Home CLARITY Act Approval Odds Slip As Ethics Debate Intensifies

CLARITY Act Approval Odds Slip As Ethics Debate Intensifies

Share
CLARITY Act Approval Odds Slip As Ethics Debate Intensifies
News
Share

The odds of the CLARITY Act passing this year have dropped as political talks in Washington get more complicated. Polymarket now predicts much lower chances of the crypto market structure bill passing in 2026, especially after White House crypto adviser Patrick Witt started military leave and Senator Elizabeth Warren pushed again for stricter ethics rules. With a tight schedule before the Senate’s August break and more disagreements over conflict-of-interest rules, the bill’s future is even less certain.

Patrick Witt, a lead negotiator on crypto legislation for the Trump administration, has temporarily left to attend Army National Guard JAG training and is expected back later this month. In the meantime, deputy adviser Harry Jung will handle negotiations.

The administration says talks will continue, but Witt’s absence comes at a key moment as Senate Republicans try to bring the CLARITY Act to a vote before the August recess.

Senator Elizabeth Warren is increasing pressure by urging Senate leaders to add strict ethics rules to the bill. In a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, she argued the bill should ban the President, Vice President, members of Congress, senior officials, and their families from making money from crypto businesses while working on digital asset policy.

Warren’s demand comes after disclosures showed President Donald Trump earned significant income from crypto, which she says could create conflicts of interest. She warned that passing the bill without stronger safeguards might hurt public trust.

The White House says any ethics rules should apply to all government officials, not just specific offices or people.

Besides ethics rules, lawmakers are still working out issues about stablecoin yields and developer protections, which have also slowed progress.

With little time left before the Senate recess, both supporters and critics agree that the next few weeks will decide if the CLARITY Act can get enough bipartisan support to advance. The bill is still in play, but recent events have made its path to becoming law much harder.

 

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

Block Stock Jumps 8% After Q3 Earnings Beat, But $764M DOJ Settlement Looms
News

Block Stock Jumps 8% After Q3 Earnings Beat, But $764M DOJ Settlement Looms

Block stock surged in after-hours trading after the company beat analysts’ Q3 earnings estimates. Adjusted EPS reached $1.13, beating expectations of $1.03,...

Stellar Bell Upgrade Goes Live On Testnet: 3 Key Changes Ahead Of November 23 Vote
News

Stellar Bell Upgrade Goes Live On Testnet: 3 Key Changes Ahead Of November 23 Vote

Stellar activated its Protocol 30 Bell upgrade on testnet ahead of a November 23 mainnet vote. CAP-84 enables customer-specific identifiers for scalable...

France Delays 2027 Budget Vote As Crypto Exit Tax Proposals Fail
News

France Delays 2027 Budget Vote As Crypto Exit Tax Proposals Fail

France postponed its 2027 budget vote for the second time, with 758 amendments pending. Lawmakers rejected two crypto exit tax proposals targeting...

THORChain Resumes Bitcoin & Ethereum Swaps With v3.21.1 Update After Ethereum Reorg Triggers Halt
News

THORChain Resumes Bitcoin & Ethereum Swaps With v3.21.1 Update After Ethereuorg Triggers Haltm Re

THORChain resumed Bitcoin and Ethereum swaps after 101 of 111 nodes upgraded to v3.21.1; trading is live on 10 of 13 external...

Related Articles

Best Crypto Trading Bots In 2026

Running a crypto trading strategy manually can be challenging when markets are...

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...