The White House has reportedly finalized an ethics agreement for the Clarity Act, potentially paving the way for its passage in Congress.
Good morning!
Cryptocurrency markets are seeing a positive trend, with major coins rising by 2-3%. Bitcoin is currently valued at $66.2k, fueled by an increase in ETF investments, which have recorded $227 million in net inflows over the last five days.
In a significant development for the crypto industry, the White House has reportedly finalized an ethics agreement related to the Clarity Act, which has been a major point of contention. This agreement has been sent to select Senate Republicans, suggesting a possible breakthrough in the legislative process for this important market-structure bill.
The ethics clause has been a sticking point, especially as Senate Democrats, led by Elizabeth Warren, have withheld support unless it included measures preventing the president and senior officials from profiting from crypto. If the White House's approval of the ethics language is confirmed, it could pave the way for the bill to gain the necessary votes to pass.
🚨NEWS: I’m receiving information from multiple sources in the industry that the White House has agreed on an ethics package for the Clarity Act and has sent the language to certain Senate Republicans this afternoon.
— Eleanor Terrett (@EleanorTerrett) July 20, 2026
Despite this progress, it's important to maintain a level of caution. The Polymarket contract predicting the Clarity Act's passage in 2026 saw a 12% increase but is still below its previous highs. Analysts suggest that if the bill does pass, it could unleash significant institutional investment in the crypto market, potentially driving Bitcoin prices higher.
Market Overview
- Major cryptocurrencies have gained 2-3%; BTC is up to $66.3k, ETH is at $1,935.
- Stock futures show positive trends with DOW up 0.3% and Nasdaq up 1.2%.
- Robinhood Chain saw substantial gains, particularly with PONS surging over 100%.
The coming weeks will be crucial as Congress approaches the August recess, and the fate of the Clarity Act hangs in the balance.
