Crypto Currents: Trump says Senate should pass Clarity Act

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio. TRUMP SAYS SENATE SHOULD PASS CLARITY ACT: In a Monday post on Truth Social, President Donald Trump said, "In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act. China, and many other countries, would like to take complete and total control of this major financial 'happening,' as well as A.I., where we are now leading, but where they are fighting hard. Don't let China win on either subject!!!" Circle Internet (CRCL) and Coinbase (COIN) shares moved higher following the post. Following the post, TD Cowen said it expects to see an updated version of the Clarity Act bill that combines updated language from the Senate Banking and Senate Agriculture committees as the Senate returns this week and sees the legislation hitting the floor as soon as the week of July 20. While the firm believes there is pressure for the Senate to act.