Altcoin Daily
The Crypto Clarity Act cleared its biggest remaining political obstacle this week after the White House agreed to an ethics package and circulated revised language to Senate Republicans, according to reporter Eleanor Terrett. Treasury Secretary Scott Bessent told reporters the bill is now "at the one yard line," and prediction-market odds of passage in 2026 have surged to roughly 57%.
The Democratic demand for stronger ethics rules, driven by concerns that President Trump and his family could benefit directly from their crypto interests, had been the central blocker. Trump has reportedly accepted provisions covering conflicts of interest, expanded disclosure requirements, and stronger investor safeguards, while the new text shifts primary enforcement authority from state attorneys general to the Department of Justice, a change Senator Kevin Cramer endorsed on CNBC.
Why it matters
The Clarity Act is the market-structure half of a two-bill framework that, together with the already-passed GENIUS Act, defines how stablecoins, tokenized assets, and digital-asset intermediaries are regulated in the US. The current $340 billion in stablecoins and tokenized assets sits well below the roughly $380 billion held by Robinhood alone, leaving what Anchorage's co-founder called the infrastructure "roads" needed for banks, broker-dealers, and remittance players to build on chain over a 10- to 20-year horizon.
Market impact
The 13 working days before the August 10 to September 11 Senate recess now define the legislative window. BlackRock pulled roughly $1,700 BTC (about $120M) out of Coinbase this week after five straight buying days, a reminder that even bullish structural news does not flatten day-to-day flows. Bitcoin traded near $67,000 against major overhead resistance around $73,000, with prediction-market pricing and a third historical weekly bullish divergence keeping the longer-term bid in play.
Frequently asked questions
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What is the Crypto Clarity Act?
It is the pending US market-structure bill that, alongside the already-passed GENIUS Act, defines how stablecoins, tokenized assets, and digital-asset intermediaries are regulated. It is the second half of the two-bill framework the crypto industry has lobbied for.
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What just changed on the ethics package?
The White House agreed to an ethics package covering conflicts of interest, expanded disclosure, and stronger investor safeguards, and sent revised language to certain Senate Republicans. Enforcement authority moves from state attorneys general to the Department of Justice.
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Why was ethics the main blocker?
Democrats had demanded stronger ethics rules over concerns that President Trump and his family could benefit directly from their crypto interests. That demand had stalled the bill until the package was reportedly accepted.
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When could the Clarity Act actually pass?
Senator Kevin Cramer said the goal is to move it before the August recess. The Senate has roughly 13 working days before the August 10 to September 11 recess begins.
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What does passage mean for crypto markets?
Combined with GENIUS, it would give banks, broker-dealers, and remittance firms the 10- to 20-year regulatory horizon they say they need to build crypto infrastructure. Current stablecoin and tokenized-asset value sits near $340B versus about $380B on Robinhood alone, leaving room to expand.
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