CLARITY Act: Senate Majority Leader Sees Good Chance of Bipartisan Deal

Thune shared his positive outlook on X, noting that discussions with Democrats are ongoing to secure the necessary votes for the bill to be considered on the Senate floor. He had previously aimed to bring the CLARITY Act to the Senate floor before August, emphasizing the importance of a bipartisan consensus beforehand. The increased likelihood of such a deal follows President Trump's agreement to the ethics provisions, which had been a significant hurdle, particularly for Democrats seeking to regulate his cryptocurrency ventures.

U.S. Treasury Secretary Bessent also voiced confidence in the bill's passage, describing the progress as being at the "1-yard line" and urging its enactment before the August recess. Senator Kevin Cramer echoed this sentiment, stating that issues are being resolved, including the ethics language which grants the Justice Department enforcement authority over state Attorneys General. Data from the prediction market platform Polymarket suggests a 50% probability that President Trump will sign the CLARITY Act into law this year.