Crypto News Today: CLARITY Act Odds Sink to 39% as Trump’s $1.4B Crypto Disclosure Fuels Ethics Fight

Last Updated: July 6, 2026

CLARITY Act passage odds sank to 39% on Polymarket after President Trump disclosed $1.4 billion in crypto-related income, reviving Democratic calls for conflict-of-interest provisions in the bill just weeks before Congress’s August recess. The news lands alongside a broadly recovering market: Bitcoin holds near $62,800, up roughly 5% on the week, while Ethereum, XRP, and Solana have each posted double-digit weekly gains.

Key Takeaways

• CLARITY Act passage odds fell to 39% on Polymarket as of July 1, down sharply after Trump’s disclosure of $1.4 billion in crypto-related income reignited ethics concerns
• The bill was not signed by its original July 4 target; lawmakers now have roughly three legislative weeks before the August recess to reconcile Senate and House versions
• Bitcoin trades near $62,800, up about 5% on the week; Ethereum, XRP, and Solana are each up more than 9%
• Zcash’s Tachyon upgrade aims to scale shielded payments and improve quantum readiness, part of a broader wave of network upgrade news this week
• Ondo Finance continued expanding tokenized traditional assets on Ethereum, following its earlier launch of tokenized IVV and Micron stock products

CLARITY Act News Today: Odds Fall as Ethics Fight Resurfaces

The CLARITY Act’s path to law grew more uncertain this week. Polymarket data showed the odds of the bill being signed into law in 2026 falling to 39% on July 1, a new low, after President Trump disclosed more than $1.4 billion in crypto-related income — including over $635 million from licensing deals tied to the TRUMP meme coin and additional sums from WLFI token sales and USD1 stablecoin activity. The disclosure intensified calls from Senator Elizabeth Warren and other Democrats for conflict-of-interest provisions in the bill; an earlier Senate Banking Committee amendment restricting the president and Congress members from crypto business participation had already failed to pass.

The bill was not signed into law by July 4 as the White House had targeted earlier this year. With Congress adjourning ahead of the July recess and roughly three legislative weeks remaining before the August break, analysts including those at Jefferies and Galaxy Digital have progressively cut their passage odds, citing a tight Senate calendar and unresolved disagreements over stablecoin yield rules and illicit finance provisions. Failure to pass before the August recess risks pushing the bill into 2027 or later, particularly if control of Congress shifts after the midterm elections.

SEC Crypto ETF News Today

Regulatory attention also remains focused on the SEC’s evolving approach to digital asset ETFs beyond Bitcoin and Ethereum. Institutional demand for altcoin-linked ETF products has grown more visible in recent weeks, with market participants continuing to watch for further guidance on staking-enabled structures and additional asset classes beyond the two largest cryptocurrencies. For the latest developments specific to Bitcoin ETF flows, see Bitcoin News Today.

Ripple News Today

XRP continues to draw attention on both price and regulatory fronts. The token is trading near $1.14, up roughly 9% on the week after reclaiming the closely watched $1.10 level. Institutional views remain split: Standard Chartered recently cut its 12-month XRP price target from $8 to $2.80, citing stalled ETF inflows, even as on-chain activity — including wallet creation and whale accumulation — has strengthened. For the full breakdown, see XRP News Today.

Market Snapshot

Asset	Price	7d Change
Bitcoin (BTC)	$62,642.67	+5.06%
Ethereum (ETH)	$1,756.64	+12.15%
XRP	$1.14	+9.24%
Solana (SOL)	$80.36	+10.63%

Source: CoinDesk, CoinMarketCap

Zcash’s Tachyon Upgrade Advances Shielded Payments

Outside of regulatory headlines, Zcash’s Tachyon upgrade is progressing as a notable technical development this week, aimed at scaling shielded (private) payments and improving the network’s quantum resistance. The upgrade is being watched as a test of whether Zcash’s funding, security, and governance structures can support a significant technical overhaul — a template other privacy-focused networks may look to as quantum computing concerns grow across the broader crypto industry.

Ondo Finance Expands Tokenized Assets on Ethereum

Ondo Finance’s push into tokenized traditional assets continues to gain traction, following its recent launch of tokenized products tracking BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron stock directly on Ethereum. The expansion reinforces Ethereum’s position as a primary settlement layer for tokenized real-world assets, a trend that has accelerated alongside the network’s broader institutional adoption push this year. For more on Ethereum’s recent developments, see Ethereum News Today.

What This Means for the Days Ahead

The CLARITY Act’s shrinking odds are likely to remain the dominant regulatory storyline through the August recess deadline. A failure to advance the bill in the coming weeks would extend the regulatory uncertainty that has shaped institutional crypto adoption for years, while a surprise breakthrough — however unlikely at current odds — would likely trigger a sharp repricing across major assets, based on the market reaction seen after the bill’s earlier committee vote in May. Traders should also watch for continued tokenization announcements from Ondo and similar platforms, which have emerged as a steady adoption narrative independent of the legislative timeline.

This article is for informational purposes only and does not constitute financial advice.