The White House has reportedly reached an agreement on ethics language for the Digital Asset Market Clarity (CLARITY) Act, a US crypto market-structure bill currently awaiting a possible Senate vote. The development is framed as a potential pathway to secure support from at least some Democratic lawmakers—an outcome that could prove decisive in a chamber where passage may require broad consensus. According to a Tuesday report from Punchbowl , White House officials met with Republican Senators Cynthia Lummis and Bernie Moreno to align on the bill’s ethics provisions. Neither senator has publicly detailed the terms of the understanding, but the report suggested the outcome could also influence how US President Donald Trump’s crypto-related investments are viewed politically. Key takeaways The White House is reportedly working to finalize ethics language in the CLARITY Act after meetings with Sen. Cynthia Lummis and Sen. Bernie Moreno. Support from some Democrats would matter because ...
Bitcoin and the broader crypto complex staged a rebound on Tuesday as optimism around proposed US legislation helped lift risk sentiment, while some analysts argued that cooling momentum in AI-linked equities could redirect investor attention toward digital assets. Price action reflected that shift: Bitcoin briefly traded above $67,000, and Ether neared $1,950. Crypto-related stocks also surged, with Coinbase shares up about 12%, American Bitcoin rising roughly 14%, and Cipher Digital gaining around 17%. Key takeaways Regulatory clarity expectations in the US boosted crypto sentiment, with Treasury Secretary Scott Bessent signaling lawmakers are close to action on the CLARITY Act. Bitcoin outperformed in the same session crypto equities rallied, suggesting the move was broad rather than isolated to spot trading. Analysts cited a potential rotation away from AI-linked equities as AI trade momentum cools. The Philadelphia Semiconductor Index’s pullback may be a signal that AI inf...