Jul 23 — Clarity Act, ETF flows, and L2 growth in focus

QuantAlpha Digital Asset Update · Jul 22, 2026 · 3m

• The Clarity Act's full draft includes a provision barring Trump from crypto ventures through 2029 — that ethics clause may be the deciding factor in whether the bill passes the Senate. • SEC Commissioner Hester Peirce signaled that actively managed DeFi vaults and onchain lending protocols like Morpho and Euler could fall under securities law — reshaping compliance expectations for the sector. • Spot Bitcoin ETFs logged their strongest institutional inflow shift of the year, but the rally appears driven by short covering rather than fresh buying, leaving the move potentially fragile.