The Crypto Council for Innovation, Digital Chamber and Blockchain Association wrote to US Senate leaders on Friday calling for the chamber to prioritize “floor consideration” of the Digital Asset Market Clarity (CLARITY) Act.

In a Friday letter to Senator Majority Leader John Thune and Minority Leader Chuck Schumer, the three cryptocurrency advocacy groups urged consideration of the CLARITY Act, which Republican lawmakers have been pushing for a vote before the chamber breaks for state work periods in August. Although the bill has advanced through the Senate banking and agriculture committees, some lawmakers said they planned to withhold their votes until key provisions were addressed.

“[We] recognize that constructive bipartisan negotiations remain underway to secure and expand support for this critical piece of legislation,” said the letter. “We appreciate these good-faith efforts of Senators on both sides of the aisle, and we encourage those discussions to continue.”

Source: Crypto Council for Innovation

The CLARITY Act, expected to be one of the most significant pieces of legislation impacting the crypto industry, needs 60 votes to pass in the Senate, where Republicans hold a 52-47 majority over Democrats. Republicans released the text of the market structure bill earlier this week, including ethics provisions that barred public officials from issuing or sponsoring cryptocurrencies, but many Democrats said that the measures don’t go far enough to prevent corruption.

Related: Goldman Sachs CEO backs ‘not perfect’ CLARITY Act as vote expected soon

“Whatever piece of s— they sent back to us, that was not a serious effort,” Senator Ruben Gallego said on Thursday regarding the ethics provisions, according to Politico.

Gallego added:

”[…] After all the work that we’ve done with our Republican colleagues, that they would take the months and months of work and somehow interpret that and turn around and think what they offered was even remotely close.”

White House crypto adviser on Democratic opposition to CLARITY ethics rules. Source: Patrick Witt

Industry leaders weigh in on CLARITY ahead of potential floor vote

“The status quo in the US isn’t working,” said Coinbase CEO Brian Armstrong in a Wednesday X post. “There’s no federal framework, so bad actors like FTX can harm US customers and much of the industry has gone offshore totally outside US purview. This bill fixes that with strong consumer protections, real tools for law enforcement, and a path for America to lead in this industry.”

Orest Gavryliak, chief legal officer of DeFi platform 1inch, spoke about the bill on Cointelegraph’s Chain Reaction podcast on Friday, saying that CLARITY would help recognize a framework for non-custodial protocols rather than “regulating with enforcement.”

“Some regulators, they try to be friendly to non-custodial protocols or projects, they still try to fit us in into the custodial frameworks and make us use custodial solutions to solve problems that they used to in this legacy custodial or traditional finance, which is wrong [and] doesn’t apply to us at all,” said Gavryliak. “That’s why it’s very important for CLARITY to pass.”

If lawmakers are unable to hold a vote for CLARITY before the Senate breaks in August, it could push consideration into the weeks before the 2026 US midterms, potentially complicating discussions. As of Friday, Kalshi offered users event contracts with a 40.3% chance that the bill would pass before the Senate’s August recess.

Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach

US spot Bitcoin exchange-traded funds (ETFs) extended their streak of inflows into a sixth consecutive session, signaling renewed institutional interest at a time when broader market sentiment is improving. At the same time, crypto-linked equities are posting gains amid expectations that US regulatory progress could help clarify the playing field—and that speculative appetite for AI-related stocks may be starting to cool.

Beyond digital assets, investors are increasingly separating “AI winners” from companies still priced primarily on optimism. That shift matters because money often moves in clusters: when one high-beta trade loses momentum, capital can search for the next opportunity—sometimes back in crypto.

Key takeaways

• US spot Bitcoin ETFs logged six straight days of inflows, bringing total fresh capital to about $203.1 million for the latest session and roughly $930 million across the streak, according to the linked Cointelegraph update.
• Market sentiment improved as the Crypto Fear & Greed Index rebounded from “extreme fear” to “fear,” while Bitcoin’s price briefly moved above $67,000.
• The Philadelphia Semiconductor Index (SOX) moved into technical bear-market territory after a drop of more than 20% from its recent peak, reflecting cooling enthusiasm for parts of the AI trade.
• Analysts pointed to US momentum on the CLARITY Act and commentary from Treasury Secretary Scott Bessent as a factor supporting risk appetite across crypto and crypto-adjacent stocks.
• Bitcoin mining stocks rose on news of major AI-focused data center and cloud infrastructure deals from Hut 8 and IREN.

Bitcoin ETFs extend inflows as sentiment steadies

Spot Bitcoin ETFs in the US continued receiving net inflows, extending a winning run to six consecutive trading days and attracting $203.1 million in fresh capital on the day highlighted by Cointelegraph: Bitcoin ETFs extended their inflow streak.

The inflow sequence adds up to roughly $930 million over six sessions—described in the report as the funds’ longest streak since April—occurring alongside a move in Bitcoin that briefly pushed above $67,000. The timing also overlaps with a notable improvement in broader risk sentiment, with the Crypto Fear & Greed Index recovering from “extreme fear” to “fear.”

Even so, the bigger picture remains mixed. Since the launch of the US spot Bitcoin ETFs in January 2024, the funds have accumulated $51.8 billion in cumulative net inflows and hold $80.9 billion in net assets, but they are still down $4.84 billion on a year-to-date net flow basis, per the figures included in the source article. Analysts cited in the report argue that Bitcoin likely needs to sustain trading above the $65,000–$65,500 area to strengthen the case for a durable bullish breakout.

For investors, the usefulness of an inflow streak isn’t just the day-to-day headline—it’s the pattern. A multi-day bid from institutions can reduce the likelihood that any bounce is purely retail-driven, though it doesn’t guarantee follow-through.

AI trade cools while crypto expects regulatory clarity

The crypto market rally referenced by Cointelegraph is linked to two overlapping themes: progress toward US crypto regulation and signs that the AI trade may be losing some of its momentum. The report ties the broader digital asset move to the cooling of the AI trade, with crypto-related equities joining the bid.

Cointelegraph notes that Coinbase, American Bitcoin and Cipher Digital posted double-digit percentage gains as sentiment improved. One cited catalyst was a statement from US Treasury Secretary Scott Bessent suggesting lawmakers were near the “1-yard line” on the CLARITY Act, a legislative effort intended to establish a regulatory framework for digital assets. While investor expectations don’t replace legislation, signals about legislative progress can still shift positioning—especially for firms that have spent long periods waiting for clearer rules.

On the AI side, analysts framed the change more as rotation than collapse. The source points to cooling enthusiasm in AI equities and growing confidence around the interest-rate outlook as supportive inputs for Bitcoin. A concrete proxy for this is the Philadelphia Semiconductor Index (SOX), which fell more than 20% from a recent high and recently slid into a technical bear market. Although SOX remains above year-ago levels, the magnitude of the pullback suggests that some speculative capital is less willing to pay whatever it takes for future AI monetization.

For crypto traders, that distinction matters: when AI-related liquidity tightens, some capital that was “parked” in semiconductors and high-multiple tech can become more willing to chase asymmetric upside elsewhere—provided the regulatory outlook and market structure remain supportive.

Miners ride AI data center and cloud contracts

Another strand of strength showed up in Bitcoin mining stocks, which surged on the back of major AI infrastructure deals highlighted by Cointelegraph: Hut 8 and IREN unveiled multibillion-dollar AI infrastructure agreements.

The source reports gains across Hut 8, IREN, Cipher Digital, CleanSpark and MARA Holdings after Hut 8 disclosed a 15-year, $9.8 billion lease for its AI data center campus. It also notes that IREN shared details of $2.8 billion in cloud services contracts with AI developers. The broader implication is that miners are continuing to diversify away from relying solely on Bitcoin production as mining economics become more challenging.

Alongside the deal headlines, the report emphasizes that the AI pivot is now large enough to shape how markets value parts of the mining sector. It states that IREN projects more than $4 billion in annual recurring AI cloud revenue by the end of 2026. That kind of forecast—especially when paired with long-term infrastructure arrangements—can attract investors who prefer visibility over purely cycle-driven earnings.

Still, the source also flags execution and funding risk. Blocksbridge Consulting, cited in the report, estimates the sector could require roughly $50 billion in additional capital to pursue its AI ambitions, while insider stock sales have drawn increased scrutiny. Taken together, the message is clear: investors may reward the pivot to AI-enabled infrastructure, but they are also watching for whether capital needs remain manageable and whether corporate actions align with long-term delivery.

Robinhood spotlight shifts to tokenization and prediction markets

Outside the immediate crypto market tape, Bernstein updated its view of Robinhood, arguing the brokerage’s next growth phase is likely tied more to tokenized products and prediction markets than traditional crypto trading. The report points to Bernstein raising its price target on Robinhood, lifting it to $160 from $130 while maintaining an Outperform rating.

Bernstein’s forecast in the source includes an expectation that prediction markets could become Robinhood’s fastest-growing segment, generating $1.7 billion in revenue by 2028. It also identifies tokenized equities as a major growth opportunity, citing Robinhood’s Arbitrum-based layer-2 network as infrastructure for bringing real-world assets on chain.

The thesis is reinforced by what the source describes as an acceleration of Wall Street’s tokenization push, naming companies such as Broadridge, Alpaca, Securitize and Cantor Fitzgerald as expanding blockchain-based securities infrastructure. For industry watchers, that matters because tokenization is a bridge concept: it can attract institutional interest by mapping blockchain capabilities onto familiar asset structures, potentially broadening demand for compliant onchain rails.

For readers, the next key question is whether the improving ETF inflow pattern persists while AI equities continue losing speculative steam. Watch for continued multi-day ETF demand, further signals on US regulatory progress around the CLARITY Act, and whether miner-led AI infrastructure narratives translate into measurable financial milestones rather than only headline-driven momentum.

Coinbase has replaced or reassigned four senior leaders after cutting 14% of its workforce, as the exchange builds a platform spanning crypto, stocks, derivatives and prediction markets.

A Coinbase regulatory filing states that Chief People Officer Lawrence Brock will leave his position on Aug. 17 and remain with the company through Sept. 1 to transfer his duties. Coinbase expects to appoint Dominique Baillet as Brock’s successor, placing her in charge of the company’s hiring, retention and workplace operations during a period of product expansion.

Brock will continue providing advice from Sept. 2 through Nov. 30 under an agreement signed on July 23, according to the filing. The arrangement gives him a payment equal to three months of his current base salary after the advisory period, along with continued vesting of restricted stock units scheduled for Nov. 20. Coinbase’s filing does not give a reason for his departure.

His exit follows several changes across Coinbase’s legal, institutional and Base teams. CertiK Pulse reported that Greg Tusar, co-head of Coinbase Institutional, has moved into a policy-focused position after working on the company’s prime brokerage, custody, financing and exchange products.

Paul Grewal also plans to leave his role as chief legal officer and corporate secretary on July 31 after six years at Coinbase. Vice President of Legal Molly Abraham will become general counsel and secretary, while Ryan VanGrack will serve as Coinbase’s first vice chair and head of corporate affairs.

Grewal will remain an adviser and retain his seat on the board of Coinbase National Trust Company, Reuters reported. During his tenure, Grewal helped Coinbase respond to the Securities and Exchange Commission’s 2023 lawsuit and supported the crypto industry’s campaign for new market legislation in Washington.

Coinbase is cutting layers while adding products

Changes at the executive level have arrived less than three months after Coinbase announced plans to eliminate about 700 positions, equal to 14% of its workforce. CEO Brian Armstrong linked the May decision to volatile crypto markets and productivity gains from artificial intelligence, while Coinbase estimated restructuring costs of $50 million to $60 million.

Armstrong told employees that Coinbase needed smaller and more efficient teams, according to a company letter reported by Business Insider. The exchange also planned to reduce management layers and test team structures in which fewer workers handle tasks that previously required several specialized roles.

At Base, Jesse Pollak has stepped back from leading the network’s consumer app and handed control to Jordan Fish, widely known as Cobie. Pollak acknowledged that his focus on social applications and creator coins had failed to produce the adoption he expected, according to CoinDesk.

Pollak will instead focus on developing Base as a blockchain for global finance, with trading, payments and tokenization taking priority. Coinbase has kept the Base app under its control, while the leadership change separates work on the consumer product from Pollak’s role in developing the underlying network.

Alongside the personnel changes, Coinbase describes its business as an “Everything Exchange” that gives customers access to crypto, equities, derivatives and event contracts from one platform. The company has opened commission-free stock and exchange-traded fund trading to all eligible U.S. users, offering access 24 hours a day on five weekdays, according to a Coinbase announcement.

Prediction markets have become an early revenue source within that model. Coinbase reported that the product reached more than $100 million in annualized revenue during March, after operating nationwide for two full months. Its first-quarter results also placed annualized retail derivatives revenue above $200 million and crypto trading-volume market share at a record 8.6%.

Weak crypto conditions test the expansion

Coinbase’s product expansion is proceeding as its research unit maintains a neutral outlook for the third quarter. Coinbase Institutional and Glassnode reported that total crypto market capitalization, excluding stablecoins, contracted by about 12% during the second quarter.

Their joint “Charting Crypto Q3 2026” report found early signs of Bitcoin accumulation but concluded that tighter liquidity, the U.S.–Iran conflict and weak exchange-traded fund demand continued to limit the market. Record stablecoin supply suggested that some sellers moved capital into dollar-linked tokens instead of removing it from crypto entirely, according to Coinbase Institutional.

COIN traded at $158.50 on July 24, down 1.65% from its previous close, with an intraday range of $153.80 to $163.50. The latest move left Coinbase with a market value of about $42 billion, while its shares remained under pressure after falling 31.9% during 2026 and 59.4% over the preceding year.

Baillet’s expected appointment therefore places Coinbase’s People team at the center of two competing demands: managing a smaller workforce and supporting new asset categories. Investors can next assess that execution when Coinbase publishes its second-quarter financial results after the market closes on July 30.

Singapore-based Bitcoin mining pool operator Poolin and two US affiliates have filed for Chapter 11 bankruptcy in a New Jersey court, according to a court filing accessible via PACER Monitor. The move marks a further sign of stress inside parts of the mining sector as margins are squeezed by electricity costs and infrastructure expenses.

In the filing, Poolin Technology PTE Ltd estimates liabilities in a range of $100 million to $500 million, assets of $1 million to $10 million, and 10,001 to 25,000 creditors. The company also asked the court for permission to sell two West Texas mining sites to Thor CALAP LLC through a proposed stalking-horse bid.

Key takeaways

• Poolin and US affiliates have entered Chapter 11 in New Jersey, citing a wide gap between estimated liabilities and assets.
• Poolin is seeking approval to sell its Tarbush and Pyote West Texas mining facilities for a combined $52 million under a stalking-horse process.
• A court-supervised auction is planned, with a bid deadline of Sept. 8 under the proposed procedures.
• The case reflects broader industry pressure, with other miners restructuring or pivoting toward AI and high-performance computing.

Bankruptcy filing and proposed West Texas asset sale

Poolin’s bankruptcy petition is tied to court-supervised efforts to reorganize and monetize remaining assets. The company’s filing includes estimates of $100 million to $500 million in liabilities against assets estimated between $1 million and $10 million, alongside a creditor count in the 10,001 to 25,000 range.

In addition to seeking Chapter 11 protection, Poolin requested permission to sell two mining sites in West Texas to Thor CALAP LLC. The proposed stalking-horse bid values the deal at $52 million, split into:

• $37 million for the Tarbush assets, including assumed liabilities.
• $15 million for the Pyote site, including power rights, equipment, and other assets related to the mining facilities.

The filing further states that the sale would be subject to a court-supervised auction, with a Sept. 8 bid deadline under the proposed bidding procedures.

Poolin’s market position has shifted

Poolin’s bankruptcy comes at a time when its relative standing in the mining industry has declined. According to Hashrate Index, Poolin is currently the 17th largest Bitcoin mining pool operator by hashrate, with about 0.2% market share.

The filing’s outcome is therefore not just a case-specific story: it underscores how the competitive landscape has evolved since Poolin’s peak. The company was once reported as the world’s largest Bitcoin mining pool in 2019, but its hashrate share has since fallen as other operators scaled and diversified.

Industry pressure: restructuring and an AI pivot

Poolin’s bankruptcy fits a broader pattern in which Bitcoin miners increasingly look for restructuring pathways—or new lines of business—to manage operating constraints. The source reporting notes that financial pressure has been driven in part by rising electricity costs, with some mining operations shutting down while others seek additional revenue.

Earlier examples highlighted in the broader reporting include a Chapter 11 filing by NFN8 Group and two affiliates in February, in which those entities sought bankruptcy protection in the Western District of Texas. Other miners have pursued different strategies, including a shift toward AI and high-performance computing infrastructure.

For instance, the reporting notes that in November 2025, Bitfarms initiated a complete wind-down of its Bitcoin mining operations to pivot toward AI and high-performance computing data centers. More recently, it cites major AI-related infrastructure announcements from publicly traded miners:

• Hut 8 announced a 15-year lease worth $9.8 billion for an AI data center campus.
• IREN disclosed $2.8 billion in cloud services contracts with AI developers.

The same reporting also references MARA Holdings plans to acquire a Texas site with up to 2 gigawatts of capacity to expand AI and digital infrastructure ambitions.

In its coverage, the source further points to comments attributed to Bernstein, stating that AI companies may need deals with third-party providers—such as Bitcoin miners—to overcome computing power limits of AI data centers.

Why this Chapter 11 case matters to the market

For investors and industry participants, Poolin’s filing is notable not only because of what happens inside a bankruptcy court, but because it may influence how mining supply and hosting capacity evolve during a period when many operators are recalibrating their strategies.

The proposed sale of specific West Texas mining sites—along with included power rights and equipment—also highlights where value is being concentrated. In practical terms, power access and deployable infrastructure are often the decisive factors in mining economics, particularly when energy prices and equipment costs challenge profitability.

Meanwhile, the broader shift toward AI infrastructure suggests a deeper restructuring of demand for compute. While Bitcoin mining is tied to network incentives, AI data center expansion depends on long-term capacity planning. That difference helps explain why some miners are attempting to convert physical assets and energy contracts into a different revenue model—yet Poolin’s bankruptcy indicates that not every operator can make that transition fast enough or on terms favorable to creditors.

One watchpoint is the timing and outcome of the court-supervised auction. The filing proposes a Sept. 8 bid deadline, which could determine whether competing bids emerge beyond the stalking-horse valuation or whether the Thor CALAP LLC offer becomes the baseline for a broader asset disposition.

Readers should monitor the bankruptcy docket for updates on the auction process, any competing bids, and the ultimate disposition of the Tarbush and Pyote sites. Just as importantly, the case may provide another data point on how quickly—if at all—mining operators can reposition energy- and infrastructure-heavy businesses toward AI-related compute demand.

Crypto exchange BitMEX is winding down with roughly $270 million sitting in a house insurance fund that customers now suspect its owners will simply keep. 

The fund holds about $239 million worth of BTC and $31 million in USDT. A lot of that came from customers’ trading losses.

The exchange hasn’t disclosed where the money will go after its doors close on September 23 and BitMEX declined to comment on its plans for the fund.

To be clear, the fund is owned by BitMEX, not customers, and the exchange never told customers what it would do with the fund if it ultimately closed for business.

Moreover, the fund has paid out to customers during certain loss events, honoring the exchange‘s original promise.

Still, plenty of people are upset given the substantial size of the fund and a November 2025 rebalancing that drained it of the overwhelming majority of its assets at the time.

The exchange’s proprietary token also seems to have little promise of retaining much value after September. It’s already lost 96% of its value year-to-date after a steep crash on the closure news.

BitMEX’s insurance fund goes viral

Speculation about BitMEX owners overtaking the insurance fund is rampant on social media, as allegations earned hundreds of thousands of impressions on the trending topic.

For context, BitMEX’s use of the word insurance is repurposed, a common practice by the crypto industry. Its borrowed name doesn’t actually mean insurance by conventional understanding.

Rather than funding it with policyholders’ insurance premiums or stockholders’ paid-in capital, by and large, BitMEX funded its so-called insurance fund with liquidated assets from customers who lost money trading using BitMEX-provided leverage.

Immediately incensed, plaintiffs filed a proposed class action the same day as BitMEX’s closure announcement.

Plaintiffs alleged that BitMEX’s fund grew quickly during downside volatility and times of stress when customers would have appreciated insurance payouts.

Instead of shrinking during adverse events to offset losses as other insurance funds might have, the fund grew as BitMEX force-closed leveraged bets by its customers.

Although no court has reviewed the allegations, plaintiffs BKX Services and David Namdar say the exchange liquidated their positions. The two say they lost over 622 BTC between them and want to add claims representing similarly situated US customers who traded on BitMEX since July 2018.

Like other lawsuits before, they are seeking the return of their assets plus fees. Prior lawsuits have ended in dismissal, such as a 2020 class action led by Brett Messieh.

Abu Dhabi, UAE — VAP Group today announced the Global Trading Show from 15-16 December 2026 at Emirates Palace, Abu Dhabi. Powered by Times Of Trading, the event brings together the full spectrum of the trading world, including the most influential 5,000+ market movers together such as ultra-HNW investors, brokers, regulators, exchanges, institutional desks, high-volume traders, influencers and leading financial key opinion leaders, all under one roof at one of the region’s most prestigious venues.

Until now, the region’s trading events have focused on individual markets, while the Global Trading Show unites every asset class, trading technologies, and trader communities, making it a truly cross-asset event for every type of trader.

The Global Trading Show is built on three pillars designed to give attendees direct access to the entire investment universe and the people driving it.

Multi-Asset Trading Floor
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Live Trading Tournament
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Global Trading Show recognizes that today’s markets move as much through influence as through infrastructure. The event convenes leading financial KOLs and creators alongside institutional players, bridging the gap between the trading floor and the platforms where retail and professional audiences increasingly get their market intelligence.

The two-day event will spotlight the next evolution of trading through dedicated AI & Quant, Web3 & DeFi, Retail Education, and Institutional Liquidity zones, complemented by live trading challenges, expert-led masterclasses, and exclusive institutional forums with closed-door sessions and open panels for hedge funds, prime brokers, liquidity providers, sovereign wealth funds and family offices.

“Capital today moves across forex, crypto, gold, AI-driven strategies and more, all at once, yet the industry still meets in silos. We are proud to announce that the Global Trading Show is the region’s only event to bring seven asset classes under one umbrella, where the entire ecosystem converges. Abu Dhabi is where institutional money and emerging assets now meet, so this conversation belongs here, in one of the most significant sovereign-grade venues in the region” – Vishal Parmar, Founder and CEO, VAP Group.

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London, 6–7 October 2026: Digital Assets Week will return to London, the only forum where capital markets transformation through tokenisation is examined in depth, from issuance and market structure to settlement, custody, liquidity and regulatory alignment.

The underlying foundation of Digital Assets Week is Global Asset Digitisation Projects, making it the only venue where the commercialisation of tokenising assets is discussed comprehensively and at scale.

Digital Assets Week is institution-led and designed to support substantive dialogue between market participants, regulators and infrastructure providers on implementation, risk management and market structure as digital assets increasingly intersect with traditional capital markets.

The 2026 edition will focus on how digital assets and tokenisation are moving from experimentation towards practical implementation across traditional financial markets.

Discussions will examine the evolution of tokenised private and public markets, 24/7 trading, atomic settlement, fund administration, digital asset custody, stablecoins, payments infrastructure, regulation, liquidity and institutional blockchain adoption.

Key speakers confirmed to join the 2026 agenda include:

● Rachel Blake MP, The Economic Secretary to the Treasury, HM Treasury

● Sasha Mills, Executive Director, Financial Market Infrastructure, Bank of England

● Sumeera Younis, Chief of Operations – Crypto Task Force, U.S. Securities and Exchange Commission

● Anthony Clark-Jones, Head of Digital Assets (Products & Services), UBS Investment Bank

● Sean Mullins, Head of Digital Assets Product, Securities Services, HSBC

● Emma Lovett, Executive Director, Markets Digital Assets, J.P. Morgan

● Anna Matson, Senior Vice President, Head of Digital Assets & Innovation EMEA, Northern Trust

● Waqar Chaudry, Executive Director; Head, Digital Assets. Financing and Securities Services; Corporate & Investment Banking, Standard Chartered Bank

● Sabih Behzad, Head of Digital Assets & Currencies Transformation, Managing Director, Deutsche Bank

● Emilio Anting, VP of Digital Asset Partnerships, Franklin Templeton

● Previn Singh, Digital Assets – Head of Tokenisation Strategy, Fidelity International

● Doug Bambrick, Head of Custody Product – UK and Middle East, BNP Paribas

● David Reed, Director – Digital Assets Product, Invesco

● Deepa Raja Carbon, Managing Director and Vice Chairperson, VARA

● Christoph Hock, Head of Tokenisation and Digital Assets, Union Investment

● Kelly Moffatt, Head of Digital Assets Compliance, Citi

● Rosemary Hanna, Head of Division, Markets and Funds Policy, Central Bank of Ireland

● Ryan Hayward, Head of Digital Assets and Strategic Investments, Barclays

● Christian Lawrence, Chief Cross-Asset Strategist, Head of Americas & Energy Markets Research, Managing Director, Rabobank

● Antoine Scalia, Founder and CEO, Cryptio

● Cameron Drinkwater, Chief Product & Operations Officer, S&P Dow Jones Indices

● Myles Wright, CEO, Fnality Services

and many more.

This year’s event is already seeing the strongest level of financial institution and regulator registrations at this stage of any previous edition.

Financial institutions and regulators confirmed to participate include representatives from Aberdeen, ABN AMRO Bank, AllianceBernstein, ANZ Banking Group, Aviva Investors,  Baillie Gifford, Bank of America, Bank of England, Barclays, BlackRock, BNP Paribas,  Citi, Deutsche Bank, Fidelity International, Franklin Templeton, Goldman Sachs, HM  Treasury, HSBC, Intesa Sanpaolo, J.P. Morgan, Lloyds Bank, M&G Investments, MUFG  Bank, Morgan Stanley, Nomura, Northern Trust, Rabobank, Société Générale, Standard  Chartered, State Street, T Rowe Price, TSB Bank, U.S. Securities and Exchange  Commission, UBS, Union Investment, VARA, WisdomTree and many more.

Registration for Digital Assets Week London is now open.

Tickets can be accessed here:

https://www.universe.com/events/digital-assets-week-london-2026-tickets-LGVXZ7

15% off discount code, valid from 1st August: CRYPBREAK15

For sponsorship or speaking enquiries please contact: christina@julietmedia.com

Three major U.S. crypto advocacy groups have urged Senate leaders to move the Digital Asset Market Clarity (CLARITY) Act forward on the chamber floor, arguing that the legislation remains a rare chance to establish a clearer federal framework for digital assets. In a joint letter sent Friday to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the Crypto Council for Innovation, the Digital Chamber, and the Blockchain Association asked lawmakers to prioritize “floor consideration” before the Senate pauses for state work periods in August.

The push comes as the bill has already advanced through the Senate banking and agriculture committees, but uncertainty remains over whether it can secure the 60 votes needed for passage. Republicans hold a 52–47 edge over Democrats, yet several Democrats have signaled they may withhold support until the bill’s ethics-related provisions are adjusted—particularly rules intended to address conflicts of interest involving public officials and cryptocurrencies.

Key takeaways

• Crypto industry groups are pressing Senate leadership to schedule a floor vote on the CLARITY Act before the August recess.
• The bill cleared the Senate banking and agriculture committees, but lawmakers have indicated votes could be delayed pending unresolved ethics concerns.
• Democrats argue the ethics provisions in the GOP’s market structure text are insufficient to prevent corruption, according to reporting from Politico.
• Industry leaders including Coinbase CEO Brian Armstrong and 1inch’s legal chief Orest Gavryliak have argued the bill is necessary to provide a workable framework—especially for non-custodial systems.
• Market-based polling via Kalshi as of Friday implied a roughly 40.3% chance of passage before the Senate’s August break.

Advocacy groups push for early floor action

In the Friday letter, the three organizations framed floor consideration as an immediate next step following committee progress. They acknowledged bipartisan discussions are ongoing and encouraged negotiations to continue, indicating they are not asking for a “take it or leave it” decision—just that the bill be brought to the Senate floor without further delay.

The groups’ request aligns with a broader push from Republicans who have been working to secure a vote before the Senate breaks for state work periods in August. However, even with committee advancement, floor timelines in the Senate often depend on whether parties can close gaps on contentious provisions—especially those involving ethics and enforcement boundaries.

Ethics provisions remain the sticking point

CLARITY is widely described as one of the most consequential U.S. bills for crypto regulation, and its path in the Senate reflects the difficulty of reaching consensus across the aisle. The bill requires 60 votes to pass, and while Republicans currently hold a 52–47 majority over Democrats, Democratic support is not guaranteed.

Earlier this week, Republicans released the text of the market structure bill, including ethics provisions that would bar public officials from issuing or sponsoring cryptocurrencies. Democrats who oppose or question these measures have argued they do not go far enough to address corruption risks, according to reporting from Cointelegraph and Politico.

Senator Ruben Gallego, who criticized the ethics counterproposal, said in comments reported by Politico that the latest GOP response did not reflect a serious effort. He argued that after months of work with Republican colleagues, the bill’s updated approach did not match what Democrats believe is needed to meaningfully tighten safeguards.

“[…] After all the work that we’ve done with our Republican colleagues, that they would take the months and months of work and somehow interpret that and turn around and think what they offered was even remotely close.”

For investors and crypto companies, this disagreement matters because ethics provisions and conflict-of-interest rules can influence how politicians, regulators, and politically connected actors engage with crypto-related activity. If those provisions remain contested, the practical outcome could be delayed scheduling—or amended text that changes how compliance obligations are framed.

Industry leaders argue CLARITY is a needed framework

Beyond the Senate arithmetic and ethics provisions, industry participants have focused on what the bill could mean for how crypto products are treated in the U.S. Coinbase CEO Brian Armstrong said in a Wednesday post on X that the U.S. lacks a federal framework and that the absence of clarity allows harmful behavior to reach customers while much of the industry operates offshore.

Armstrong’s argument, as presented in his post, is that CLARITY would create consumer protections, provide law enforcement with tools, and establish a path for U.S. leadership in the sector. That perspective echoes what many businesses have sought in recent regulatory cycles: rules that are designed for digital assets rather than forced into legacy financial categories.

DeFi-focused legal leadership also weighed in. Orest Gavryliak, chief legal officer of 1inch, discussed the bill on Cointelegraph’s Chain Reaction podcast on Friday. He said CLARITY could help create a structure that recognizes non-custodial protocols rather than “regulating with enforcement,” and he criticized approaches that might try to fit non-custodial systems into custodial frameworks.

In his remarks, Gavryliak suggested that if regulators insist on treating non-custodial projects as if they must adopt custodial models, the resulting obligations could misalign with how decentralized protocols actually operate. For protocol developers, trading venues, and tooling providers, that distinction can affect everything from risk disclosures to compliance strategies.

Timing risks: August recess and the midterm calendar

Legislative timing may be as important as legislative content. The source notes that if lawmakers fail to hold a vote before the Senate breaks in August, consideration could shift into the weeks leading up to the 2026 U.S. midterms. That prospect could complicate negotiations, since election-year incentives often reshape how quickly contentious measures move.

As of Friday, Kalshi listed event contracts related to whether the Senate would vote on CLARITY before the August recess. The market-implied probability stood at 40.3%, suggesting that traders viewed a pre-recess floor vote as uncertain.

While event markets are not official forecasts, they can still reflect how participants interpret political momentum—especially when the bill’s core milestones (committee approval) have occurred but the votes to reach the 60 threshold appear harder to secure.

For readers tracking CLARITY, the next question is straightforward: whether Senate leadership can translate committee progress into floor scheduling while resolving the ethics provisions Democrats say are inadequate. If those disputes intensify or timelines slip past August, the bill’s eventual shape—and the compliance burden for non-custodial and consumer-facing parts of the ecosystem—may become clearer only later than many industry participants were hoping for.