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- 😋The CLARITY Act Is 'Ready For Prime Time'
😋The CLARITY Act Is 'Ready For Prime Time'
Plus, what's going on with Bitmine's multi-billion dollar loss?
Ivan
July 15, 2026
Happy Wednesday!
Bitcoin Senator Cynthis Lummis is a prominent backer of the CLARITY Act. And the bill is ready for ‘prime time’, according to the Wyoming Republican.
Bitmine has posted a stunning $9 billion loss in Q2 2026, but is up $45 million in real revenue. What do these numbers mean for BMNR?
Plus, take part in our weekly trivia contest to win prizes such as Benzinga PRO and Benzinga EDGE. Scroll down for all the details.
TOP STORY
Cynthia Lummis says the CLARITY Act is "ready for prime time" and could hit the Senate floor as early as the week of July 20.
But Lindsey Graham's sudden death and a packed legislative calendar are squeezing the window before the August 7 recess.
President Donald Trump posted on Truth Social calling on the Senate to pass the bill in Graham's honor, framing it as a competition with China over financial and AI dominance.
The sticking point remains ethics language — Democrats want provisions targeting digital asset holdings for Trump and members of Congress…
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MARKET MINUTES
Ethereum has rallied above $1,900 and could even be a better long-term bet than Bitcoin, according to analysts. Here’s why they suddenly like ETH.
Dogecoin, Shiba Inu have seen over $1.2 billion in sell pressure since fall of 2025. Why are memecoins suddenly so unpopular?
Bitcoin is back above $65,000 on cooling consumer and producer price inflation. Is this the start of a much bigger rally?
FINTECH FOCUS
BitMine has posted a 22x revenue surge to $46.5 million as its Ethereum staking machine exploded from zero to $45.7 million in quarterly revenue.
This masks a staggering $9.1 billion nine-month paper loss driven almost entirely by ETH price markdowns.
The company now holds 5.77 million ETH — the world's largest Ethereum treasury at $10.2 billion, representing 4.8% of the entire ETH supply.
Chairman Tom Lee projects annualized staking revenue of $242 million, potentially reaching $284 million at full deployment.
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