The most important deadline in crypto right now isn’t a price level. It’s August 7.
That’s when the Senate leaves for summer recess, and if the CLARITY Act hasn’t passed by then, the window closes until at least 2027. At that point, lawmakers pivot to midterm campaigning, and comprehensive crypto market structure regulation gets pushed back years.
Here’s where things actually stand: the bill passed the House 294-134 back in July 2025 and cleared the Senate Banking Committee 15-9 in May. On July 22, Senator Lummis released a new merged draft combining the Banking and Agriculture Committee versions, this time including an ethics provision barring senior officials from issuing their own crypto. But it comes with a 2029 sunset clause and DOJ-only enforcement, and Democrats aren’t buying it. Sens. Murphy, Van Hollen, and Merkley came out formally opposed on July 14, calling the bill “corrupt” and tied to Trump’s own crypto holdings.
The math is still ugly, and it just got uglier. Republicans need 60 votes to break a filibuster. They have 53 seats, Hawley and Paul are expected to vote no, and now three Democrats are on record against the current draft rather than undecided. Senate Majority Leader Thune said this week he doesn’t expect the bill to get floor time before recess. The White House is pushing back, insisting the first week of August is still in play, but that’s a rebuttal to bad news, not a sign of momentum.
Prediction markets have moved with the mood. Polymarket has the odds down to 33%, and Galaxy Research just cut its estimate to 30%, down from the high-30s a week ago. Industry groups including the Blockchain Association and the Digital Chamber are publicly pushing the Senate to act, but pressure from outside isn’t the same as votes on the inside.
If it passes, this is the bill that gives crypto a real federal framework: clear rules on which tokens are commodities vs. securities, a CFTC registration path for exchanges, and the regulatory certainty that brings institutional money off the sidelines. If it doesn’t, the agencies keep running the show through guidance and enforcement while Congress resets after the midterms.
Watch the next two weeks. That’s the real window, and it’s closing faster than it was a few days ago.
Charles Hoskinson — Founder, Cardano & Midnight Network
Cardano founder Charles Hoskinson breaks down exactly why he believes the CLARITY Act is dangerous for the future of American crypto. He argues the bill creates a “security by default” framework that traps new projects under SEC jurisdiction, outlines the attack vectors regulators could exploit through rulemaking, and warns that even if it passes, implementation could take 15 years while entrenching incumbents and driving innovation offshore. With the August 7 Senate deadline now days away, his case for why getting this bill wrong is worse than no bill at all is worth hearing.
Louis Régis — Founder, Propr
Crypto prop trading has a trust problem: most firms quietly change the rules the moment a trader starts winning. Louis Régis, a former Credit Suisse quant who ran the crypto desk at Rothschild & Co, is building the fix with Propr, a fully onchain prop trading platform where every challenge, rule, and payout is settled onchain and publicly verifiable. Two months in, Propr has $1M in revenue, 5,000+ active traders, and 300+ AI agents already trading with funded capital. Louis joins Ashton to break down why Hyperliquid was the only infrastructure that could support this, how the 80% profit split was designed, why AI agents are becoming a serious trader category on the platform, and what it means that Propr is expanding to Polymarket, becoming the first platform to bring funded capital to prediction markets.
Watch on YouTube → | Read the full writeup →
Bitcoin’s momentum has been slow all through July, and that’s still the story this week. Price is consolidating just above $63,725 support, grinding sideways rather than trending, and the short-term picture is genuinely indecisive. The 45M and 15M timeframes are showing bearish pressure, and RSI sitting neutral in the high 40s isn’t giving a clear read in either direction.
The one bright spot: the 1D timeframe has flipped bullish, which is worth watching closely. But Smart Money flow is still OUT, meaning the bigger institutional money hasn’t stepped back in to confirm this yet. Until that changes, this is a chop-and-wait setup, not a breakout.
My bias: NEUTRAL, leaning cautiously bullish. The daily flip is encouraging, but with the shorter timeframes bearish and Smart Money still sidelined, this isn’t a market to chase. It’s one to watch confirm.
What I’m watching: Whether $63,725 holds as support on a closing basis, and whether Smart Money flow flips to IN or BALANCED. That combination is what turns this from indecisive chop into a real setup for a push back toward $66K.
Don’t force a trade into the noise. Let the daily strength either get confirmed by the shorter timeframes or fade, and let Smart Money show its hand before sizing in.
Support: $63,725 | Resistance: $66,000
Signals powered by EngineeringRobo AI
Ethereum continues to be the standout, holding at $1,937.72 and pressing right up against the $1,944 to $2,011 resistance zone that’s capped its recovery. The daily and 3H timeframes are both bullish, and the multi-timeframe read is neutral-to-bullish overall, a real step up from the outright bearish backdrop Bitcoin is dealing with right now. The 45M and 15M timeframes are still bearish, so there’s short-term chop to work through, but the bigger picture keeps leaning ETH’s way.
RSI is neutral at 60.2, meaning there’s still room to run before this gets overbought. Correlation to BTC remains extremely high at 0.87, so ETH isn’t decoupling entirely, it’s just outperforming within the move. Smart Money flow is currently BALANCED, an improvement from OUT, and the first sign that bigger money may be starting to engage again.
My bias: CAUTIOUSLY BULLISH. The daily and 3H strength, combined with Smart Money shifting to balanced, makes this the more constructive of the two charts this week. The resistance zone just overhead is the one real obstacle left.
What I’m watching: A confirmed close above $1,944. That’s the level that’s capped this move, and clearing it with volume opens the door to $2,011 and then $2,000 psychological territory becoming the floor instead of the ceiling. Smart Money flipping from BALANCED to IN would confirm the move is real.
This is the chart to watch closely into next week.
Support: $1,900 | Resistance: $1,944 → $2,011
Signals powered by EngineeringRobo AI
Blockchain Futurist Conference returned home to Toronto for its 9th edition, bringing together 250+ speakers and thousands of attendees at the Rebel Entertainment Complex and Cabana Pool Bar. The LARGEST Blockchain & AI event in Canada.
Over 60 sponsors were on site, including Deloitte, KPMG, Wealthsimple, Polymath, and Robinhood, a real signal of how mainstream this space has become. A few announcements stood out: AiraPay CEO Jonathan Han demoed the company’s payment tech live on the Main Stage, APX Lending’s Andrei Poliakov teased what’s next for the Official Crypto-Backed Lending Partner of Canada Crypto Week, and FTS Cayman officially launched Cayman Ledger, a new magazine covering blockchain, fintech, and Web3.
Mark your calendar: the Futurist Conference roadshow heads to Florida next, November 17-18, 2026, at the Seminole Hard Rock Hotel & Casino in Hollywood, FL, for its second annual U.S. edition.
Ashton’s Fireside Chat with Brave Browser
I sat down with Drew for a fireside chat on where Brave is headed. We covered Brave’s product roadmap, the new BAT token integrations rolling out across the ecosystem, and the Brave Wallet’s expansion into a physical card, bringing crypto spending into everyday life. Drew also shared that Brave has crossed 120 million users and is still growing fast. On a personal note, I’ve been a Brave user for almost ten years now, so getting to talk shop with the team behind it never gets old.
The Original DePIN Protocol — Now with Its Own Layer One
10M+ nodes. A decade of proof-of-work. XYO’s Layer One is built for high-volume data, AI infrastructure, and real-world asset tokenization, with dual tokens $XYO and $XL1.
🔥 Big week for XYO: Crypto.com just listed both $XYO and $XL1, adding institutional-grade custody and deep liquidity through Crypto.com Custody. The listing lands right after Crypto.com‘s $20B valuation on a $400M raise backed by Citadel Securities, putting XYO alongside the traditional finance players moving into digital assets. Read the full story →
Filtered for signal, not noise. CCS articles linked where we’ve covered it in depth.
⭐⭐⭐ Bitcoin ETFs post ~$900M in inflows — largest week since May. BlackRock’s IBIT led with nearly $475M across the week. Institutional demand is back. But BTC dipped below $65K as the US escalated strikes on Iran and Brent crude surged past $100/barrel.
⭐⭐⭐ CLARITY Act has until August 7. Polymarket odds down to 33%, Galaxy Research cut to 30%. Sens. Murphy, Van Hollen, and Merkley formally opposed the July 22 draft over its ethics provision. Thune says it may not get floor time before recess.
⭐⭐⭐ Crypto.com now lists $XYO and $XL1, adding institutional-grade custody through Crypto.com Custody. The move comes on the heels of Crypto.com‘s $20B valuation and $400M raise with Citadel Securities participating, another sign of TradFi moving deeper into DePIN. Full story →
⭐⭐ Bitmine now holds 4.8% of all ETH supply and is targeting 5%. Tom Lee’s company owns ~5.78M ETH worth ~$10.9B. This week’s purchase was the smallest since launch, pivoting instead to share buybacks.
⭐⭐ Strategy raises $263.5M selling MSTR shares, bolsters USD Reserve to $3.2B. Michael Saylor’s pivot from pure Bitcoin accumulation to active treasury management continues to pressure the stock, now down 77%+ over the past year.
⭐⭐ Uniswap hits $4.5T in all-time protocol volume. Robinhood Chain crossed $6B in Uniswap volume including a $1B+ single day. New AI trading tools live: DCA bot, index rebalancer, and copy-trade wallet mirroring.
We need to keep this momentum going. Bitcoin holding its range and Ethereum pushing toward $2K is exactly the setup we want heading into the back half of the year, and a real breakout above $2K on ETH could pull the whole market deeper into a Q3 run. But let’s not get ahead of ourselves. The CLARITY Act is shaping up to be a make or break event, and however the Senate lands on it in the next two weeks could be the thing that pushes this market decisively in one direction or the other. Stay sharp out there.
See you next week.
Ashton Addison
CEO, Crypto Coin Show
© 2026 Crypto Coin Show.
This publication is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. Investments in cryptocurrencies involve significant risk including loss of capital. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.