Crypto News Today: CLARITY Act Odds Slide to 38%, Jack Mallers Resigns, Bitcoin Quantum Push Gets Backing

Last Updated: July 24, 2026

Crypto news today is dominated by the CLARITY Act’s deteriorating Senate outlook: prediction markets have cut implied 2026 passage odds to 38%, down from 46% a day earlier, after Senate Democrats criticized the latest draft and Majority Leader John Thune acknowledged the bill will likely miss its pre-recess deadline. Elsewhere, Jack Mallers stepped down as CEO of Twenty One Capital following the collapse of a proposed three-way merger with Tether and Elektron Energy, and BlackRock, Coinbase, and Strategy joined a new group pledging $15 million to prepare Bitcoin for quantum computing threats.

Today’s Top Stories

• CLARITY Act odds fall to 38%. Senate Democrats criticized the latest draft’s ethics and consumer-protection language as insufficient, and Senate Majority Leader John Thune said the bill will likely miss its pre-recess window, though he hopes to at least start the floor process beforehand. White House crypto adviser Patrick Witt maintains the first week of August still has potential. Polymarket’s implied 2026 passage odds fell from 46% to 38% in response.
• Jack Mallers resigns as Twenty One Capital CEO. The move follows the collapse of a proposed three-way merger between Twenty One Capital, Tether, and Elektron Energy, ending Mallers’ leadership of the Bitcoin-focused venture.
• BlackRock, Coinbase, and Strategy back Bitcoin quantum-readiness effort. The three firms joined a new industry group pledging $15 million toward preparing Bitcoin’s cryptography for future quantum computing threats, an early but notable institutional commitment to a long-term technical risk.
• Crypto industry has spent nearly $200 million on pro-crypto legislation. Ongoing lobbying and advocacy spending underscores how much is riding on the CLARITY Act and related market-structure bills for the industry’s regulatory future.
• Bitcoin ETFs extend inflow streak to seven days. Despite today’s price pullback, Bitcoin ETFs have now logged seven consecutive days of net inflows, a positive signal on underlying institutional demand.

CLARITY Act: Where Things Actually Stand

The bill’s outlook has darkened notably over the past 48 hours. After earlier optimism around a reported White House ethics-package agreement, Senate Democrats pushed back hard on the latest draft, arguing it falls short on both ethics language and consumer protections. Senate Majority Leader Thune has since acknowledged the bill will probably miss the pre-recess deadline, though he says he hopes to get the floor process started before lawmakers leave for the break. White House crypto adviser Patrick Witt has publicly pushed back on the more pessimistic read, maintaining that the first week of August still offers a realistic path. For asset-level market reaction, see Crypto Market Today.

Industry and Institutional Roundup

The Bitcoin quantum-readiness pledge from BlackRock, Coinbase, and Strategy reflects a longer-term institutional concern distinct from this week’s regulatory drama — quantum computing’s eventual ability to break current cryptographic standards is a known, if distant, risk to Bitcoin’s security model, and early institutional funding signals the issue is being taken seriously well ahead of any practical threat. Separately, Jack Mallers’ exit from Twenty One Capital follows a failed merger attempt, leaving the Bitcoin-focused venture without its founding CEO at a pivotal moment for the broader Bitcoin treasury company sector.

What This Means for the Days Ahead

The CLARITY Act’s Senate floor timeline remains the single biggest story for the next one to two weeks, with expectations now more tempered than they were even a few days ago. Expect continued scrutiny of whether Thune schedules any floor action before the recess, and watch for further institutional commitments in the vein of the Bitcoin quantum-readiness pledge as firms position for longer-term technical risks. For daily price action across major assets, see Bitcoin News Today, Ethereum News Today, and XRP News Today.

Compare Crypto Prices Today

Asset	Price	24h Change
Bitcoin	$65,104.61	-0.85%
Ethereum	$1,883.57	-2.29%
XRP	$1.11	-2.27%
Solana	$75.61	-2.43%
BNB	$567.30	-0.56%
TRON	$0.3309	+1.04%

Where to Buy Crypto

Crypto can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit.

This article is for informational purposes only and does not constitute financial advice. Always conduct independent research before making investment decisions.