The White House is currently reviewing a bipartisan ethics compromise tied to the CLARITY Act, a piece of legislation aimed at reforming digital asset regulations. Although the bill has passed the Senate Banking Committee, pushing it onto the Senate floor remains a challenge since it requires a 60-vote supermajority to proceed.
The proposed compromise would grant state attorneys general enforcement authority alongside the Department of Justice, aiming to fortify the bill’s regulatory reach. This approach signals an effort to rally broader support by expanding enforcement powers, which could be key for securing votes from skeptical senators.
Despite the progress, the full text of the ethics compromise hasn’t been made public yet, leaving some uncertainty about the final terms and potential sticking points. Key figures like Senate Banking Committee Chairman Tim Scott and Majority Leader John Thune will be instrumental in deciding if and when the bill reaches the floor before the August recess.
Market sentiment reflects growing hope for the bill’s passage, with the probability of the CLARITY Act becoming law in 2026 rising to 33% from 26% within the last day. This uptick suggests traders and stakeholders believe the ethics deal could smooth the path toward a vote. Yet, the exact timing and outcome remain unpredictable as the White House review continues.
