Today's Crypto News: Bitcoin ETF continues to be hot, and the Clarification Act is about to usher i

The cryptocurrency market has a lot of news today, but the most important news is not the bitcoin price, but the CLARITY bill. Industry stakeholders will hold a conference call with Republican leadership later today, after which lawmakers are expected to receive updates on the latest version of the Crypto Market Structure Act. Although the bill still needs enough bipartisan support to pass the Senate, optimism surrounding it has grown.

Outside Washington, institutional demand remains strong. On July 21, the net inflow of spot Bitcoin ETF was US$203 million, achieving a net inflow of funds for the sixth consecutive day. Telegram is also preparing to launch native crypto wallets to more than 1 billion users this summer.

Let's focus on today's major encryption news.

Updated text of the CLARITY bill released-Key provisions announced

Senate Republicans released an updated version of the CLARITY bill after a briefing with stakeholders this morning. Eleanor Terrett interprets key provisions in the latest text, covering ethics, BRCA, stablecoin gains, law enforcement and bankruptcy protection.

Ethics package:

The package was negotiated by the White House with Republican Senators Lummis and Moreno and has not yet been signed off by Democrats.

Update: Senate Republicans have just released an updated version of the CLARITY bill after a briefing with stakeholders this morning. Here are some of the key provisions in the latest text, including the Code of Ethics, BRCA and other areas we have been paying close attention to.

--Eleanor Terrett (@EleanorTerrett), July 22, 2026

Key terms include:

prohibits presidents, vice presidents, members of Congress, federal judges and other regulated officials (and their spouses) from issuing or sponsoring digital assets for remuneration while in office. The ban is effective until January 20, 2029.

Require regulated officials to either sell their cryptocurrency holdings and cryptocompany investments, place them in confidential trusts beyond their control, or both.

Gives the Department of Justice civil enforcement powers over ethical violations, including the power to sue exchanges that knowingly list banned tokens.

requires disclosure of cryptocurrency sales exceeding $1000 and directs the Government Accountability Office to study additional ethical regulatory loopholes.

This section may change. Democrats say they have not yet seen the text and strongly oppose giving the Justice Department enforcement powers without the participation of state attorneys general. Bipartisan negotiations are expected in the coming days.

Blockchain Regulatory Determinism Act (BRCA):

Industry sources said the BRCA remains unchanged from the version approved by the Senate Banking Committee in May. The bill continues to make clear that unmanaged software developers and blockchain infrastructure providers will not be considered money carriers simply because they build or maintain decentralized networks.

The Loomis-Grassley amendment was also retained, maintaining existing federal criminal liability for anyone who "knowingly" facilitates illegal transactions. The "Keep Your Coin Act" is also fully preserved, safeguarding the right of individuals to keep their own cryptocurrency.

Stability coin gains:

Despite speculation that Senator Tillis may add a "circuit breaker" clause, this section remains unchanged from the version approved by the Senate Banking Committee. It retained the Tillys-O'Brooks compromise, which prohibited companies from paying interest on user idle payment stablecoin balances, but allowed rewards related to actual activities (such as transactions or pledges) as long as they were not economically or functionally equivalent to interest on bank deposits.

Enforcement:

A new section of the bill is specifically dedicated to strengthening law enforcement's ability to investigate crypto-related crimes:

Increase funding for state and local crypto investigations and blockchain analysis tools.

Create a new training program for law enforcement officials and prosecutors.

Establish a "cyber center" to respond to threats from national actors such as North Korea and Iran.

Establish a public-private joint working group to coordinate actions against crypto fraud.

Require stablecoin issuers to comply with legal orders to freeze, seize, destroy and reissue tokens when appropriate.

Bankruptcy protection:

This bill stipulates what digital assets should be handled if an exchange or custodian goes bankrupt. It helps ensure that customer assets receive the same protection as traditional financial assets and remain the customer's property rather than becoming part of the company's bankruptcy estate. This helps prevent incidents like FTX-like from happening again.

Bitcoin ETF capital inflows for six consecutive days

Institutional demand continues to support Bitcoin prices. Wu Blockchain quoted SoSoValue data and pointed out that the net inflow of spot Bitcoin ETF on July 21 was US$203 million, the sixth consecutive day of positive inflow. The Ethereum Spot ETF had another net inflow of US$37.47 million today, which has been the inflow of funds for three consecutive days.

According to SoValue data, the spot Bitcoin ETF recorded a net inflow of US$203 million on July 21 (EST), the sixth consecutive day of net inflow. The spot Ethereum ETF recorded a net inflow of US$37.471 million, extending the net inflow days to three days.

pic.twitter.com/kmkANGsLwA -Wu Blockchain (@WuBlockchain), July 22, 2026

All of these purchases occurred at a time when the Bitcoin price was above US$65,000, and traders were watching this number closely. When ETFs continue to attract gold, it means that there are fewer bitcoins and Ethereum available for purchase. This usually helps support prices when markets fluctuate.

On-chain data is also worthy of attention. Analyst CW pointed out that more than 62,000 bitcoins were transferred to accumulation wallets in just one day. Even with the recent fluctuations, big players continue to hoard.

Telegram is preparing to launch a large-scale crypto wallet

Another major development comes from Telegram. Cryptocurrency commentator Lucky reports that Telegram plans to launch native unmanaged Gram wallets in all Telegram apps this summer. If all goes well, more than 1 billion Telegram users will have built-in encrypted wallets.

This is the moment we have been waiting for. Telegram will launch a native unmanaged Gram wallet in every app this summer. This is the largest unmanaged wallet promotion in human history. More than 1 billion users are about to receive instant, zero-fee cryptocurrency...

t.co/96GpOVAUEl- Lucky (@LLuciano_BTC), July 22, 2026

Third-party applications are no longer required. No longer need to trust others to keep your coins safe. You just need to send and receive digital assets like messages. For years, cryptographers have been thinking about how to get ordinary people to use these technologies. Embedding your wallet in one of the world's largest messaging apps? This may be the way it will ultimately be achieved.

Summary

Today's crypto news focuses on regulatory progress, growing institutional demand and expanding access to crypto. The CLARITY bill is moving towards another critical update, and lawmakers are studying the final details needed to move the bill forward. The Bitcoin ETF continued to attract new capital, recording a net inflow of US$203 million and maintaining inflows for six consecutive days. Telegram's planned wallet also has the potential to give users around the world access to cryptocurrency ownership.

Currently, bitcoin prices are still above $65,000, but many investors are watching what's happening in Washington. The next update to the CLARITY Act could be a catalyst for the next step in the market.

FAQs

What is the latest development of the CLARITY Act?

The Islamic Law Advisory Committee of the Securities Commission of Malaysia has recommended that trading and investment in cryptocurrencies are allowed. This means that digital currency can also be used to pay zakat.

Why are Bitcoin ETFs so important to Bitcoin prices?

On July 21, the net inflow of spot Bitcoin ETF was US$203 million, extending the number of consecutive rising days to six trading days. Continued net inflows indicate strong institutional demand, which could support Bitcoin prices by increasing buying pressure.

Why is Telegram's crypto wallet promotion so important?

Telegram plans to launch a native unmanaged Gram wallet in its app, potentially reaching more than 1 billion users. The promotion may make it easier for ordinary users to hold, send and receive cryptocurrencies without relying on a centralized exchange.