Trump's Ethics Deal Boosts Clarity Act Odds to 31%

US crypto market legislation is back in the spotlight as President Trump's agreement to ethics provisions has boosted the Clarity Act's chances of passing. The bill, which aims to regulate the industry and address concerns around security, transparency, and market manipulation, was previously stalled due to disagreements over ethics rules.

The revised text, released on Thursday with 630 pages and 114 added provisions, focuses on decentralized-in-name-only protocols being registered under CFTC registration and Bank Secrecy Act rules. However, the ethics language remains untouched, a sticking point for many Democrats.

As of Friday, not a single Democrat had publicly committed to voting in favor of the bill. But with President Trump's agreement, the odds have jumped to 31%, more than doubling from its previous level.

The Senate is set to vote on cloture on Tuesday at 2:15 p.m. ET. If the bill passes, it would send comprehensive crypto legislation to the floor for debate. With only nine Democrats needed to support the bill, supporters are optimistic about its chances.