U.S. President Donald Trump has endorsed an ethics provision in proposed cryptocurrency legislation, eliminating the final barrier to comprehensive federal rules for the digital asset industry.

The agreement followed months of discussions and was reached after a July 16 meeting involving Trump, Republican Senators Bernie Moreno and Cynthia Lummis, and White House crypto adviser Patrick Witt. Trump gave final approval on Monday.

The Clarity Act aims to establish a unified federal framework for digital assets, assigning oversight roles to the Securities and Exchange Commission and expanding authority for the Commodity Futures Trading Commission. Negotiators focused on restrictions to prevent presidents, vice presidents, members of Congress and other senior federal officials from profiting personally from cryptocurrency holdings while in office.

Trump’s involvement with memecoins and his family’s World Liberty Financial venture had been central points of contention in the talks. Recent financial disclosures indicated Trump received millions of dollars linked to the World Liberty Financial project.

Draft bill text is anticipated within days, possibly as soon as Monday night. The Senate faces a deadline to vote during the first week of August. If approved, the measure would return to the House of Representatives before heading to the president’s desk for signature.

White House crypto adviser Patrick Witt had been scheduled to depart for National Guard training this week but postponed the commitment. Deputy director Harry Jung said he would leave his post in two weeks, noting that developments over the past two years had significantly strengthened the United States’ standing in cryptocurrency policy.