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financeSaturday, July 25, 2026

Fidelity pushes CLARITY as Senate crypto rift widens

The CLARITY Act is back in focus, but not in a way that signals smooth passage. Fidelity's public endorsement gives the bill a powerful institutional backer, while a new piece from The Intercept shows how Trump's crypto dealings are splitting Senate Democrats. The crypto story is no longer just about regulation, it's about political survival ahead of the midterms.

Sources
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Crypto politics deepen

The CLARITY Act has a new heavyweight supporter, but the political calculus is getting messier.

#02theintercept.comJul 25
0
Trump’s Crypto Corruption Puts Centrist Democrats in Bind

The Intercept reports that seven progressive Senate Democrats oppose the latest CLARITY draft because it doesn't address Trump's crypto self-enrichment. Moderate Democrats are caught between anti-corruption optics and crypto industry donations, a real midterm vulnerability.

5 min readRead original

Bond market shift

One of the biggest calls of the year on Treasuries comes from BofA, while Social Security's trust fund timeline gets real.

#03bit.lyJul 25
0
BofA sees 5-year Treasury bond bear market ending

Bank of America says the five-year bear market in long-term Treasuries may be ending, but not for the usual reasons, no rate cuts or recession required. That's a contrarian call worth watching.

#04www.theatlantic.comJul 25
0
The Social Security Reckoning Is Finally Coming

The Atlantic makes the case that Social Security's trust fund depletion is no longer a distant problem. Sixteen years of payouts exceeding income means the reckoning is finally arriving, and politicians can't kick the can much longer.

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