Geopolitics Alpha

Crypto’s Clarity Act stumbles

Published . Updated .

A hotly debated measure to regulate digital assets failed in the Senate amid conflict-of-interest concerns related to President Trump. Regulators now may have to forge the blueprint for the sector.

Directly affected

  • CRCW Crypto

    Named in this report.

Indirectly affected

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics

    Defense contractors get more work when conflict spending rises

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • ITA iShares U.S. Aerospace & Defense

    A fund of aerospace and defense companies

  • BA Boeing

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris

    Defense contractors get more work when conflict spending rises

  • HII Huntington Ingalls

    Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRCW———————
LMT———————
RTX———————
NOC———————
GD———————
IBIT———————
COIN———————
ITA———————
BA———————
LHX———————
HII———————

A hotly debated measure to regulate digital assets failed in the Senate amid conflict-of-interest concerns related to President Trump. Regulators now may have to forge the blueprint for the sector.

Source: Banking Dive

Bitwise 10 Crypto Index ETF (BITW) since “Crypto’s Clarity Act stumbles,” compared with the market

Since the first closing price after “Crypto’s Clarity Act stumbles,” Bitwise 10 Crypto Index ETF (BITW) is +4.94%. The S&P 500 fund (SPY) is +0.52% over the same days, a +4.42% difference versus the market.

BITW
SPY

Who gains and who loses around Bitwise 10 Crypto Index ETF (BITW)

Companies carried with this story

  • BITW Bitwise 10 Crypto Index ETF

    Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence in the 16 Sep 2026 story “Crypto’s Clarity Act stumbles.” Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BLOX Nicholas Crypto Income Etf

    For “Crypto’s Clarity Act stumbles,” Nicholas Crypto Income Etf (BLOX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • EZPZ Franklin Crypto Trust

    In “Crypto’s Clarity Act stumbles,” Franklin Crypto Trust (EZPZ) is linked, with no stored direction, medium confidence. Reason on file: GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FDIG Fidelity Crypto Industry And Digital Payments Etf

    For “Crypto’s Clarity Act stumbles,” Fidelity Crypto Industry And Digital Payments Etf (FDIG) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GDLC Grayscale CoinDesk Crypto 5 ETF

    In “Crypto’s Clarity Act stumbles,” Grayscale CoinDesk Crypto 5 ETF (GDLC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GDLC as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • IBIT iShares Bitcoin Trust ETF

    iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence in the 16 Sep 2026 story “Crypto’s Clarity Act stumbles.” Reason on file: Bitcoin and digital-asset regulatory developments can transmit to a listed spot-Bitcoin proxy; this is a monitoring relationship, not a directional recommendation

How “Crypto’s Clarity Act stumbles” reaches Bitwise 10 Crypto Index ETF (BITW)

On 16 Sep 2026, “Crypto’s Clarity Act stumbles” is the story that connects Bitwise 10 Crypto Index ETF (BITW) to this story.

For Bitwise 10 Crypto Index ETF (BITW), the reason on file says GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Nicholas Crypto Income Etf (BLOX) is here too. Its reason reads: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for Bitwise 10 Crypto Index ETF (BITW), and the dates in the story

BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. BLOX traded between 11.35 and 15.12 across 20 sessions. The latest close on file is 11.52. EZPZ traded between 20.36 and 21.94 across 12 sessions. The latest close on file is 20.59.

A simple score for Bitwise 10 Crypto Index ETF (BITW)

46 out of 100

“Crypto’s Clarity Act stumbles” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.