News Block: CLARITY Act Faces Critical Test, Saylor Shares 110 Reasons Why BIP-110 Is a Bad Idea, Lyn Alden & Jeff Booth Launch $40M Bitcoin Company — Key Takeaways
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News Block: CLARITY Act Faces Critical Test, Saylor Shares 110 Reasons Why BIP-110 Is a Bad Idea, Lyn Alden & Jeff Booth Launch $40M Bitcoin Company
Natalie Brunell8mJul 20, 2026
Listen to the originalThe Clarity Act — NYDIG's top industry catalyst — faces a 32% passage probability as Senators Galego and Brooks block it over ethics rules tied to Trump's $1.4 billion crypto income disclosure, with Senate Majority Leader Thune's August 7th deadline fast approaching.
Key takeaways
Tether froze $131M in USDT tied to Iran's central bank; Bitcoin has no equivalent freeze mechanism
Tether froze $131M in USDT tied to Iran's central bank; Bitcoin has no equivalent freeze mechanism
- U.S. Treasury sanctioned four wallets; Tether blacklisted them instantly — stablecoins carry issuer control risk Bitcoin doesn't.
Crypto Clarity Act stalls: ethics clause over Trump's $1.4B crypto income is the blocker
Crypto Clarity Act stalls: ethics clause over Trump's $1.4B crypto income is the blocker
- Senators Galeo and Brooks won't vote yes without ethics restrictions on officials profiting from crypto.
- Prediction markets put 2025 passage odds at 32%; Senate must act before Aug 7 recess or it likely dies this year.
BIP-110 has under 1% miner support but its real stakes are about Bitcoin's rule-change precedent
BIP-110 has under 1% miner support but its real stakes are about Bitcoin's rule-change precedent
- Saylor: Bitcoin can't distinguish data types, so any rule blocking 'unwanted' data opens the door to future censorship.
- Lynn Alden: BIP-110 wouldn't work — data would reroute into other transaction parts, possibly messier.
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In this episode
- 1mBitcoin Price & Geopolitical Context
- 1mCrypto Clarity Act: Status and Obstacles
- 2mLedin Sponsorship
- 3mBIP-110: Bitcoin's Internal Rule Debate
- 4mSaylor and Alden's Cases Against BIP-110
- 6mWhat BIP-110 Reveals About Bitcoin's Governance
- 7mRapid Fire: Orange Juice, Citadel, and Treasury Sanctions
“Bitcoin does not need guardians of purity. It needs guardians of neutrality.”
— Michael Saylor
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