The reports of a potential ethics deal for the clarity act have increased betting odds of its passage, which could positively influence major cryptocurrencies like btc, eth, and xrp. however, the market's reaction is currently tempered as the news is unverified and traders are also attributing gains to other market factors like ai and semiconductor stocks.
The increased odds of the clarity act passing create a more favorable regulatory outlook for cryptocurrencies, which generally leads to a bullish sentiment in the market. major tokens have already seen gains.
The senate has a deadline in early august to vote, meaning the immediate impact of this news will likely be felt in the short term as developments unfold before the vote.
Markets Clarity odds jump to 43% on Polymarket after unverified reports Trump agreed to ethics deal Bettors moved the crypto market structure bill to a 43% chance of passing this year, up from a record low last week, though the reports remain unconfirmed and no bill text has appeared. By Shaurya Malwa Jul 21, 2026, 11:19 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Clarity Act odds jump 11 points on Polymarket after reports Trump agreed to ethics deal. (Britannica/SOPA Images) Summary Show Polymarket traders sharply increased the implied odds that the Clarity Act will become law this year after reports that President Trump accepted an ethics provision that had stalled the bill. The ethics dispute, focused on how much top officials can profit from crypto while in office amid scrutiny of Trump’s memecoins and his family’s World Liberty Financial stake, has been the final major obstacle to the bill, whose text Democrats say they have not yet seen. Major tokens including bitcoin, ether and XRP recorded gains following the Polymarket movement, though traders largely attributed the rally to strength in AI and semiconductor stocks. Polymarket traders sharply raised the odds of the Clarity Act becoming law this year after reports that President Trump reportedly agreed to the ethics provision that had stalled the bill. The market pricing whether the crypto market structure bill is signed into law in 2026 rose to about 43% on the predictons market on Monday, compared to 32% on Friday. This was its lowest level since the market started trading in January. The jump tracked a series of reports that the final sticking point in months of negotiations had been cleared. Democrats have not seen the bill text, a source familiar with the matter told CoinDesk, and no text has been publicly released. The White House and the offices of the senators involved had not commented. Ethics has been the last major obstacle to the Clarity Act, which would create the first comprehensive federal framework for digital assets and split oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The dispute has centered on the extent to which political figures and other officials can profit from crypto while in office, a question sharpened by Trump's memecoins and his family's stake in World Liberty Financial , which financial disclosures last month showed earned him millions. The provision was discussed at a July 16 meeting between Trump, Republican Senators Bernie Moreno and Cynthia Lummis, and White House crypto adviser Patrick Witt. The Senate has until early August to vote. Crypto extended its rally on Monday as the reports circulated. Bitcoin BTC $ 66,176.14 traded near $66,300, around 3% higher in the last 24 hours, with ether and XRP seeing gains of around 4%. Traders pointed to the rebound in AI and semiconductor stocks, including memory makers Samsung and SK Hynix, as the main driver rather than the legislative news, though the reported ethics breakthrough added to the risk-on tone. 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By CoinDesk Research Jul 13, 2026 CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. Why it matters : CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. View Full Report More From Markets Crypto markets rally on Clarity progress report, Asian chip-stock rebound XRP jumps 4% as traders watch 'triangle breakout' toward $1.35 Bitcoin hits one-month high above $66,000 as the chip trade turns back into a tailwind More From Bitcoin Crypto markets rally on Clarity progress report, Asian chip-stock rebound XRP jumps 4% as traders watch 'triangle breakout' toward $1.35 Live markets: Bitcoin ETFs post a fifth straight day of inflows in a first since April