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SEC Digital Asset Strategy, CLARITY Act Clock & JPMorgan Tokenized Deposits
Audio is available on Spreaker — see link below.
The SEC formally elevated crypto to a standalone priority in its 2030 strategic plan — and it's not the only institution moving fast. From the CLARITY Act's shrinking Senate window to JPMorgan's tokenized deposit network, today's briefing covers the week's most consequential structural shifts in crypto.
Audio is available on Spreaker — see link below.
The SEC just made crypto a core part of its official mission, and that's not a small thing. On June fourth, the agency published its twenty thirty strategic plan, formally elevating digital assets and distributed ledger technology to a standalone priority.
That shift doesn't exist in isolation. The Senate Banking Committee advanced the Digital Asset Market Clarity Act in a fifteen-to-nine bipartisan vote on May fourteenth, and the bill now sits on the full Senate calendar.
On the tax side, the House Ways and Means Committee released seven draft crypto tax bills on June fifth. The one worth watching closely is the PARITY Act, which would allow miners and stakers to defer income recognition on rewards for up to five years.
Separately, JPMorgan, Citi, and Bank of America are building a tokenized deposit network through The Clearing House, targeting a mid-twenty twenty-seven launch. The structure keeps deposits inside the regulated banking system while converting them to on-chain tokens for settlement.
On Solana, the May and June on-chain data is worth a look. Four point one six million daily active users on June fifth, fifteen point nine five billion dollars in stablecoin TVL, and over one hundred two million daily transactions on average.
Two other stories are worth brief attention. Zcash fell forty-two percent after Shielded Labs disclosed a critical vulnerability that went undetected for four years, one that could have allowed unlimited token minting.
The two things worth tracking closely from here: whether the CLARITY Act reaches a Senate floor vote before the recess deadline, and whether the House tax bills move through committee fast enough to matter this session. Those are the near-term proof points that will tell us whether this legislative momentum is real or another near-miss.
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