Bernstein: Market underestimates progress on CLARITY Act

Analysts at Bernstein suggest the market has not priced in the recent progress of the CLARITY Act, following Republican compromises on ethics rules and protections for local banks. President Trump agreed to stricter conflict-of-interest rules for officials, potentially winning Democratic support for the bill. The Senate is scheduled to vote on ending debate regarding the legislation on September 15, requiring 60 votes to proceed.