Crypto market majors moved higher as prospects for the Clarity Act improved substantially. Bitcoin traded at $77.8k with a 1% gain, while Ethereum advanced 1% to $2,510 and Solana climbed 2% to $101.
The odds of the Clarity Act passing jumped to 31% overnight after President Trump agreed to updated ethics provisions that would restrict what he and his family could do in crypto, along with other elected officials. This issue had blocked the legislation since July.
Chuck Schumer called Senate Democrats together Sunday evening to discuss the bill ahead of Tuesday's critical vote. The Senate will vote on cloture at 2:15 p.m. ET on Tuesday, with 60 votes needed to send the bill to floor debate. Republicans hold 53 seats with at least two expected to vote no, meaning supporters likely need nine Democratic votes. As of Friday, no Democrats had publicly committed to supporting the measure, and Senator Cory Booker (D-NJ) stated the revised text still falls short.
The rewritten legislation comprises over 630 pages with more than 114 provisions added at Democratic request. A substantive change puts "decentralized-in-name-only" protocols under CFTC registration and Bank Secrecy Act rules. However, the ethics language provisions remained untouched, which was identified as the primary sticking point for Democrats.
If the bill does not pass Tuesday, comprehensive crypto legislation will not advance in 2026, with the next realistic window in 2029. Regulatory progress continues regardless: the CFTC has already directed staff to explore rules under existing authority, the SEC proposed letting blockchains serve as official stock ownership records, and the CFTC moved to dismiss CME's suit over perpetual futures.
In other market activity, Ethereum ETFs saw $216 million in inflows on Friday while Bitcoin ETFs experienced $13 million in net outflows. Among protocols, Pump led onchain revenue over the past seven days with $10.2 million and introduced Holder Rewards, a mechanism where creators can direct a percentage of fee share back to token holders.
