Trump reportedly urges Congress to pass CLARITY Act by September 15 as crypto income draws scrutiny

  • President Donald Trump is reportedly urging Congress to pass the CLARITY Act by September 15.
  • 14.5% is the current market-implied probability of enactment by January 1, 2027.
  • Congressional debate over ethics language has delayed progress on the legislation.

President Donald Trump is reportedly urging Congress to approve the Digital Asset Market Clarity Act, or CLARITY Act, by September 15. The bill would create a federal framework for classifying digital assets and address regulatory uncertainty surrounding enforcement by the SEC (U.S. securities regulator). Financial disclosures indicate that Trump earned more than $1.4 billion from crypto-related activities last year, prompting scrutiny over potential conflicts of interest as the legislation advances. The bill’s progress has been slowed by disputes over ethics language, although Trump’s involvement appears to have increased momentum behind the proposal. Market pricing currently assigns a moderate 14.5% probability that the CLARITY Act will be signed into law by January 1, 2027. Investors are watching Trump’s public comments, White House announcements, potential votes in the Senate Banking Committee, endorsements from figures including Treasury Secretary Scott Bessent, and changes in prediction-market pricing as the September 15 procedural vote approaches. Vera is offering live prediction-market analysis and invites users to sign up for its service.

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