Fidelity, managing $7.1 trillion, publicly urged the Senate to pass the CLARITY Act. That's the biggest institutional voice yet for the bill, and it could shift the conversation from crypto skepticism to mainstream legitimacy.
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.
Crypto politics deepen
The CLARITY Act has a new heavyweight supporter, but the political calculus is getting messier.
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.
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.
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.
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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WLD Plunges 10% Despite $52.5 Funding Round, BTC Struggles at $64K: Weekend Watchbitrss.com
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South Korea's SK Hynix, Samsung Elec sign $950 bln partnership with US big techwww.reuters.com
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Trump’s Tariffs Are Likely to Stick Around Despite Unpopularitywww.bloomberg.com
President Donald Trump’s latest tariffs are drawing anger from trading partners and voters, but the leverage and revenue they offer could make it hard for future presidents to fully give them up
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The Houthis claimed to have struck Saudi Arabia with missiles on Saturday morning, as the Iran-backed group deepens its involvement in the Middle East war.
Vernon Hills toy manufacturer sues Trump administration again over new round of tariffswww.chicagotribune.com
Vernon Hills toy manufacturer sues Trump administration again over new round of tariffs
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