#MarketOverloadWeek

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CLARITY Act passed committee 15-9, but AML and ethics clauses remain floor-vote obstacles. Warsh took the Fed chair as Miran resigned, locking in a hawkish team. JP Morgan argues Warsh may cut faster than Powell under stagflation. CPI 3.8% and PPI 6.0% beat, fueling rate-hike bets. Trade summit delivered a "Hormuz must open" consensus, Boeing-China deal, and host pledge not to arm Iran. Israel said the same day it is preparing strikes. These storylines will shape crypto through H2.

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