A year after the U.S. House of Representatives passed the CLARITY Act, it has yet to advance in the Senate. On July 17, House members held a hearing at the Federal Hall National Memorial in New York to discuss how the bill could establish clearer rules for the digital asset market. House Majority Whip Tom Emmer stated that nearly 80 Democrats and Republicans jointly passed the CLARITY Act, but the Senate has not yet made measurable progress. Representatives from Nova Labs, Bullish, WisdomTree, and Coin Center participated in the hearing. House Financial Services Committee Chairman French Hill stated that while GENIUS and dollar-backed stablecoin laws exist, the lack of a market structure bill leaves the digital asset ecosystem without a supporting regulatory framework. Senator Cynthia Lummis stated on July 14 that the Senate version of the CLARITY Act is ready, and the text will be released within days.

Odaily Planet Daily reports that Mike Novogratz has called for bipartisan compromise to advance the Clarity Act. Galaxy Digital CEO Mike Novogratz stated that the Clarity Act is crucial to America's future, and currently only the wording of the ethics-related clauses remains to be polished. He emphasized that the American people will not allow politicians to have special advantages in financial investments that ordinary citizens do not possess, a point both Republican and Democratic lawmakers are aware of, and both sides have reviewed relevant polling data. He urged both parties to recognize the current public opinion climate, with Republican senators needing to exert further pressure on the White House, and Democratic senators understanding that a single digital asset bill cannot solve all levels of corruption across the country. Congress must demonstrate to the public that it can still fulfill its duties and advance legislation in the long-term interests of the American people.

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Odaily Planet Daily reports that Coinbase CEO Brian Armstrong stated that self-custodial wallets are the only way to make the open financial system reach over 1 billion users. He pointed out that alternatives like the Coinbase App work well in developed countries with clearer regulations, but the US only accounts for 4% of the global population. Armstrong stated that self-custody reduces friction in account opening and registration, is available globally, and scales through software, rather than establishing regulated entities and local teams in each country. He also pointed out that AI agents are better suited to access funds and complete tasks in a self-custodial format, and even in developed countries, self-custody is important for economic freedom. Former Base head Jesse Pollak previously announced his resignation, handing over Base to Jordan Fish. Pollak stated that Base will be built as a global financial blockchain, and under Cobie's leadership, Base will shift towards three core directions: trading, payments, and agency.

Odaily Planet Daily reports that Strategy founder Michael Saylor published a lengthy article on July 18th, listing 100 reasons to oppose BIP 110. He stated that the proposal would restrict a type of controversial but currently valid transaction through Bitcoin consensus rules, constituting governance intervention in the use case. BIP 110, short for "Reduced Data Temporary Softfork," was listed as Complete on GitHub on June 25, 2026. The proposal is planned to run for approximately one year, adding seven new consensus restrictions, including an 83-byte limit on OP_RETURN output, a 256-byte limit on some payloads and witness items, and restrictions on some Taproot-related structures. Michael Saylor pointed out that BIP 110 uses a 55% miner signal threshold, lower than the 95% threshold in the BIP 9 standard process, and removes regular timeouts and FAILED states. He believes that using a lower threshold for controversial rule changes increases the probability of chain splits and may affect miner fee revenue and long-term network security. He stated that existing Bitcoin relay and mining strategy tools already allow node operators and miners to restrict unwanted transaction types without altering the network's consensus rules. Michael Saylor also asserted that the Bitcoin base layer should remain conservative and opposes the use of consensus soft forks to regulate controversial use cases.