BTC Ownership Overtakes Gold in The US, Democrats Reject CLARITY Draft, And More – Weekly Recap

This week’s stories spanned regulation, adoption, market conviction, and industry shakeouts. Seven Senate Democrats rejected the latest CLARITY Act draft, while Cathie Wood doubled down on SpaceX despite its sharp stock decline. River reported that more Americans now own bitcoin than gold, but the treasury-company model took another hit as Satsuma voted to liquidate and sell its remaining BTC.

BitMEX also announced it will permanently shut down in September, closing a major chapter in crypto derivatives history. Key Takeaways7 Senate Democrats rejected CLARITY, raising regulatory uncertainty as negotiations continue.River says 49.

6M Americans own BTC, signaling broader adoption as bitcoin surpasses gold.BitMEX closes Sept. 23, 2026, while Satsuma sells 668 BTC amid further industry consolidation.

WEEK IN REVIEW Democrats Reject CLARITY Act Draft as Crypto Ethics Dispute Intensifies Seven Senate Democrats rejected the latest CLARITY Act draft, saying it does not go far enough on ethics, consumer protection, and illicit finance… read more. Editor’s comment: As Blockworks’ Felix mentioned earlier this week, CLARITY passing would be bullish, but also the failure of it to pass would likely catalyze the final leg down for Bitcoin and crypto, thus allowing it to form its bear market bottom.

So regardless of what happens, it’ll be positive for the industry. Cathie Wood Says SpaceX Could Become ‘the Most Important Company in History’ Despite 48% Stock Slide Ark Invest CEO Cathie Wood delivered a sweeping endorsement of SpaceX as shares traded 48% below their peak and 13% under the… read more.

Editor’s comment: Wood’s performance over the last few years is not exactly indicative of an all-star stock picker, but her words still carry weight. With SPCX now at a half-off discount from its IPO price, and the US government as its main client, Musk’s company is likely to be an important bellwether for markets in the future. Bitcoin Ownership Overtakes Gold as 49.

6 Million Americans Now Hold BTC Bitcoin has overtaken gold as the preferred hard asset among American investors, according to bitcoin financial services firm River.… read more. Editor’s comment: Slowly, then suddenly.

In hindsight, it will look obvious that the asset, which is available to anyone through their phone, for any dollar amount they wish, which is also free to store and completely mobile, would gain popularity over heavy and shiny rocks. Another Bitcoin Treasury Firm Is Shutting Down. What Satsuma’s Vote Means for Investors Satsuma Technology shareholders voted overwhelmingly to liquidate the London-listed company, sell its remaining 668 bitcoin and return capital to…

read more. Editor’s comment: The sudden explosion in new DATs marked the top of the last bull market, and the implosion of those DATs a year later appears to be marking the bottom of the bear market. Nakamoto (NAKA) which is down 99.

6%, and Twenty One Capital (XXI), which is down 92%, could be next on the chopping block. BitMEX’s Final Countdown: What the Shutdown Means and When You Should Withdraw BitMEX operator HDR Global Trading Limited announced the permanent closure of the exchange, effective Sept. 23, 2026…

read more. Editor’s comment: The end of an era. As the inventor of the perp and the launchpad for Arthur Hayes’ career in crypto, BitMEX is an important pillar to the industry and culture of digital assets.

Last month, before announcing the exchange was shutting down, BitMEX’s CEO and several of its other execs resigned or stepped down. 7 Senate Democrats rejected CLARITY, raising regulatory uncertainty as negotiations continue. River says 49.

6M Americans own BTC, signaling broader adoption as bitcoin surpasses gold. BitMEX closes Sept. 23, 2026, while Satsuma sells 668 BTC amid further industry consolidation.

Bitcoin Ownership Overtakes Gold as 49.6 Million Americans Now Hold BTC CLARITY Act Would Protect Customer Crypto From Exchange Bankruptcies, Senator Says Robert Kiyosaki Backs ‘Go to the Moon’ Outlook for Gold and Silver After Severe Retracement Prediction Market Traders Turn Bearish on Clarity Act Becoming Law in 2026 Trump’s $1.4B Crypto Income Draws Scrutiny as Senate Weighs CLARITY Act CLARITY Act Delivers 3 Key Benefits for Developers, Investors, and Markets, Senator Says BTC Ownership Overtakes Gold in The US, Democrats Reject CLARITY Draft, And More – Weekly Recap Bitcoin's 15th Difficulty Reset Exposes a Mining Industry Under Pressure ‘We’re Gonna Need Another Color’: Michael Saylor Fuels Speculation Over Strategy’s Next Bitcoin Move Bitcoin Enters Volatility Trap as Fed Decision, CLARITY Act and Fork Drama Converge Despite Tradfi Headwinds, Bottom Signs Abound – Week in Review BTC Ownership Overtakes Gold in The US, Democrats Reject CLARITY Draft, And More – Weekly Recap Bitcoin's 15th Difficulty Reset Exposes a Mining Industry Under Pressure ‘We’re Gonna Need Another Color’: Michael Saylor Fuels Speculation Over Strategy’s Next Bitcoin Move Bitcoin Enters Volatil