Bitmine chairman Tom Lee said on CNBC on Monday that crypto is recovering because it is being embraced outside the United States. Europe, Japan, and Russia are passing CLARITY Act-like bills to regulate the industry, which has spurred market momentum, he said.<\/p>\n
Lee believes when this happens in the US, it will supercharge the market, which will become the programmable software layer of money.<\/p>\n
\u201cBecause crypto is turning money into software, a lot of things can turn into money,\u201d he said. Once that happens, things like loyalty points and reputation could start behaving a lot like money \u2013 especially in the hands of AI agents, one of crypto\u2019s killer use cases<\/a>.<\/p>\n This is why CLARITY Act matters more than many realize https:\/\/t.co\/sckumOwJxa<\/a><\/p>\n \u2014 Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) July 27, 2026<\/a><\/p>\n\n BlackRock Senior Managing Director and Global Head of Market Development Samara Cohen echoed the sentiment, stating<\/a> that the measure is an \u201cimportant step toward establishing a regulatory framework for digital assets that puts investors first.\u201d<\/p>\n She added that the bill would \u201chelp the United States shape the next era of market structure \u2014 supporting innovation while preserving the transparency, resilience and investor protections that keep the US the global leader in capital markets.\u201d<\/p>\n The CLARITY Act passed the House in July 2025 with strong bipartisan support and advanced out of the Senate Banking Committee on May 14, 2026.<\/p>\n However, recent negotiations<\/a> have centered on an ethics and conflict-of-interest section barring the president and members of Congress from issuing or sponsoring digital assets. A merged Senate text was released on July 22, incorporating ethics provisions.<\/p>\n Senate Majority Leader John Thune said on July 23 that he doesn\u2019t expect the bill to reach a vote before the summer recess, with ethics remaining the main sticking point.<\/p>\n No floor vote is currently scheduled, so the practical deadline for 2026 passage is before the Senate\u2019s August recess, around August 7.\u00a0Missing it would likely push action into the post-midterm \u201clame-duck\u201d period or into 2027.<\/p>\n \u201cThe procedural steps \u2026 make finishing before recess extremely difficult,\u201d said<\/a> policy relations consultant Anne Kelley.<\/p>\n \u201cI know many people are disappointed it won\u2019t clear by early August. That does not mean CLARITY is done for the year.\u201d<\/p>\n \u201cIt does sound like a lot of concessions were given, but those who oppose the bill still want to extract something else,\u201d said Lee, who remained hopeful that \u201canything could happen.\u201d<\/p>\n In a separate post, Lee listed<\/a> some of the major financial institutions supporting the CLARITY Act, which included Goldman Sachs, BlackRock, Fidelity, Franklin Templeton, and Charles Schwab. \u201cCongress needs to act and pass this bill,\u201d he said.<\/p>\n The post BlackRock Backs CLARITY Act as Tom Lee Predicts Programmable Money Revolution<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitmine chairman Tom Lee said on CNBC on Monday that crypto is recovering because it is being embraced outside the United States. Europe, Japan, and Russia are passing CLARITY Act-like bills to regulate the industry, which has spurred market momentum, he said. Lee believes when this happens in the US, it will supercharge the market, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-205271","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/205271"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=205271"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/205271\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=205271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=205271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=205271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key Crypto Bill Still In Limbo<\/h2>\n
Opposition Wants More Concessions<\/h2>\n