Source: Fortune.com
Summary
The Senate Republicans released a revised version of the Clarity Act, incorporating over 120 changes to address ethics concerns, including provisions targeting crypto-related conflicts of interest. The bill, if passed, would create a regulatory framework for digital assets. The revised text came just before a key procedural vote, with Republicans needing 60 votes. Prediction markets saw increased odds of the bill becoming law, with some reaching 64% before falling. The new ethics rules would bar top officials from creating or sponsoring crypto assets for profit and require them to divest holdings over $15,000. The changes were reportedly approved by Donald Trump, who reported $1.4 billion in crypto income in 2025.
Our Reading
The numbers tell one story.
Senate Republicans revised the Clarity Act with 120 changes.
They addressed ethics concerns, especially around Trump’s crypto dealings.
Prediction markets saw odds of the bill passing rise sharply.
The new rules would bar officials from profiting from crypto.
The bill now faces a 60-vote threshold before midterms.
Trump reportedly approved the ethics provisions.
His family’s crypto ventures brought in $1.4 billion in 2025.
The revised bill removes an expiration date for ethics rules.
It allows state attorneys general to enforce them.
The Clarity Act has struggled to gain full approval since passing the House.
Democrats now face pressure to support the bill.
Sen. Lummis said Democrats should take yes for an answer.
The bill’s fate hinges on a narrow window before the midterms.
Trump’s memecoin and crypto ventures remain central to the debate.
Author: Evan Null
