Trump agrees to ethics language in CLARITY Act, paving way for Senate vote

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In a significant development for the legislative path of the CLARITY Act, President Trump has agreed to incorporate ethics language, a move that could facilitate the bill’s passage. This agreement addresses the conditions set by key Democratic senators, potentially unlocking a late-July vote window in the Senate before the August recess. The CLARITY Act, which aims to clarify regulatory jurisdiction over digital assets, has already passed the House and cleared the Senate Banking Committee. With Trump’s endorsement addressing the ethics provision, the bill appears closer to the full Senate vote where it requires 60 votes to proceed.

Key Takeaways

President Trump’s agreement appears to align with the Democrats’ demands, suggesting increased support for the CLARITY Act.

Market pricing implies a possible boost in confidence regarding the bill’s passage, though the percentage of a YES outcome has recently decreased.