Clarity Act Odds Soar as Trump Agrees to Ethics Provisions
The Clarity Act, a bill that aims to regulate the crypto market structure, has seen its odds of passing increase to 31% after President Trump agreed to updated ethics provisions. The bill's passage is crucial for comprehensive crypto legislation, and Tuesday's vote at 2:15 p.m. ET will be decisive.
The revised text of the Clarity Act adds over 114 provisions at Democratic request and puts 'decentralized-in-name-only' protocols under CFTC registration and Bank Secrecy Act rules. However, the ethics language remains untouched, which is a major sticking point for Democrats.
If the bill passes, it could have significant implications for the crypto market. Ethereum (ETH) would likely be a big winner, with revenue-generating protocols like Hyperliquid and Lighter also expected to benefit.