Why Trump Backed Tougher Ethics Rules in Clarity Act, and Why the Crypto Industry Thinks It Can Pass

In brief

• Senate Republicans released a revised Clarity Act Sunday—their "last, best and final offer"—ahead of Tuesday's cloture vote, which needs 60 votes and thus at least seven Democratic crossovers.
• Trump signed off on tougher ethics rules he'd previously resisted, including divestment or blind trusts, state AG enforcement and no sunset date; other changes touched the Blockchain Regulatory Certainty Act (dropping criminal-prosecution protections) and added stablecoin "circuit breaker" language.
• Early industry reaction leans positive, with Galaxy's Alex Thorn raising his 2026 passage odds from 10% to 25%, though the tight calendar remains a hurdle.

A renewed sense of optimism is sweeping through the crypto industry as it heads into one of its most consequential policy weeks on record.

On Sunday night, Senate Republicans released a new version of the Clarity Act featuring changes to several key provisions in a final attempt to shore up Democratic support ahead of Tuesday’s procedural vote on whether to advance the bill. Invoking cloture on the motion to proceed will require 60 senators to vote yes, meaning Republicans will need at least seven Democrats to cross the aisle, and potentially nine or ten depending on Republican defections.