SkyBridge Capital founder Anthony Scaramucci said on Sunday that the Clarity Act is not perfect, yet “ten times better” than leaving cryptocurrency unregulated.
Scaramucci Urges Stakeholders to Respect the ‘Compromise’
In an X post, Scaramucci flagged the insincerity of politicians who insist on “compromise” on legislation, but then downplay or reject it when it actually happens.
“Is CLARITY perfect? No. Could the ethics language do more? Yes. Is it ten times better than the Wild West status quo? Obviously,” the Bitcoin (CRYPTO: BTC) bull added.
Scaramucci viewed the bill as a major step forward through bipartisan concessions by Democrats, Republicans, the President, and the cryptocurrency industry, and urged everyone to “bank the win.”
Trump’s Crypto Riches: The Stumbling Block
The updated draft of the Clarity Act added new ethics provisions that prohibit federal officials, including the president and vice president, from “issuing or sponsoring” digital assets for profit while in office.
However, Sen. Elizabeth Warren (D-Mass.) alleged that these changes are insufficient in specifically addressing President Donald Trump’s cryptocurrency profits, and demanded the bill be dead on arrival.
Moreover, seven Senate Democrats who have spent months negotiating the bill said in a joint statement that the latest text “falls short” on ethics, consumer protection, illicit finance, and conflicts of interest.
Stronger ethics rules addressing Trump’s cryptocurrency ties have long been a non-negotiable Democratic condition for support. Because the bill requires 60 Senate votes to overcome a filibuster, bipartisan agreement is now mathematically unavoidable.
Polymarket prices the odds of the bill becoming law in 2026 at 38% as of this writing. Galaxy Research Head of Research Alex Thorn cut his odds to 30%.
Image via Shutterstock/ Al Teich
