Prospects for the CLARITY Act, seen as key legislation for the U.S. crypto market, are tied to three issues: the scope of regulation for Web3 developers, resistance from law enforcement agencies and a tight congressional schedule. Galaxy Digital CEO Mike Novogratz went to Washington for urgent meetings, aiming to pass the bill within 4 weeks before the summer recess. Polymarket odds for passage in 2026 fell to 48 percent from 62 percent.

Scott Wu, CEO of Cognition, which developed the AI coding agent Devin, said the tool is not intended to replace human developers but to raise their productivity. He said Devin aims to handle end-to-end development work and is most valuable for maintenance tasks developers tend to avoid. Wu also cautioned against inflated expectations, describing Devin as between junior and mid-level engineers, and stressed that humans must retain final decision-making authority.