Senate Majority Leader John Thune has expressed optimism that they can reach a bipartisan deal to pass the CLARITY Act. This follows an agreement to include an ethics provision in the crypto bill, which aims to curb the involvement of elected officials in crypto.
Senator Thune Expresses Optimism About CLARITY Act Deal
In an X post, the Majority Leader said that there is a good chance that they can reach a deal but warned that this could still change. He noted that they were currently working with Democrats to get to a place where Democrats can help deliver the votes they need to get the bill on the floor, but that he is optimistic about it.
Senator Thune had before now said that he hopes to get the CLARITY Act on the Senate floor before August but signaled that he wanted to get a bipartisan deal before he schedules floor time. Meanwhile, it is worth noting that the chances of a bipartisan deal have increased following an ethics agreement.
As CoinGape reported, President Trump agreed to ethics provisions in the crypto bill, paving the way for a deal with Democrats. The ethics issue had been a major obstacle as Democrats had been clamouring for an ethics provision in the bill to rein in Trump’s crypto ventures.
Bessent Also Expresses Optimism About Bill’s Passage
U.S. Treasury Secretary also expressed optimism about the CLARITY Act’s potential passage, stating that lawmakers were at the “1-yard line” on the crypto bill. He also urged them to pass the bill before leaving for the August recess.
Senator Kevin Cramer also said that the crypto bill is getting clearer as each issue is dealt with. He added that there has been an agreement on the ethics language, which gives the Justice Department power to be the enforcer rather than different state Attorney Generals. “I think we’re almost there,” he said.
The odds of the CLARITY Act passing this year have surged following the ethics agreement. Data from the top crypto prediction market platform Polymarket shows a 50% chance that President Trump will sign the bill into law this year.
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