Crypto’s New Dawn: CLARITY and Bitcoin Reserves to Rescue Markets?

What is missing in crypto is not demand. ETFs took in nearly $1 billion over two trading days this week, lifting cumulative inflows to $59.7 billion. What has been missing is the policy backdrop. Two specific developments now look likely to provide it before summer ends: a credible path for the Digital Asset Market Clarity (CLARITY) Act, and a long-awaited update on the US Strategic Bitcoin Reserve. Either alone would matter. Together, they describe the closest thing to a policy clearing event the asset class has had since spot ETFs were approved in 2024.






