--- title: 'OMG.. CLARITY Act Is About To BLOW UP Bitcoin!?' source: 'https://youtube.com/watch?v=sGlFlF-eJRo' video_id: 'sGlFlF-eJRo' date: 2026-08-06 duration_sec: 728 --- # OMG.. CLARITY Act Is About To BLOW UP Bitcoin!? > Source: [OMG.. CLARITY Act Is About To BLOW UP Bitcoin!?](https://youtube.com/watch?v=sGlFlF-eJRo) ## Summary The video discusses the urgency of passing the Crypto Clarity Act in the US Senate before the August recess, highlighting support from figures like Anthony Scaramucci and Goldman Sachs CEO David Solomon, opposition from Senator Elizabeth Warren, and broader market signals suggesting a Bitcoin bottom. ### Key Points - **Urgency of Clarity Act** [00:03] — The Crypto Clarity Act must pass the Senate before the August recess (starting August 10) to have a chance before midterms. Only 11 working days remain. Scaramucci believes it will pass if it reaches the floor, but if not, it dies. - **Scaramucci's Warning** [01:12] — Scaramucci warns that if the bill fails, companies like Coinbase (Brian Armstrong) may move operations offshore, hurting US crypto leadership. - **Goldman Sachs CEO Support** [01:42] — David Solomon calls on Congress to pass the Clarity Act, emphasizing the need for a clear regulatory framework for digital assets. - **Clarity Act Updates** [01:59] — The bill includes new crypto ethics rules, protection for developers, stablecoin rewards, stronger crime enforcement, and bankruptcy protection. Galaxy Digital's Alex Thorn calls it a good bill. - **Elizabeth Warren's Opposition** [02:41] — Warren urges a 'no' vote, claiming the bill lacks protections and enables criminals, cartels, and terrorists. She calls it a 'giveaway' and says it should be 'dead on arrival.' - **Trump's Response** [03:42] — Trump fires back, asserting the US must be number one in crypto, stating 'we want to stay in front in crypto.' - **RWA Tokenization Growth** [04:26] — Real-world asset tokenization projected to grow 100x in 4-5 years. Blockmaze is highlighted as a regulated ecosystem for tokenized RWAs, with 40 regulated authorizations and 11 tier-one licenses. - **Three Reasons for Clarity Act** [07:18] — Joe Shalom (ex-BlackRock) cites three reasons: clarity for DeFi developers (not liable for software), sentiment/momentum boost, and institutional 'seal of approval' enabling more participation. - **Crypto as Uber** [08:46] — Scaramucci compares crypto to Uber: governments hated Uber, but the people won. He believes crypto will eventually win despite resistance. - **BitMEX Shutdown** [09:29] — BitMEX, the OG Bitcoin derivatives exchange that invented perps, is shutting down after 11 years. This is seen as a bottom signal. - **Bitcoin Bottom Indicators** [10:12] — Scaramucci lists reasons Bitcoin has bottomed: terrible sentiment, RSI all-time low, fear index at 7/100, no supply, no interest, and Google searches down 55%. - **Bitcoin Security Consortium** [11:05] — Nine institutions including BlackRock, Fidelity, Coinbase, and Strategy pledge $15 million for Bitcoin security over three years. ### Conclusion The passage of the Clarity Act is critical for US crypto leadership, with strong support and opposition. Meanwhile, multiple indicators suggest Bitcoin may have bottomed, and institutional backing continues to grow. ## Transcript If it doesn't get to the floor, it dies a brutal death. >> Including crypto, we want to stay in front in crypto. They'd love to take that over. >> Only 11 more working days left for the >> Only 11 more working days left for the Senate to pass Crypto's Clarity Act. It needs to hit the Senate floor by next week. Summer recess begins August 10th through September 11th. This is literally it. The Crypto Clarity Act needs to happen before the November midterms, which means it needs to be put to vote in the Senate before August recess. Genius Act was passed a year ago. You've been hearing about Clarity Act for the past year, and the fact is Act for the past year, and the fact is it truly all comes down to the next 11 it truly all comes down to the next 11 working days. Anthony Scaramucci updates CNBC on the current state of the Crypto Clarity Act, saying he believes that if it goes to the Senate floor, it's going to pass. But if it doesn't get to the floor, it dies a brutal death. Listen. pass. That's my opinion, cuz I think a lot of the younger Democrats are not going to want to go up against the crypto bros and their packs come doesn't get to the floor, it dies a brutal death. And then guys like Brian Armstrong, after all the hours and time and energy that they put into this, they start building their businesses off the shore of the United States. >> Goldman Sachs CEO David Solomon also taking to the press today to make his position known. He's calling on Congress to advance Clarity Act now, saying it's time to establish a clear regulatory framework for digital assets. Goldman Sachs has big plans in crypto, and we need to push this through. You remember the Clarity Act just had its text updated for new crypto ethics rules, protection for crypto developers, stablecoin rewards, stronger crypto crime enforcement, and bankruptcy protection. Not everything was solved, of course, but according to Galaxy Digital's Alex Thorn, the Clarity Act is Digital's Alex Thorn, the Clarity Act is a good bill. It provides substantial new regulation and investor protection. It also encourages innovation and puts US at the center of the digital asset capital markets. Pass it. By the way, guys, my name is Aaron at Altcoin Daily. Smash the like button and make sure you subscribe. We keep you updated on everything crypto on a daily basis. The naysayers are coming out of the woodwork as well as Elizabeth Warren and her anti-crypto army. She just put herself on video saying, "Vote no on crypto clarity. Not enough protections are in place. This bill should be dead on >> Senate Republicans just released their updated version of the Clarity Act, a bill meant to regulate crypto, and it's going to a vote on the floor. That's a going to a vote on the floor. That's a glaring omission. It does not stop Donald Trump from cashing in on his presidency. This is our best chance to rein in President Trump's crypto corruption. If that's not bad enough, this latest draft bill would make it easier for criminals, oh, and cartels, and terrorists to move money and finance their operations. And it fails to protect investors and our financial system. Look, this isn't regulation. system. Look, this isn't regulation. This is a giveaway. This bill should be dead on arrival. >> Trump firing back at Elizabeth Warren and the naysayers saying, "No, you got it wrong. The US needs to be number one in crypto." Quote, "The United States never settles for second, including crypto. We want to stay in front in crypto. never settles for second, and we don't under this administration. I can tell we're the hottest country right now anywhere in the world. We live by the us very strong, and we're leading in AI and just about every other category. Uh including crypto, we want to stay in front in crypto. They'd love to take like to take over. They're highly competitive if you if you haven't >> Real-world assets and tokenization literally projected to grow by 100X over literally projected to grow by 100X over the next 4 to 5 years. If you're bullish on real-world assets and tokenization and understand that this is the future, you might want to get bullish on Blockmaze. Blockmaze is an Altcoin Daily channel partner. Blockmaze is the real-world blockchain. Understand the global investable asset market, think stocks, bonds, real estate, gold, is stocks, bonds, real estate, gold, is worth over 600 trillion. Right now, only around 40 billion of that has been tokenized. That's less than 1% of the total opportunity. Blockmaze is positioning itself as the largest regulated ecosystem for tokenized real-world assets built specifically to real-world assets built specifically to close that gap. So what makes Blockmaze different? Well, most RWA projects tokenize assets and ask you to trust them. Blockmaze does it differently. It has 40 regulated authorizations, including 11 tier one licenses across nine countries. This means tokenized assets on Blockmaze aren't just minted on chain. They're legally recognized by regulators in those regions. This is the key differentiator. Without verifiable legal ownership, there is no real underlying value. Blockmaze provides that through its licensing infrastructure. Issuers access the ecosystem via the BMZ launchpad, where they complete KYB verification before any asset touches the chain. Let's talk team and backing. Blockmaze is backed by Finvasia Group, a financial conglomerate founded in 2009 with brands including Shunya, one of India's largest commission-free trading platforms, and Zulu Trade, a global copy trading platform in 150 plus countries. The public leadership team, Tejinder Virk, co-founder and CEO, background in investment banking, wealth management, and cross-border regulatory frameworks. Puneet Mangal, co-founder and COO, background in global metals and commodity trade, and Sarjiev Virk, strategic advisor, co-founder of Finvasia Group, background in regulated financial platforms and trading infrastructure. And by the way, BMZ token has not launched yet, so there is no live price to reference. What exists is a published tokenomics blueprint, 10 billion total supply, founder allocation locked for 12 months, investing over eight years, stakers and validators receiving the largest slice at 20% BMZ demand is tied to real-world participation since issuers must bond BMZ to get verified. Stay ahead of the game, follow Blockmaze on X, and join their official Telegram. The smartest thing that the US could do right now is put the Clarity Act in place. Joe Shalom, CEO of Sharplink and Ethereum Treasure Company, former BlackRock, highlights three reasons why the passage of the Clarity Act will have a major impact on the crypto market and the broader digital asset industry. On the Thinking Crypto podcast, these three reasons just make sense. >> I think the Clarity Act is really important for two things. One is to make it clear that if you're DeFi developer, you're a software provider, you're not your software. But if you're holding the client's assets as a DeFi protocol, you're regulated and you're responsible for what happens. So like the future of Act. I think the second thing is just [music] sentiment and momentum. Crypto is a very momentum-driven and very narrative-driven industry. >> If you get a little bit of tailwind, it goes a long way in crypto. And the third thing is if you're in a large institution and your leadership is interested in digital assets, having a good housekeeping seal of approval from the government gives you a lot more leeway to do things that you would have >> [music] >> we're going to see a lot of momentum this summer and I think we're going to get to a point where tokenization is exception to the rule. >> Scaramucci going even further saying, "Don't get it twisted. This technology is revolutionary. Crypto is like Uber. Crypto is a better technology than what we have. This is the Uber problem. Governments hated Uber, mayors hated Uber, taxi commissions hated Uber. Who liked Uber? The people." Now, I >> also believe that the stuff is coming it's better technology than what we have. This is the Uber problem. Okay, let's go back to Uber. Government hated Uber, mayors hated Uber, taxi commissions hated Uber. Who liked Uber? The people. And so the people basically burned them off and and and won out. You don't have enough people in crypto right now uh to fight back the government resistance to what's going on. >> And the bottom signals continue to pile up. This surprised me. Just in, BitMEX up. This surprised me. Just in, BitMEX to shut down after 11 years. BitMEX is to shut down after 11 years. BitMEX is literally the OG Bitcoin derivatives exchange in the space. They invented perps. They introduced 100 X leverage perpetual swaps to crypto. So, a lot of risk here for sure. I'm not sure what happened, but signs of the bottom that they're shutting down right now. You see what's happening around us, right? Bottom signals all over. Buy. Buy. Buy. There are so many signs and reasons and metrics and indicators to signal to us that Bitcoin has bottomed. We've been showing you this on a near daily basis as of late. And on CNBC, Anthony Scaramucci educated all four of the hosts listing out the reasons saying, "And for those reasons, I think Bitcoin has bottomed. I don't think it gets much worse. I in fact think it gets better." >> Yeah. >> Bitcoin, where's it go? >> Well, it's going to grind higher because the sentiment is terrible. We're doing this a long time. Relative strength index all-time low. Fear is at like a seven on a scale of one to 100 in terms of greed and fear. And there's no supply of Bitcoin in the marketplace and there's no interest. And if you go search searchable terms on Google, Bitcoin's down 55% in terms of searchable terms. All of those reasons I it gets much worse than here. >> There are markets that are overvalued right now. I don't think Bitcoin is overvalued by any means. And for those who are still concerned about quantum, this is nice to see. Nine huge institutions including BlackRock, Fidelity, Coinbase, Strategy announce the Bitcoin security consortium initially pledging 15 million towards Bitcoin security work over the next three years. So, Bitcoin getting stronger. Love to see this. If you trade crypto, you can make more money especially on days when the market goes sideways. Huge bonuses for trading and sideways. Huge bonuses for trading and signing up on WX Exchange right now. 50% deposit bonus on your first 100 plus. If you're new to the exchange, 10,000 plus in welcome rewards. Plus, right now, and this is always changing, but right now, $500 bonus for 100 people who just are trading on WX. I'll leave links to this below. My name is Aaron. This is Altcoin Daily. Crypto certainly isn't going away. So, you tell me, where is it away. So, you tell me, where is it going? See you tomorrow, my friends.