White House · CLARITY Act · Galaxy Digital · US Senate · Cointelegraph
Data of 54,000 wallet users leaked, CLARITY odds just 10%: Hodler’s Digest
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Owners of Trezor and SafePal crypto wallets at high risk of phishing attempts after separate data leaks, CLARITY odds at 10% despite White House meeting this week.
Key facts
- At the end of the week, Bitcoin (BTC) is down 3.3% to trade at $62,842, Ethereum (ETH) is down 2.3% to trade at $1,872 and XRP (XRP) is down 4.2% to 99 cents
- The top three altcoin losers of the week are Uniswap (UNI) which was down 18%, Aptos (APT) down 12% and Pepe (PEPE) down 11%
- Bitcoin could bottom in October before recovering to around $130,000 in 2028, according to Swan Bitcoin CEO Cory Klippsten
- He told Cointelegraph that Bitcoin could fall to $57,000, or even $53,000, before a quick recovery, and could reach around $130,000 ahead of the 2028 halving
Summary
Galaxy Digital has lowered its estimate of the CLARITY Act’s chances of passing in 2026 to 10%. Multiple political issues remain unresolved and the Senate only has 14 days in session to pass the bill after it reconvenes on Sept. 14. Unless an initial motion to proceed vote occurs immediately upon lawmakers’ return to Washington, there would only be enough time for the CLARITY Act to pass if it “dominates the entire working session,” wrote Galaxy head of research, Alex Thorn. If the bill doesn’t pass, the SEC and CFTC plan to step into the breach by issuing their own rules for crypto markets.