The Digital Asset Market Clarity Act cleared the House (294-134) and Senate Banking Committee (15-9). A procedural vote is scheduled for September 15. The bill defines whether crypto assets are securities or commodities.
The rally triggered a record $2.74 billion in short liquidations—the largest on file since 2021. Bearish traders betting on Bitcoin declines were forced to cover positions as prices spiked.
The U.S. Treasury's decision to double long-term bond buybacks to $4 billion signals policy support for risk assets. This macro backdrop is supporting Bitcoin and broader crypto as investors rotate into inflation hedges.
Bitcoin ETF inflows hit multi-month highs in August 2026. On August 20-21 alone, institutional investors added $517 million to spot Bitcoin funds—signaling confidence in the regulatory clarity narrative.
The CLARITY Act needs 60 Senate votes to advance. Passage would be transformative, defining regulatory boundaries for crypto. Failure could trigger a correction as clarity-driven optimism unwinds.
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