Trump Ethics Deal Sparks Polymarket Surge for Crypto Bill to 43 Percent
The crypto world is buzzing after fresh reports that President Trump has backed an ethics deal. This move has pushed the odds of the Clarity Act passing this year higher on Polymarket.
What Is the Clarity Act and Why It Matters
The Clarity Act aims to create the first full federal rules for digital assets in the United States. It would split oversight between the SEC and the CFTC. This change could bring clear guidelines for projects, exchanges, and investors. Many in the industry have waited years for such a framework.
Polymarket Odds Jump After Ethics Reports
Traders on Polymarket raised the chance of the bill becoming law in 2026 from 32 percent on Friday to 43 percent on Monday. The market had sat near its lowest point since January before the news broke. The quick rise shows how one key issue can shift market views fast.
A source close to the talks said a basic agreement was reached with Trump on the ethics section. This part had blocked progress for months. No full bill text is out yet, and Democrats have not reviewed it. A draft could appear soon.
The Ethics Sticking Point Explained
The main debate centers on how much officials and political figures can earn from crypto while in office. Trump’s own memecoins and his family’s role in World Liberty Financial brought extra attention to this topic. Financial filings showed millions in earnings from these activities.
Lawmakers discussed the ethics rules during a July 16 meeting. Trump met with Senators Bernie Moreno and Cynthia Lummis plus White House crypto adviser Patrick Witt. The Senate aims to vote before early August.
Market Reaction and Bigger Picture
Bitcoin moved near $66,300 after the reports, up about 3 percent in a day. Ether and XRP also gained around 4 percent. Many traders said the real driver was a rebound in AI and chip stocks, not just the bill news. Still, the ethics breakthrough added to a positive mood.
If the bill passes, it could reduce uncertainty for crypto firms and attract more big investors. Clear rules often lead to steadier growth and fewer legal fights. The next few weeks will show if the draft text keeps the momentum going.
Keep an eye on updates from the Senate and the White House. Any new details on the ethics language could move prices again.
