Anthony Scaramucci Predicts Trump Will Back Bipartisan Ethics Deal as CLARITY Act Odds Hit New Low

Boluwatife Adeyemi
Boluwatife Adeyemi

Boluwatife Adeyemi

Managing Editor (News)
Expertise : Crypto, Stocks, Tokenization, AI, Prediction Markets, Crypto Regulation
Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
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an image to represent Scaramucci's prediction on the CLARITY Act

Highlights

  • Anthony Scaramucci said that Trump will likely sign off on the ethics deal.
  • He warned that senators who oppose the bill are likely to regret it during the November midterm elections.
  • The odds of the CLARITY Act passing this year has fallen to a new low.

SkyBridge Founder Anthony Scaramucci has opined that President Donald Trump will sign off on the recently negotiated bipartisan ethics agreement, which could ultimately pave the way for the Senate to pass the CLARITY Act. This comes as the crypto bill’s odds of passage this year fall to new lows with just a week left before the Senate heads for its August recess.

Scaramucci Says Trump Will Likely Sign Off On CLARITY Act Ethics Deal

In an X post, Scaramucci said that he thinks that the president will ultimately sign off on the bipartisan ethics provision. “If POTUS ultimately signs off, which I think he will, who will stand in the way of Clarity? If Dems (or GOPs in the pocket of bank lobby) stand in the way, they will regret it in November,” he said.

As CoinGape reported, Senators Thom Tillis and Ruben Gallego worked on the bipartisan ethics package, which they sent to the White House yesterday. This is notably a counteroffer to the partisan ethics provision in the CLARITY Act, which the White House and Republican senators agreed on.

In a now-deleted X post, Scaramucci had earlier said that President Trump’s kids were okay with the bipartisan ethics provision, a development which could also prompt the president to sign off on the deal. Although the details of the bipartisan provision remain unclear, sources have said that it includes a role for state attorneys general, according to journalist Eleanor Terrett.

Democrats had opposed the initial ethics provision because it empowers only federal prosecutors to enforce it. A potential sign-off from Trump on the bipartisan deal could pave the way for a vote on the CLARITY Act next week. Senator Cynthia Lummis already signaled that they plan to hold a vote on the crypto bill next week before their recess.

Odds Of Passage This Year Fall To New Lows

The odds of the CLARITY Act becoming law this year have fallen to new lows. Data from the top crypto prediction market platform Polymarket shows a 23% chance that President Trump will sign the bill into law this year, down from 30% earlier this week.

odds of CLARITY Act passage
Source: Polymarket

With the CLARITY Act facing a race against time, stakeholders are pushing for the Senate to vote on the crypto bill by next week. Treasury Secretary Scott Bessent had said yesterday that the Senate needs to vote on the bill “now.”

Crypto ETF issuer Grayscale also just sent a letter to Senate leaders John Thune and Chuck Schumer requesting a floor vote on the CLARITY Act before the August recess.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.