Bloomberg Podcasts · Trump Reports at Least $1.4 Billion in 2025 Crypto Earnings

1. 1. The House failed to pass a rule on the NDAA despite over 1400 amendments, indicating the majority cannot pass even standard bipartisan bills.
2. 2. The Clarity Act, which defines digital assets and their regulation, faces political hurdles due to Trump's financial disclosures and Democratic opposition.
3. 3. If the Clarity Act is not passed by the August recess, it is effectively dead for the year, with only a slim chance in September.
4. 4. A government shutdown on October 1 is likely because Democrats, who instigated the longest shutdown, paid no political price and face pressure from socialists.