invest in crypto in the U.S.