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CLARITY Act Odds Jump to 42% After White House Ethics Deal
CLARITY Act odds rose to 42% after the White House agreed to ethics provisions, shifting enforcement to the DOJ. The Senate must schedule a floor vote before August recess.
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The White House agreed to ethics provisions in the CLARITY Act, shifting enforcement from state attorneys general to the Department of Justice. The move clears a hurdle that had stalled the bill, which aims to set federal rules for crypto markets.
The CLARITY Act has passed the House and cleared the Senate Banking Committee. It is the furthest-along legislative effort to establish a crypto regulatory framework in the U.S. The ethics language addresses White House objections tied to Donald Trump’s crypto holdings.