Ree Fonteyn

If you're wondering why the market is green today: The ethics clause on the CLARITY Act appears to be resolved. That single provision, the conflict-of-interest rule around government officials' crypto holdings, is what held this entire bill hostage for months. Democrats pushed hard for it while Trump kept filling his bags with one crypto scheme after another and dumping on retail. But it now seems like real progress has finally been made, with the White House reportedly conceding to language described as "more aggressive than anything seen before." Next up: a Senate floor vote before Congress leaves for August recess on Aug 7th. Why this is arguably the single biggest catalyst crypto and especially alts have right now (and maybe ever had): CLARITY ends the decade-long jurisdictional war between the SEC and CFTC and permanently codifies which assets are commodities into federal law. No future administration can undo it with a memo. It replaces a decade of "regulation by enforcement" with actual written rules. What that unlocks: Institutional capital that has been stuck on the sidelines. Pension funds, sovereign wealth funds and the largest asset managers can't hold unclassified assets for compliance reasons. Remove that barrier and they can finally allocate using the exact same frameworks they use for equities and bonds. JPMorgan itself literally called this the trigger that opens the floodgates. On top of that, we get real developer protection, which means more innovation from talent that finally isn't scared away anymore. And real user protection, with rules that would have made any FTX-like collapse structurally impossible. The same kind of collapse we're still suffering from reputationally to this day. And here's the tell: look how much the market moved on just a small procedural win like this. Now imagine what happens when the whole thing actually passes. For reference, when the GENIUS Act was signed last July, total crypto market cap crossed $4 trillion for the first time. CLARITY is bigger. Much bigger.

BREAKING: 🇺🇸 Multiple industry sources say President Trump agreed on an ethics package for the Clarity Act and shared it with Senate Republicans this afternoon. Details remain unclear, but industry participants hope it will pave the way for updated bill text soon.

IS CLARITY ACT MOMENTUM BUILDING? 🇺🇸 Rep. Bryan Steil says he's optimistic the Senate will pass the CLARITY Act next week. 🔹 "It's time for the Senate to act." 🔹 Believes clear rules will unlock significant human and financial capital. 🔹 Says the bill protects consumers while driving innovation. 🔹 Says the U.S. must set the global gold standard for digital asset regulation. Regulatory clarity could be one of the biggest catalysts yet for the U.S. crypto industry.

🇺🇸 BREAKING: The White House has reportedly agreed on an ethics package for the crypto Clarity Act.

2/ Bitmine executes STOCK BUYBACK “Bitmine repurchased approximately 5.5 million shares of common stock in the past week at an average price of $15.6156. We view the purchase of our common shares as accretive to shareholder value,” stated Thomas “Tom” Lee, Chairman of Bitmine. Bitmine executed the 5.5 million common stock buyback under the previously authorized $4 billion share repurchase program.