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.
20 Articles
20 Articles
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 markets rally as Trump reportedly agrees to Clarity Act ethics provision - CryptoGazette
Bitcoin surged above $66,000 as Trump reportedly agreed to a key Clarity Act ethics provision. Derivatives data shows rising open interest and call-heavy opti The post Crypto markets rally as Trump reportedly agrees to Clarity Act ethics provision appeared first on CryptoGazette.
The likelihood that the Clarity Act, one of the most relevant legislative projects for the digital asset industry in the United States, will be approved this year showed a sharp increase in Polymarket after unconfirmed reports emerged that suggest that President Donald Trump would have accepted an ethical provision that kept negotiations blocked.The movement reflected renewed optimism among the participants in the prediction market, although the…
Clarity Act approval odds rose to 43% in Polymarket after unconfirmed reports of a supposed ethical agreement by Donald Trump. However, Democrats have not yet seen the text of the bill and the Senate faces a key deadline at the beginning of August. *** Polymarket raised the likelihood of Clarity Act becoming law from 32% to 43% during 2026. Trump’s so-called ethical agreement seeks to unravel the main obstacle to the project, although there is n…
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