Bitcoin Reclaims $78,000 as Lummis Backs CLARITY Act Ethics Changes Ahead of Senate Vote

  • Bitcoin reclaimed $78,000 ahead of Tuesday’s Senate CLARITY Act vote.
  • Kalshi odds of legislation becoming law before April 1, 2027, reached 64%.
  • Lummis said the revised text includes more than 120 Democratic-requested changes.

Bitcoin reclaimed $78,000 for the first time in three days as Sen. Cynthia Lummis praised President Donald Trump for accepting additional ethics restrictions ahead of Tuesday’s Senate vote on the CLARITY Act. Lummis said the latest text gives state attorneys general direct authority to enforce ethics rules for federal officials and pursue digital asset exchanges and issuers under consumer protection laws. The bill incorporates substantially all of the Tillis-Gallego framework and more than 120 changes sought by Democrats, including restrictions on affiliate trading, stronger exchange conflict-of-interest rules and Treasury circuit-breaker authority. Senate committee leaders said the measure followed more than a year of negotiations and would strengthen law-enforcement powers. Kalshi odds of crypto market-structure legislation becoming law before April 1, 2027, rose 21 basis points to 64%. Bitcoin had previously rebounded past $78,900 amid CLARITY Act deliberations, while more than $223 million in leveraged crypto positions were liquidated over 24 hours.

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