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Why Trump Backed Tougher Ethics Rules in Clarity Act, and Why the Crypto Industry Thinks It Can Pass

Why Trump Backed Tougher Ethics Rules in Clarity Act, and Why the Crypto Industry Thinks It Can Pass

In brief

  • Senate Republicans released a revised Clarity Act Sunday—their “last, best and final offer”—ahead of Tuesday’s cloture vote, which needs 60 votes and thus at least seven Democratic crossovers.
  • Trump signed off on tougher ethics rules he’d previously resisted, including divestment or blind trusts, state AG enforcement and no sunset date; other changes touched the Blockchain Regulatory Certainty Act (dropping criminal-prosecution protections) and added stablecoin “circuit breaker” language.
  • Early industry reaction leans positive, with Galaxy’s Alex Thorn raising his 2026 passage odds from 10% to 25%, though the tight calendar remains a hurdle.

A renewed sense of optimism is sweeping through the crypto industry as it heads into…

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