Altcoin Daily
The Clarity Act remained absent from the Senate schedule as of Wednesday, with the August recess days away. Senator Cynthia Lummis said on Fox Business that she expects a vote before the recess and that members will not leave Friday, but Senate Majority Leader John Thune has filed cloture on other Trump priorities, including Todd Blanche's nomination and an NIL bill for college athletes, without yet scheduling the digital-asset bill.
Why it matters
The Clarity Act would split digital-asset oversight between the SEC and CFTC, define which tokens qualify as securities, and establish market-structure rules for trading platforms. After 11 months of bipartisan negotiation and 300+ pages added at Democratic request, the chamber's leadership has not yet forced a floor vote. Lummis's framing is that the goal is to get every senator on record as for or against crypto regulation, regardless of whether the bill passes.
Russia moved while Washington stalled. President Vladimir Putin signed a comprehensive digital-asset regulation bill into law that governs the organization, accounting, and custody of digital currencies and foreign digital instruments. The U.S. is now behind on a framework that other major economies have already produced.
Market impact
The source podcast host estimated BTC could drop into the $48K-$50K range if the Clarity Act does not pass, calling that the "final rung of the bottoming process." The host framed the current setup as a bottoming process on three signals: digital-asset treasury buyers who kept accumulating at the top becoming forced sellers near the bottom, repeated tests of the 200-week moving average, and BTC no longer being the first asset sold off during broader market risk-off moves. BTC is currently around $64,000, near the 200-week moving average.
Institutional adoption is moving regardless of the Washington timeline. Citi is hiring a crypto director to lead digital-asset client solutions and product roadmap work. Western Union is launching a Solana-based stablecard usable at 175 million Visa merchants across 37 markets, and Solana processed $1.45 billion in tokenized equities volume in July, roughly 82% of all tokenized stock trading across every chain.
Frequently asked questions
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What is the Clarity Act?
The Clarity Act is a digital-asset market-structure bill that would split oversight between the SEC and CFTC, define which tokens qualify as securities, and establish rules for trading platforms. It has been under bipartisan negotiation for 11 months.
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Why is the Clarity Act still absent from the Senate schedule?
Senate Majority Leader John Thune has filed cloture on other Trump priorities, including Todd Blanche's nomination and an NIL bill for college athletes, but has not yet scheduled the digital-asset bill. The chamber is days away from the August recess.
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What could happen to BTC if the Clarity Act does not pass?
The source podcast host estimated BTC could drop into the $48K-$50K range if the bill does not pass, calling that the "final rung of the bottoming process." BTC is currently around $64,000, near the 200-week moving average.
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Did Russia actually pass its own crypto market structure law?
Yes. President Vladimir Putin signed a comprehensive digital-asset regulation bill that governs the organization, accounting, and custody of digital currencies and foreign digital instruments in Russia.
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Which institutions are moving into crypto despite the US regulatory delay?
Citi is hiring a crypto director to lead digital-asset client solutions, Western Union is launching a Solana-based stablecard usable at 175M Visa merchants across 37 markets, and Solana processed $1.45B in tokenized equities volume in July.
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