HUGE TRADFI CRYPTO ADOPTION! BLACKROCK CEO BULLISH & CLARITY ACT MAY NOT PASS!
July 18, 2026
AI Summary
5 min readLarry Fink appeared on CNBC and said he's "very bullish" on markets over the next 12 months, including crypto. BlackRock's CEO said he is no longer concerned about excessive leverage in Bitcoin and crypto markets. Coming from the head of the world's largest asset manager, that statement carries weight—especially given BlackRock's own deep involvement in crypto through its spot Bitcoin ETF and its participation in the DTCC's tokenized securities initiative. The timing, as host Tony Edward notes, is probably not coincidental: "I think Larry is preparing for the rally."
The Clarity Act hits a wall
The odds of the Clarity Act passing have dropped to an all-time low of 31% on the Polymarket prediction platform. The House Financial Services Committee met to discuss the bill, but the real problem is the Senate. The House already passed a version of the bill last year, so getting it through the House again is not the issue. The biggest headwind is ethics—specifically, concerns about President Trump's disclosure of how much money he has made from crypto, including meme coins. "That is a horrible look for any elected official," Edward says. There is a glimmer of hope: an updated draft of the bill will be introduced next week, which may address some of the ethics concerns and potentially win Democratic support. Time is running out, but the bill is not dead yet.
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What you'll learn
- 1 (01:26) **Clarity Act Odds Drop on Polymarket** - The betting market shows the bill's chances hitting an all-time low at 31% after a House Financial Services Committee meeting.
- 2 (03:56) **Japan Reclassifies Crypto as a Financial Asset** - A major regulatory shift that paves the way for separate crypto taxation and future ETFs.
- 3 (04:52) **BlackRock CEO Larry Fink Turns Bullish on CNBC** - Fink says he’s no longer concerned about excessive leverage in crypto and is very bullish on markets over the next 12 months.
- 4 (08:14) **Bank of America Taps New Leaders for Crypto and AI** - The bank appoints Sonali Thieeson to head its global digital asset platform and Kevin Milsom to lead AI transformation.
- 5 (10:55) **Morgan Stanley Rolls Out Bitcoin Trading on E-Trade** - The bank officially launches spot Bitcoin trading for its 8.6 million E-Trade clients.
- 6 (11:22) **SEC Approves Industry-First Crypto Basket ETF** - A multi-token spot ETF including Bitcoin, Ethereum, XRP, Solana, and others is launched.
- 7 (11:44) **Visa Unveils Stablecoin Platform** - A new product allowing banks, fintechs, and crypto firms to mint, move, and manage stablecoins.
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Guests on this episode
Show Notes
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⏰ Time Stamps ⏰
00:00 Intro
00:25 Clarity Act passing odds
02:48 Japan new Crypto rules
03:55 BlackRock Larry Fink Bullish on Crypto
05:07 US Nation Debt $39.5 Trillion
07:11 Bank of America Crypto
08:25 Morgan Stanley Bitcoin trading eTrade
08:51 TRowe Crypto Basket ETF
09:16 Visa Stablecoin Platform
09:59 DTCC Tokenization
11:23 Cantor F
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