Crypto Bill Gains Ground After Trump Ethics Deal Rumor

The Clarity Act, a bill that would establish the first nationwide rules for digital money, is attracting increased attention on the trading platform Polymarket.

• Odds Rise:
  On Monday, bettors who expect the bill to become law this year saw their odds climb from 32 % on Friday to about 43 %.

• Trump’s Involvement:
  The surge follows reports that President Trump has agreed to a key component of the bill that had stalled for months.
  The remaining hurdle is an ethics clause limiting how much politicians and public officials can profit from cryptocurrency while in office—particularly sensitive given Trump’s family stakes in crypto‑related companies.

• Key Meeting:
  The ethics discussion occurred on July 16 during a meeting with Trump, Senators Bernie Moreno and Cynthia Lummis, and White House crypto adviser Patrick Witt.

• Upcoming Senate Vote:
  The Senate must vote before early August, but no official statement has been issued yet.

Crypto Market Response

While political developments unfolded, the crypto market rallied:

• Bitcoin surged to about $66,300, up roughly 3 % in the last day.
• Ether and XRP both gained around 4 %.

Traders attributed the rally mainly to strong performance in artificial‑intelligence stocks and chip makers such as Samsung and SK Hynix, but the ethics breakthrough added a positive tone.

Potential Impact

If passed, the bill would create a joint regulatory framework where the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) share responsibility for digital assets. This outcome could shape the future of crypto trading in the United States and beyond.