The CLARITY Act's Last Obstacle Is the President It Would Bind
Bitcoin and ether climbed as traders bet an ethics dispute blocking the Clarity Act was nearing resolution, lifting odds of a 2026 law to 43%.
- On Monday, Polymarket traders pushed the odds of the Clarity Act becoming law to 43%, up from 32% on Friday, following reports that President Donald Trump agreed to a critical ethics provision.
- At a July 16 meeting, Trump discussed the ethics provision with Republican Senators Bernie Moreno and Cynthia Lummis and White House crypto adviser Patrick Witt, addressing what was previously the last major obstacle to the bill.
- Bitcoin rallied above $66,000, gaining 3.5% in 24 hours, as traders noted "Bitcoin momentum" while reacting to the legislative breakthrough and a recovery in semiconductor stocks.
- Sources told CoinDesk that Democrats have not yet reviewed the bill's text, which aims to split oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission .
- With the Senate facing an early August deadline to vote on the legislation, analysts are now watching the $68,000 threshold for further market signals on the digital asset framework.
26 Articles
26 Articles
Senate nears bipartisan CLARITY Act deal after ethics breakthrough
Senate negotiations over the CLARITY Act have produced new customer safeguards and an ethics agreement, raising Polymarket’s odds of enactment this year to 43% as lawmakers pursue a bipartisan floor vote. CNBC reported that Democratic senators secured additional customer protection…
The CLARITY Act's Last Obstacle Is the President It Would Bind
Trump won't commit to ethics language restraining his own crypto business while in office. With the Senate's August clock running down, that one clause now decides whether the industry gets its market-structure law, or waits until 2027. The most consequential meeting in crypto policy this year lasted an afternoon and produced no paper trail. On July 16, President Trump sat down at the White House with Republican Sens. Bernie Moreno and Cynthia L…
White House Agrees to Clarity Act Ethics Language Covering Trump, Moving the Crypto Bill Toward a Senate Vote
The White House has agreed to an ethics package for the Digital Asset Market Clarity Act and sent the language to certain Senate Republicans on Monday afternoon, according to Crypto in America’s Eleanor Terrett. The development could clear the way for long-awaited updated bill text and, with it, a Senate floor vote on what would be the first comprehensive US crypto law. The White House reached the agreement Monday with Republican Sens. Cynthia L…
Crypto Rallies as Reported Ethics Deal Revives Odds of CLARITY Act Senate Vote
Crypto prices climbed on Tuesday after reports that the White House had reached agreement on the ethics provision that had stalled the Digital Asset Market Clarity Act in the Senate, reviving the odds of a floor vote before Congress breaks for its August recess. The ethics language had been the... Read the full story at The Defiant
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