Key facts
- Odds of the Clarity Act passing Congress fell to 18% after Democrats pushed back on ethics provisions.
- Senator Mark Warner stated that the new ethics language for the Clarity Act is not close to being agreed upon.
- Senator Adam Schiff said the Clarity Act's provisions do not go far enough and may not apply to the Trump family.
- Senate Democrats scheduled a meeting to coordinate a counterproposal to the Republican text.
- The Clarity Act needs 60 votes for cloture, with Republicans holding 53 seats.
- Bitcoin ETFs saw $13 million in net outflows on Monday.
The Clarity Act's chances of passing Congress have significantly diminished, with odds falling to 18% as Senate Democrats express dissatisfaction with revised ethics provisions. Senator Mark Warner indicated that the new language is not yet sufficient, while Senator Adam Schiff argued it doesn't go far enough and may not apply to the Trump family. Senate Democrats have scheduled a meeting to coordinate a counterproposal to the Republican text. The bill requires 60 votes for cloture, and Senator Lummis voiced frustration, suggesting Democratic opposition is unwavering. Meanwhile, Bitcoin ETFs experienced $13 million in net outflows on Monday, while Ethereum ETFs saw $216 million in inflows.