What happened
The White House is weighing an ethics counterproposal that reportedly involves state attorneys general, according to a Fox Business crypto reporter posting on X. The development sets up a crucial waiting period this weekend for supporters of the Clarity Act, a measure that would require the U.S. president to either divest crypto holdings or place them in a blind trust.
Why it matters for the market
The counterproposal comes as lawmakers and market watchers keep a close eye on how Washington handles digital asset ownership at the highest level. While details remain unclear, the involvement of state attorneys general suggests a broader legal and regulatory angle beyond the original bill.
For traders, the uncertainty around the Clarity Act and possible alternative proposals adds another layer of headline risk to crypto markets. Any signal that the White House is open to a compromise could be read as reducing the likelihood of forced asset sales, while a breakdown in talks might reignite concerns about stricter ethics rules for crypto holdings.
Intraday speculative activity could pick up as the weekend approaches, with participants monitoring social media posts from crypto-focused journalists and any official statements. Liquidity conditions may thin into the weekend, potentially amplifying price swings if news breaks.
What traders should watch
For now, the market appears to be in a wait-and-see mode, with the focus on whether a deal can be struck and what it might mean for the president's crypto holdings and broader regulatory sentiment.
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