Crypto news

The US presidential administration has made a fundamental concession by agreeing to a key ethical norm for the Clarity Act (H.R. 3633), a bill on the structure of the crypto market. This step removed the main obstacle that had been blocking the document from being sent for a vote in the Senate. The agreement was reached during evening consultations with Republican senators, but the text of the amendment remains behind closed doors for Democrats.

The significance of this event for the market cannot be overstated. As leading analysts, particularly from Moonrock Capital, rightly note, this is likely the largest positive catalyst in the history of the crypto industry. This is not just about bureaucratic coordination, but about creating a fundamental legal framework that will forever change the rules of the game.

The Essence of the Breakthrough: From Regulatory Warfare to Clear Rules

The main issue with the Clarity Act was the ethical amendment prohibiting government officials from receiving income from digital assets. President Trump, whose income from crypto assets in 2025, according to official reports, amounted to approximately $1.4 billion, naturally resisted strict restrictions. Democrats insisted on the most stringent wording, fearing a conflict of interest.

A compromise was found: the White House accepted a stricter formulation. A key role in this was played by the regulator's crypto advisor, Patrick Witt, who even postponed his military training to see the matter through. This demonstrates the highest priority of the bill for the administration.

The H.R. 3633 law itself will become the first comprehensive federal act for the US crypto industry. It will clearly divide the powers of the SEC and the CFTC, transferring primary control over the market to the latter. For each token, its status—commodity or security—will be determined. It is this clarity that institutional investors are waiting for. Pension and sovereign wealth funds, as experts rightly point out, cannot buy assets without a clear legal status. The adoption of the rules will open the floodgates for trillions of dollars that are currently on the sidelines.

Timeline and Political Arithmetic

Despite the breakthrough, the path to the finish line remains thorny. 60 votes are needed for passage in the Senate. Republicans currently have 53 seats, so the support of at least seven Democrats is critically important. So far, only two have declared their support.

• Majority Leader John Thune plans to hold the vote before August 7.
• If delayed, the issue will be postponed until the fall.
• After the Senate, the document will return to the House of Representatives for final approval.
• The final stage is the president's signature.

The timeframe is extremely tight, but the market is already pricing in a positive scenario. Previously, the signing of the GENIUS Act pushed the total market capitalization above $4 trillion. However, the Clarity Act, in my assessment, will have a significantly more powerful and long-term impact, as it addresses the fundamental problem of legal uncertainty.

What This Means for Investors

The US law has no direct legal effect on citizens of the Russian Federation. However, the indirect effect will be colossal for all market participants. The influx of institutional capital into the US will boost the liquidity of all assets, including BTC. Global exchanges used by Russians will begin operating under new, clearer standards for token classification. This will directly impact listings and asset availability.

My conclusion: Trump's concession is not just a political compromise, but a trigger for a new era of institutional adoption. A market that has lived for years in a regulatory fog is finally getting a map. The bull run we might see in the second half of 2026 will be based not on speculation, but on a real influx of capital from the world's largest financial institutions. BTC, as the first and most liquid asset, will be the primary beneficiary of this process.