The CLARITY Act comes down to a procedural vote.

The U.S. Senate votes today on whether to advance the Clarity Act, crypto's market structure bill. A pass moves the industry closer to its first clear U.S. rules, while a failure would likely shelve the effort until after the November midterms. Bitcoin slipped to below $77,000 as Polymarket odds on the bill faded. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Ram Ahluwalia, CEO and Founder of Lumida, who makes a non-consensus case that the Fed will hold rather than hike at its September meeting, and argues that AI has more room to run than crypto as capital rotates between the two. Then Joris Delanoue, CEO of Fairmint, breaks down the SEC's proposed overhaul of transfer-agent rules, the first in decades, which could let a blockchain serve as the official record of securities ownership. He unpacks the three models of tokenized equities, the AMC–Robinhood stock-token dispute, and why a single source of truth matters for the issuer-shareholder relationship. Plus, a look at ETF flows, with bitcoin ETFs posting their worst week since July and ether ETFs drawing net inflows.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:21 Crypto Green as AI Stocks Sell Off, Oil Tops $100

00:47 Lumida's Ram Ahluwalia on the Macro Picture

01:23 The Non-Consensus Call: No Rate Hike Coming

03:26 Anthropic's Coming S1 and the AI "Nothing Burger"

04:46 Why AI Has More Room to Run Than Crypto

06:58 Tokenization, DeFi, and the CLARITY Act

08:30 Ahluwalia's Top AI Plays and Midterm Positioning

10:27 SEC Proposes Biggest Transfer-Agent Overhaul in Decades

10:42 Fairmint's Joris Delanoue Joins

11:41 The Tokenization Paper-Crisis Parallel

12:43 Three Models of Tokenized Equities

15:17 The AMC–Robinhood Fight Over Stock Tokens

16:19 Fixing the Issuer-Shareholder Disconnect

18:38 Educating CEOs on What Tokenization Unlocks

20:31 ETF Flows: BTC Bleeds $463M, ETH Gains $197M

Trump agrees to stricter ethics rules for CLARITY Act.

President Trump agreed to about 80% of a stricter ethics package tied to the Clarity Act, clearing a path for a Senate cloture vote Tuesday. The deal lets state attorneys general enforce the law and forces elected officials, spouses, and federal judges to divest or blind-trust any significant crypto stake. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Kalshi wants 24/7 Tesla, Apple, and Nvidia perps.

Kalshi is seeking approval for roughly 60 perpetual futures tied to individual stocks and ETFs, including Tesla, Apple, and Nvidia — which would be the first regulated single-stock perps in the U.S. The plan is already igniting a fight over whether the CFTC or SEC should regulate them. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the AMC–Robinhood tokenization showdown playing out on X and "CLARITY Act death watch," before sitting down with Cody Carbone, CEO of the Digital Chamber. Carbone argues the bill's fate comes down to ethics and that the White House and President Trump himself will have to weigh in publicly on the Tillis–Gallego ethics proposal to get to 60 votes. He also lays out the contingency plan if CLARITY stalls and breaks down the Digital Chamber's lawsuit against Illinois' new crypto tax. Plus, Rebecca and Renato debrief on why spot-market authority survives even if CLARITY doesn't, and name LeBron James, and the wave of celebrity prediction-market deals, as their Person of the Week.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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Chapters/Timecodes:

00:00 Welcome to The Policy Protocol

02:54 The AMC–Robinhood Tokenization Showdown

05:18 Can AMC Actually Sue? Renato's Litigation Read

07:41 CLARITY Act Death Watch

10:15 Why Reg Crypto Isn't Enough Without Market Structure

11:06 Cody Carbone, CEO of the Digital Chamber Joins

12:03 Ethics, Ethics, Ethics: Will the White House Weigh In?

15:25 What Happens to Crypto Policy if Clarity Fails?

17:42 Federal Preemption and the Illinois Crypto Tax Fight

20:51 The Convergence of TradFi and Digital Finance

23:32 Rebecca and Renato Debrief on Spot Authority

24:37 Person of the Week: LeBron James and Prediction Markets

Ran Neuner, Founder of Crypto Banter, joins Coindesk’s Jennifer Sanasie on Markets Outlook with charts in hand to explain why Bitcoin's pullback from $82K is textbook post-golden-cross behavior, and why he thinks the real story is what comes next. Neuner breaks down Scott Bessent's Treasury buybacks as the engine of the rally, why ETH just broke a nine-year downtrend against Bitcoin, and why he's rotating out of layer ones and into apps with real users and revenue.

Plus, Energy Substantiation Co-Founder Wil Harris joins Brand New Rails to explain why hard-to-custody assets, like oil, are tokenization's real frontier.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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Timecodes:

00:00 - Ran Neuner Joins Markets Outlook

00:45 - The Golden Cross and Bitcoin's Pullback

02:31 - Bessent's Buybacks and Why $6B Disappointed the Market

03:56 - Oil, the War, and Trump's $1.4T Stimulus Promise

06:47 - Brand New Rails: Tokenized WTI Crude Oil

09:37 - "Crypto's Biggest Bull Market Ever"

11:33 - ETH Breaks a Nine-Year Downtrend Against Bitcoin

14:03 - Altcoins to 7X Bitcoin? Crypto's Product Market Fit

18:02 - Why AI Agents Are Crypto's Real Use Case

19:54 - What Makes an Altcoin Win: Users, Revenue, Buybacks

Nasdaq's Ventures invested $100 million in Payward, the parent company of crypto exchange Kraken. Payward Chief Commercial Officer Mark Greenberg joins Jennifer Sanasie to explain what the deal unlocks: from bringing Nasdaq's traditional equities on-chain as permissioned tokens, to new collaborations on market surveillance, data, and expanding xStocks to more markets. Plus, insights into Kraken's shift from a crypto-only exchange to a multi-asset platform and the company's 2027 IPO timeline.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by special guest co-host Ophelia Snyder, Co-Founder of 21Shares.

Payward Chief Commercial Officer Mark Greenberg breaks down Kraken parent Payward's new partnerships with SoFi and the London Stock Exchange, and how xStocks is bringing tokenized equities and 24/7 markets to investors around the world.

Bullish Exchange President Chris Tyrer unpacks Bullish's $4.2 billion acquisition of transfer agent Equiniti, its first tokenized-share trades on a GFSC-regulated venue, and the competing models shaping the future of tokenized stocks.

Plus, Sanasie and Snyder break down another billion-dollar week for Bitcoin and Ethereum ETFs and what shifting macro conditions could mean for crypto.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

-

To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:40 Has the Mood Shifted on the Clarity Act?

03:32 The ColdCard Hack and the Case for Intermediaries

05:26 Payward's Mark Greenberg Joins

05:47 Inside the London Stock Exchange xStocks Deal

07:11 Will xStocks Come to the US?

08:41 The AMC-Robinhood Tokenized Stock Spat

09:57 Why Issuers Should Embrace Tokenized Equities

11:13 Nasdaq Equity Tokens and Yield on xStocks

13:20 Bullish's Chris Tyrer on the $4.2B Equiniti Deal

14:23 The Three Models of Tokenized Equity

15:10 Who Owns Your Stock? Cede & Co. and Issuer Visibility

17:51 Tokenization as the Next Mega Trend

19:31 Turning Shareholders Into Members

21:31 Tokenization, NFTs, and the Governance Problem

24:28 Another $1.2B Week for BTC and ETH ETFs

25:04 Reading the Flows: Macro and a Bitcoin Regime

27:47 Alt Flows and the First US Staked TRON ETF

An Anthropic researcher warns AI could kill us all.

A researcher who spent three years on pretraining at OpenAI and Anthropic resigned with a warning that the labs are racing toward self-improving superintelligence that could kill everyone by the end of the decade. Anthropic's own alignment lead put the odds above 10%. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Hunter Biden is launching a LAPTOP memecoin.

Hunter Biden is launching a memecoin called LAPTOP on Base, named after the laptop he left at a Delaware repair shop in 2019. Founders get 30% of the 1 billion supply, and part of the airdrop targets wallets underwater on the TRUMP token. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.