All articles are carefully reviewed and reviewed by leading blockchain experts and industry experts.
Summary
- Senate negotiators resolved the ethics debate that had stalled the CLARITY Act for weeks.
- Bitcoin surged to $67,000 as ETFs add to multi-day gains.
- Republicans still need several Senate Democrats to cross before a floor vote.
- Forecast markets have increased their odds on the crossover but still see the timing as tight.
Bitcoin surged to $67,000 on Tuesday after Senate negotiators agreed on language that would stop it Digital Asset Market CLARITY Act for weeks. Senator Cynthia Lummis, Senator Bernie Moreno and White House crypto advisor Patrick Witt have finalized an agreement that hands enforcement of the new anti-money laundering laws to the Department of Justice and not to attorneys general. Traders read the deal as a clear sign that a Senate vote could come within days. Bitcoin’s price change, moving from the low $64,000s to a new high near $66,872, reflects this change in expectations before the political issue has finished developing.
Crypto America welcomes Eleanor Terrett first reported the agreement on Monday nightciting several industry sources that are summarized in the language. Witt also confirmed his continued involvement a few hours later, I thank the President and White House adviser David Sacks for the opportunity to see the effort.
How the Justice Department Ruling Undercut Weeks’ Standing
The CLARITY Act itself has not been a sticking point. The bill gives primary oversight of crypto markets to the Commodity Futures Trading Commission, leaves tokens as securities under the SEC, establishes bankruptcy protection for customer currency exchanges, and establishes safe harbors for DeFi developers. This package had a lot of support months ago. What stopped it was one paragraph. Democrats led by Senators Angela Alsobrooks and Ruben Gallego wanted guardrails to prevent the president, vice president and members of Congress from using their offices to benefit from the digital economy, which is focused on Trump, whose 2025 revelations showed $ 1.4 billion in crypto-related money through World Liberty Financial and the plan of my money.
The arrangement that opened the deal was formal rather than formal. Instead of allowing state attorneys general to follow the traditional rules, which would risk the interpretation of fifty different years of case law, the DOJ takes sole control. This gives the bill a single standard instead of a patchwork, which is what players need before paying for products built under the new rules.
ETF Buyers Were Long Before Political Issues
The policymaking led to a rise in prices on Tuesday, but the underlying currency has been on the rise for days. US spot Bitcoin ETFs fell $226.92 million in total revenue Monday alone, extending its five-day haul to $727.3 million. BlackRock’s IBIT, Fidelity’s FBTC and Grayscale’s GBTC led the buying. That run has pushed year-over-year outflows below $5 billion, offsetting the $7.5 billion that left the ETF complex between May and the end of June. The total market capitalization of ETFs fell from $75 billion to $79 billion.
Monday Net Inflow
$226.92M
5-Day Streak Total
$727.3M
The company’s YTD Net Outflows outlook
Under $5B
The price of ETF shares
$79B
from $75B down
Advanced fees: BlackRock IBIT, Fidelity FBTC, Grayscale GBTC
A Triangle Is About to Explode
The weekly chart adds a layer to the meeting on Tuesday that does not show itself. Bitcoin has spent months drawing a similar triangle, the downward line from the peak of $130,000 against the upward line from the low of $60,000, and the price is now trading at the same price. This is where the explosion occurs, rather than another merger, since the gap between the two lines has narrowed considerably.
The 50-week moving average, sitting near $89,700, explains the most interesting part of the story. The price remains below it, and the weekly RSI at 32.89 is below the 50 mark, all consistent with the market still working in a correction rather than confirming a new increase. Nothing takes away from Tuesday’s move. It means that the news of the CLARITY Act and the entry of ETFs are falling on a chart that has not yet broken the long-term downtrend, so the idea of a triangle in the coming weeks, rather than a one-day theme, will show whether the rally has real follow-through.
$97,900
Pre-resistance / SMA rollover zone
$89,700
50-week SMA
$66,855
Current price
32.89
Weekly RSI, below 50 neutral
Seven Democrats Stand Between Bill and Vote
Republicans have 53 seats in the Senate. Breaking the filibuster requires 60 votes, meaning at least seven Democrats need to pass the measure, and as of Tuesday no one has publicly signed or reviewed the completed measure. Advocacy groups including Indivisible are already campaigning against the bill, framing it as an anti-establishment vehicle to benefit crypto holders in office rather than protect consumers. Senator Moreno has called the new culture plan the strongest of any bill passed by Congress, and Senate Majority Leader John Thune could bring it down within days if he wants to. Whether he does remains an open question.
- Polymarket puts the chance of 2026 passage 43%, from 32% within hours of the agreement.
- Kalshi puts the likelihood of the bill becoming law this year at 36%, citing a narrow path ahead of the August 8 deadline.
- Dan Gambardello remains cautious, pointing out the absence of democratic commitment in the finished text.
What Will Change If Thune Fixes the Vote This Week?
An organized vote, by itself, is the next contribution regardless of how the number is reached. Markets have already indicated that they will move on the probability of the vote, not the outcome. If Thune sets a date and the wording that was released shows a real acceptance of the pair, the bull case points to a run to $74,300, the center of this year’s combination, with the possibility of reaching $84,000. If the Democrats reject the DOJ’s proposal as toothless, or the Federal Reserve gives a blow at its meeting at the end of July, the case of the bear reopens the recovery of $ 58,000 and drops deeply to $ 51,000 on the table.
Two forces are under the influence. A proposed 10-day ban on revitalizing the US-Iran agreement temporarily pulled oil prices lower, reducing the rate of inflation and increasing the risk of appetite, while pushing Russia to regulate crypto trading across the border is increasing the pressure on Washington to complete its framework before lawmakers leave for the August recess. Working against this meeting, Coinbase needs Index, which follows the interests of US institutions and businesses, still negative at -0.062, and about $2.3 billion in stablecoin liquidity has left Binance and Bybit over the last month, leaving less capital sitting on the exchange ready to absorb sudden shocks in any direction. The Thune calendar, not the number of votes, is what traders will refresh first.
