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Fri, Aug 7

CLARITY Vote Slips to September

CLARITY Act Senate fight

The CLARITY Act is moving through an increasingly narrow Senate window toward a floor vote as ethics disputes, opposition coalitions, and shifting passage odds keep the bill's fate uncertain.

Latest: The Senate leaves for recess without a CLARITY Act vote — Thune declined to file the cloture motion needed for a floor vote, pushing the first vote to September 15 at earliest as the ethics standoff over Trump's crypto holdings remains unresolved; Polymarket 2026-enactment odds ~15%

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Consortium Targets Circle's Reserve Income

Open USD threatens Circle

A growing 167-plus partner Open USD consortium is threatening Circle's reserve income dominance as the stablecoin launches with major backers.

Latest: A day after Circle renews its Coinbase distribution deal, CoinShares flags the 140-partner Open USD consortium as a structural threat to the reserve income — $667.7M last quarter, 95% of Circle's revenue — that the deal rests on; Mizuho has cut Circle to underperform, though Open USD isn't yet live.

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