Weekly Onchain Politics (July 20 - 26, 2025)

🔥🏛️ Huge momentum for market structure! Key Senators released a discussion draft for the CLARITY Act on July 22, a critical step toward sensible rules and away from SEC overreach.

✅💰 A House funding bill advanced on July 21 blocks work on a surveillance-style CBDC. It also directs the Treasury to study creating a Strategic Bitcoin Reserve, a massive step for US adoption.

❌🏦 The fight continues. Gemini's co-founder reported on July 25 that JPMorgan is de-banking them for speaking out about the bank’s new fee structure for fintechs trying to integrate, a clear example of anti-competitive behavior.