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 single largest procedural obstacle to the bill, which Democrats had made a condition of the votes needed to clear the Senate's 60-vote cloture threshold. Its apparent resolution removes that overhang, though the legislation still faces a compressed calendar and no public commitments from Democratic holdouts.
The trigger was a report on July 20 from journalist Eleanor Terrett, who wrote on X that "the White House has agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans this afternoon," citing multiple industry sources. Terrett added that "it's still unclear what the details of the agreement are," and that the specific text had not been made public.
The reported deal would end a standoff that had frozen the bill for weeks. The ethics provision is designed to bar senior government officials from holding or profiting from digital assets they are responsible for regulating — a conflict-of-interest restriction that Democratic senators had named as the price of their support.
