Bitmine chairman Tom Lee mentioned on CNBC on Monday that crypto is recovering as a result of it’s being embraced exterior america. Europe, Japan, and Russia are passing CLARITY Act-like payments to manage the trade, which has spurred market momentum, he mentioned.
Lee believes when this occurs within the US, it should supercharge the market, which can turn out to be the programmable software program layer of cash.
“As a result of crypto is popping cash into software program, a whole lot of issues can flip into cash,” he mentioned. As soon as that occurs, issues like loyalty factors and fame might begin behaving rather a lot like cash – particularly within the fingers of AI brokers, considered one of crypto’s killer use instances.
Because of this CLARITY Act issues greater than many understand https://t.co/sckumOwJxa
— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) July 27, 2026
Key Crypto Invoice Nonetheless In Limbo
BlackRock Senior Managing Director and World Head of Market Growth Samara Cohen echoed the sentiment, stating that the measure is an “essential step towards establishing a regulatory framework for digital property that places buyers first.”
She added that the invoice would “assist america form the subsequent period of market construction — supporting innovation whereas preserving the transparency, resilience and investor protections that preserve the US the worldwide chief in capital markets.”
The CLARITY Act handed the Home in July 2025 with robust bipartisan assist and superior out of the Senate Banking Committee on Might 14, 2026.
Nonetheless, current negotiations have centered on an ethics and conflict-of-interest part barring the president and members of Congress from issuing or sponsoring digital property. A merged Senate textual content was launched on July 22, incorporating ethics provisions.
Senate Majority Chief John Thune mentioned on July 23 that he doesn’t anticipate the invoice to achieve a vote earlier than the summer season recess, with ethics remaining the primary sticking level.
No flooring vote is at the moment scheduled, so the sensible deadline for 2026 passage is earlier than the Senate’s August recess, round August 7. Lacking it will probably push motion into the post-midterm “lame-duck” interval or into 2027.
“The procedural steps … make ending earlier than recess extraordinarily tough,” mentioned coverage relations marketing consultant Anne Kelley.
“I do know many individuals are upset it received’t clear by early August. That doesn’t imply CLARITY is finished for the yr.”
Opposition Desires Extra Concessions
“It does sound like a whole lot of concessions got, however those that oppose the invoice nonetheless wish to extract one thing else,” mentioned Lee, who remained hopeful that “something might occur.”
In a separate submit, Lee listed a number of the main monetary establishments supporting the CLARITY Act, which included Goldman Sachs, BlackRock, Constancy, Franklin Templeton, and Charles Schwab. “Congress must act and go this invoice,” he mentioned.
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