White House has not responded to CLARITY Act ethics counterproposal; bill is off the Senate schedule days before recess. Odds stand at 27%.
Alpha Score of 37 reflects weak overall profile with weak momentum, weak value, poor quality, moderate sentiment.
The White House has not responded to a bipartisan ethics counterproposal for the CLARITY Act, leaving the bill off the Senate schedule days before the August recess. Polymarket odds of the legislation becoming law in 2026 have dropped to about 27%, down from above 80% earlier this year.
The revised proposal, sent last Thursday by Republican Senator Thom Tillis and Democratic Senator Ruben Gallego, would let state attorneys general challenge the Department of Justice if it fails to enforce ethics rules on crypto activities by federal officials. Democrats rejected an earlier White House-backed version because it left enforcement solely with the DOJ, according to journalist Eleanor Terrett.
Gallego said negotiations had made progress. Tillis noted that Democrats helped shape a stronger ethics framework. Without a response from the White House, talks are at a standstill.
Senate Majority Leader John Thune told reporters the CLARITY Act remains part of the pre-recess agenda. He said the Senate still needs to complete work on government funding, Russia sanctions, nominations, and the crypto market structure bill. He did not confirm when the legislation would reach the floor.
The Blockchain Association defended the bill after the National Sheriffs' Association raised concerns about its treatment of anti-money laundering and sanctions rules, including KYC provisions. The Association pointed to $3 billion in funding for state and local law enforcement. The NSA, which represents more than 3,000 sheriffs, argued the bill creates overly broad exemptions for DeFi protocols and said all crypto businesses should follow the same AML standards.
Coinbase CEO Brian Armstrong urged the Senate to pass the CLARITY Act, saying that 1 in 4 Americans own crypto and voters are twice as likely to support candidates who back the bill. He said the legislation would strengthen U.S. leadership in finance, innovation, and national security.
Crypto analyst Ted Pillows noted that if cloture is filed Wednesday, the earliest procedural vote could come Friday. Monday's Senate schedule lists only H.R. 6500. The White House response and the Senate's next procedural move, expected before the recess, will determine whether the bill advances or faces another delay. For more on legislative momentum, see CLARITY Act odds sink to 27% after Senate delays crypto bill.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.