White House reviews CLARITY Act ethics compromise, Senate vote uncertain

https://www.lonelyplanet.com/usa/washington-dc/white-house-area-foggy-bottom/attractions/white-house/a/poi-sig/385365/1329648 A bipartisan ethics compromise on the CLARITY Act is currently under review by the White House, with a potential Senate floor vote before the August recess still uncertain. The legislation, which seeks to reform digital asset market structures, has cleared the Senate Banking Committee but requires 60 votes on the Senate floor to advance. The proposed ethics compromise includes giving state attorneys general enforcement power alongside the Department of Justice, a move intended to strengthen the bill’s enforcement provisions. The market reaction suggests increased optimism about the bill’s prospects, with the YES probability for the Clarity Act being signed into law in 2026 rising to 33% from 26% over the past 24 hours. This increase reflects market participants’ view that the ethics compromise could facilitate progress towards a Senate vote. However, the legislative text has not been publicly released, leaving the exact details and potential hurdles of the compromise unclear. The CLARITY Act’s status is being closely watched, as its passage would mark a sign...