Morning Minute: Clarity Act Odds Soar as Trump Agrees to Ethics Provisions

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🏛️ The Clarity Act Odds Steam Ahead of Tuesday Vote

Chuck Schumer called Senate Democrats together Sunday evening to talk about the Clarity Act, two days before the vote that decides whether crypto market structure legislation happens this year. It follows Trump meeting advisors Friday on the bill’s ethics provisions, the issue that has blocked it since July. The odds of the bill passing jumped to 31% overnight on the progress, more than doubling off the bottom.

It appears that President Trump has agreed to updated ethics provisions that would restrict what he and his family would be able to do in crypto, along with other elected officials. This was the primary sticking point for many Democrats.

Looking ahead, Tuesday at 2:15 p.m. ET the Senate votes on cloture. Sixty votes sends the bill to floor debate. Anything less kills comprehensive crypto legislation for 2026, with the next realistic window in 2029. Republicans hold 53 seats and at least two are expected to vote no, so supporters likely need nine Democrats. As of Friday not one had publicly committed, and Sen. Cory Booker (D-NJ) had just said the revised text still falls short.

The rewrite landed Thursday with six hundred and thirty pages, more than 114 provisions added at Democratic request. The substantive change puts “decentralized-in-name-only” protocols under CFTC registration and Bank Secrecy Act rules. The ethics language went untouched, which is precisely the problem.