Senate Stall on CLARITY Act Puts Crypto’s Biggest 2026 Catalyst at Risk

Bitcoin was trading near $64,650 on July 30, pinned inside the $60,000–$65,000 range it has occupied for months, while JPMorgan analyst Nikolaos Panigirtzoglou delivered a pointed verdict in a fresh client note: declining odds of the Digital Asset Market Clarity Act (CLARITY Act) becoming law this year are a direct headwind for the entire crypto market.

The question the note forces every institutional allocator to answer is this: does US regulatory stagnation keep sidelining capital, or does a last-minute Senate push before the August 8 recess change the calculus?

As of today (July 31), Bitcoin is trading just under $64,000, up +0.4% over the past 24-hours but now struggling to break through this newly formed resistance level. Daily trading volume for BTC USD sits at $28.1Bn.

JUST IN: JPMorgan says failure to pass the Clarity Act will hurt crypto markets.