JUST IN: "If we bridge the gap on ethics tonight or tomorrow, then I think we've got a shot." — Senator Thom Tillis Tillis (Republican) added that today's CLARITY Act draft might not be the final product. h/t @emrwilkins

What happened

Senator Thom Tillis said that if lawmakers fix ethical concerns about the CLARITY Act draft tonight or tomorrow, the bill could move forward, but the current draft may still change.

Confirmed

Global impact / market context

The CLARITY Act would set rules for crypto and digital‑asset businesses, affecting how they comply with the law and how investors are protected, which could change where money flows in the sector.

Analyst inference

Investors watch regulatory news because new crypto rules can change the cost of doing business and the amount of cash available for trading, influencing overall market activity.

Analyst inference

What to watch

1. A revised CLARITY Act text that closes the ethical gaps, which would give crypto firms clearer guidance on required compliance steps. Proposed
2. Comments from other senators or regulators about the timeline for final approval, indicating how soon the new rules could be applied. Proposed
3. Reactions from major crypto exchanges or service providers to the draft, showing whether they will adjust compliance programs or spending plans. Proposed

Evidence

• x.com