Morning Minute: Clarity Act Odds Soar as Trump Agrees to Ethics Provisions

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action.

GM!

Today’s top news:

• Crypto majors rebound as Clarity Act odds jump; BTC at $77.7k
• Clarity Act odds jump to 31% after Trump agrees to ethics provisions
• ETH ETFs see $216M in inflows on Friday while BTC ETFs had outflows
• Pump introduced Holder Rewards as new mechanism to encourage hodling
• Stonkfun and Robinhood Chain ecos cool as volumes fall

🏛️ The Clarity Act Odds Steam Ahead of Tuesday Vote

Chuck Schumer called Senate Democrats together Sunday evening to talk about the Clarity Act, two days before the vote that decides whether crypto market structure legislation happens this year. It follows Trump meeting advisors Friday on the bill’s ethics provisions, the issue that has blocked it since July. The odds of the bill passing jumped to 31% overnight on the progress, more than doubling off the bottom.

It appears that President Trump has agreed to updated ethics provisions that would restrict what he and his family would be able to do in crypto, along with other elected officials. This was the primary sticking point for many Democrats.