White House reportedly reaches ethics deal tied to crypto Clarity Act
Eleanor Terrett reported that ethics language was sent to Senate Republicans, a possible step toward new text for the crypto market-structure bill.
By Dev Ramirez · Crypto Correspondent
· 3 min read
The White House has reportedly agreed to an ethics package for the CLARITY Act, a crypto market-structure bill that has been stuck in a Senate fight over conflicts of interest. For everyday crypto investors, the bill matters because clearer rules can affect which companies enter the market, how exchanges operate, and how much capital large institutions are willing to commit.
Crypto In America host Eleanor Terrett reported Monday that the White House sent the ethics language to certain Senate Republicans, citing multiple industry sources. Terrett said the details of the agreement were not yet public and that she had sought comment.
Industry participants told Terrett they were hopeful the move could allow updated bill text to be released soon. That would be a meaningful procedural step, though it would not mean the bill has passed or that enough senators have committed to support it.
Why the ethics language is the sticking point
The CLARITY Act is described by Decrypt’s Morning Minute as a landmark market-structure bill for crypto. Market structure means the basic rulebook for how a market is organized, including what firms can do and what standards they must follow.
According to the newsletter, Senate Democrats led by Sen. Elizabeth Warren have resisted backing the bill unless it prevents the president, senior officials, and their families from profiting from crypto. That demand intensified after President Trump disclosed more than $1.2 billion in cryptocurrency income, according to the newsletter.
Democrats called the legislation a “corrupt bill” at a press conference last week, according to the same account. The political math is central here: the bill needs 60 votes to advance in the Senate, and the newsletter said Democrats’ objections have been keeping at least seven needed votes out of reach.
If the White House has accepted ethics language that addresses those concerns, it could remove one of the clearest objections Democrats have raised. The contents of the package will matter, since lawmakers have not yet released the text publicly.
Markets were already firmer
The reported development landed during a green day for major crypto assets. Decrypt’s price data showed Bitcoin around $66,300 to $66,500, up roughly 3%, while Ethereum traded near $1,940, up about 3.6% to 4%. Solana was listed around $78, up about 2%.
The move came as Bitcoin exchange-traded funds, or ETFs, recorded $227 million in net inflows, according to the newsletter. Net inflows mean more money entered the funds than left them. The same report said Bitcoin ETFs had posted five straight positive sessions.
Prediction-market traders also reacted. The Polymarket contract on whether the CLARITY Act will be signed into law in 2026 rose 12% on the news to 42%, according to the newsletter, though it remained well below earlier highs near 75%. Prediction markets reflect how participants are pricing an outcome, not a confirmed probability.
The next test is whether updated text appears and whether Senate Democrats view the ethics package as enough. Until the language is public, the reported deal is a sign of progress rather than a finished agreement.
This story draws on original reporting from Decrypt.
