đź“ť What you need to know
The latest draft of the Clarity Act dropped Wednesday, with provisions barring the U.S. President, officials and their spouses from issuing digital assets and sponsoring crypto while in office. But the ethics provision would expire in 2029, and leave enforcement to the Department of Justice—something that’s already sparked objections from Democratic lawmakers, who argue that it “falls short.”
Longtime crypto critic Elizabeth Warren came out swinging against the new text, claiming that it “does nothing” to prevent the President from profiteering and bars any future Department of Justice from holding him accountable. In the wake of the pushback, the odds of the Clarity Act passing this year have plunged on prediction platforms.
đź“° In the News
| Bitcoin · BTC | July 22, 2026 |
| $64,704 | | â–Ľ 2.2% past 24 hours |
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đź“Š Myriad Insight of the Day
| Why it matters | | WTI hit $90 Thursday, a six-week high, after U.S. strikes on Iran continued and Houthis extended blockades to Saudi vessels, per investingLive. WTI broke above key trendline resistance and its 100-day moving average; technicals point to $100. The Strait of Hormuz remains in de facto closure. The $10 rally in a week has erased $55's mechanical edge—from $90, $120 needs a 33% rally versus 39% for $55. | |
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