senate banking committee votes on the CLARITY Act tomorrow 10:30am ET. the staking carveout defines staking as "administrative or ministerial activity," not a security. LDO, RPL, and EigenLayer go from legally ambiguous to explicitly protected if this passes committee. $31b in liquid staked ETH has been trading under regulatory overhang since the SEC started targeting staking in 2023. bill has bipartisan support, yield issue resolved, white house targeting july 4 signing. 100+ amendments filed but the staking language survived every draft. the entire liquid staking sector is priced for uncertainty that could evaporate in 24 hours

Elizabeth Warren filed 40 amendments in 24 hours to the Clarity Act for markup tomorrow. Can you imagine being another member of the Senate Banking Committee and having to sit through votes on 40 amendments because she decided to be difficult?

BA’s Chief Policy Officer, @lindsayfraser0 is currently briefing Senate Staff on each title of the Clarity Act ahead of tomorrow’s Senate Banking Committee markup. Thank you to our members @SolanaInstitute and @coinbase, as well as @fund_defi, for joining us to present.

Another massive week for PayFi and for the partners building alongside us. Headlines ↓ 1️⃣ @SolanaFndn, @Ripple, Visa, and Mastercard join x402 Foundation, pushing open payment standards and agentic platforms. 2️⃣ SBI Group and @DigiFTTech launched JX, bringing Japanese capital markets to Solana, enabled by ecosystem participants including Huma. 3️⃣ @galaxyhq launched GOFR (Galaxy Onchain Financing Rate), enabling borrowing at an optimized blended rate across top DeFi venues. 4️⃣ @HSBC and Marketnode completed Hong Kong’s first tokenized structured product issuance, testing tokenization across issuance, PayFi, and servicing. 5️⃣ The House Financial Services Committee holds a CLARITY Act field hearing tomorrow, pushing the market structure bill toward a Senate vote. 6️⃣ JCB and @Circle are exploring USDC for cross-border payments and merchant transactions. 7️⃣ @Tether led a $7M round in Pact Labs to grow adoption of USAT. 8️⃣ @dragonfly_xyz and @firstmarkcap co-led @velocityxyz_ $38M round, backing a platform that lets companies hold and settle funds in stablecoins across existing banking rails.

President Trump is expected to meet with senators tomorrow to address the Clarity Act's unresolved ethics provisions, the biggest remaining obstacle to passing the crypto market structure bill. With the Senate's summer recess approaching in early August, time is running short to finalize a deal. Read more from @jesseahamilton on @CoinDesk 👇

🚨 UPDATE: The US Senate tomorrow will gavel into the first PRO FORMA session of recess. They’re on recess for 5 weeks. There will be nearly one dozen pro forma sessions until recess is OVER. Mike Lee and Rick Scott are still relentlessly pushing the SAVE America Act so our elections are secured for years to come 🇺🇸 DON’T EVER BACK DOWN, PATRIOTS Remember, 2028 is coming too. This has to become law. We need secure elections forever. GET IT DONE!

🚨🗞️NEW: Crypto Industry Sees Progress in Clarity Act Ahead of Pivotal Senate Banking Vote Inside the final push ahead of tomorrow’s Clarity Act markup, from bank lobbying to amendments and ethics negotiations, plus our interview with @cz_binance. ⬇️

🇺🇸 UPDATE: Senate bipartisan talks on the Clarity Act broke down over last-minute disagreements, with tomorrow's markup now expected to be partisan, Eleanor Terrett reports.