Reports that the Digital Asset Market Clarity Act (H.R. 3633) is close to a Senate floor vote — with Treasury Secretary Bessent calling it at the "1-yard line" — helped push BTC toward $67K and Coinbase shares up as much as 13% intraday on July 21. The move also came alongside gains in the S&P 500 and Nasdaq.
Matters because: If the bill passes before the August recess, it could support institutional onshoring of crypto activity, but the rally has already partly faded as macro risk returned.