Former Barclays CEO Bob Diamond is optimistic about Circle and Hyperliquid
Former Barclays CEO Bob Diamond recently said that if the Digital Asset Markets Clarification Act is passed, Circle and Hyperliquid will become the companies most likely to benefit. He expects the probability of the bill passing by the end of 2026 to be between 50% and 75%. Diamond currently serves as CEO of Atlas Merchant Capital and chairman of Hyperliquid Strategies, both of which give him a direct interest in how the bill ultimately takes shape. He made the above remarks in an interview on July 31, 2026.
Why Circle and Hyperliquid stand out
Circle issued the USDC, a stablecoin pegged to the U.S. dollar, which has become a core part of the digital payment infrastructure. Hyperliquid recently adopted USDC as its standard stablecoin, replacing the original native currency USDH. As part of the agreement, Circle pledged 500,000 HYPE tokens on the Hyperliquid network, further strengthening the operational ties between the two companies.
Diamond believes that establishing clearer federal regulations around stablecoins will consolidate the infrastructure layer where the two companies are located. He mentioned both Hyperliquid and Circle on mainstream financial TV shows. This move is worthy of attention-because Hyperliquid, a decentralized exchange, was previously mainly active in the crypto native field and was widely known within the ecosystem, but rarely heard of outside the circle. Today, a former Barclays CEO mentions it by name on television, changing the audience's attention range.
Diamond also refuted the banking industry's opposition to the bill, arguing that "it is really good for banks in the long run." He pointed out that companies such as JPMorgan Chase, Goldman Sachs and Morgan Stanley are already investing heavily in cryptocurrency and blockchain infrastructure, and legal certainty will only accelerate this trend.
How is the bill progressing?
The Digital Asset Markets Clarity Act passed the House of Representatives in July 2025 with a bipartisan vote of 294 to 134. On May 14, 2026, the Senate Banking Committee advanced the bill with a vote of 15 to 9. To become law, the bill still needs to be reconciled with the Senate Agriculture Committee's version, received 60 votes on a full Senate vote, then reconciled with the version passed by the House, and finally signed by the president.
There are still two points of controversy in the current Senate negotiations: one is the ethics clause-a politically sensitive topic given the widespread discussion over legislators 'personal financial interests in the cryptocurrency field; the other is the stablecoin earnings clause-specifically related to how the law should deal with interest or returns generated by stablecoins.

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