5小时前
· CoinTelegraph
White House agrees to ethics provisions in market structure bill
The price of Bitcoin moved above $66,000 to reach a seven-week high on Tuesday as reports circulated of a deal with the White House to address ethics in the CLARITY Act.
The White House agreed to provisions in a crypto market structure bill that could ensure support from some Democratic lawmakers in the US Senate.
According to a Tuesday Punchbowl <a href="https://punchbowl.news/article/washington/budget-crunch/" rel="nofollow noopener" target="_blank">report</a>, White House officials met with Republican Senators Cynthia Lummis and Bernie Moreno to reach an agreement on ethics language in the Digital Asset Market Clarity (CLARITY) Act under consideration in the Senate.
Neither Lummis nor Moreno have publicly announced the details of the deal, which could facilitate Democratic support in what is expected to be a tight Senate vote, but the report suggested that it could affect US President Donald Trump’s crypto investments.
<em>Event contract on chances of CLARITY Act being signed into law in 2026.</em><br /><em>Source: </em><a href="https://polymarket.com/event/clarity-act-signed-into-law-in-2026" rel="nofollow noopener" target="_blank"><em>Polymarket</em></a>
The CLARITY Act, passed by the House of Representatives in July 2025 as part of Republicans’ “Crypto Week” agenda, has faced several delays in Congress due to government shutdowns, concerns from lawmakers over ethics, tokenization and stablecoin rewards and provisions for protecting developers from enforcement actions. Many lawmakers and industry advocates expect the Senate to consider the bill before the chamber breaks for August state work periods, but as of Tuesday, no vote appeared on the congressional calendar and the text of the bill had not been made public.
Last week, Trump <a href="https://cointelegraph.com/news/us-senate-session-plans-clarity-act-vote" rel="nofollow" target="_blank">urged the Senate</a> to pass CLARITY “in honor of” the late Senator Lindsey Graham, whom the president said was “a big supporter” of the bill. Many crypto industry executives and lawmakers have publicly come out in support of the bill, but it’s unclear whether the legislation will pass the 60-vote threshold in the Senate, due to many Democrats’ concerns about potential conflicts of interest with the Trump administration.
<em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/ethics-democrats-market-structure-clarity-bill-markup" rel="nofollow" target="_blank"><em><strong>Ethics remain sticking point as crypto market structure bill goes to markup</strong></em></a>
Several Senate Democrats, including Elizabeth Warren, Chris Murphy, Jeff Merkley and Chris Van Hollen <a href="https://cointelegraph.com/news/us-senators-oppose-clarity-act-vote-senate" rel="nofollow" target="_blank">said that any CLARITY bill</a> would be “worthless” without ethics provisions to address Trump’s ties to the crypto industry, including his memecoin and his family’s World Liberty Financial business. Coi