Politics

Lark Davis says Trump backing ‘Clarity Act’ ethics ban moves bill forward

Name: Lark Davis says Trump backing ‘Clarity Act’ ethics ban moves bill forward
Uploaded: 2026-07-23T14:16:00+00:00
Description: Crypto commentator Lark Davis argues that Donald Trump’s support for an ethics component of the US ‘Clarity Act’ is what has allowed the market-structure bill to progress. In the same segment, Davis alleges Trump has already made “$ 1.5 billion from crypto”, framing the move as closing the door behind early beneficiaries.

Lark Davis · They’re Done Pretending (crypto holders it’s happening) · July 23, 2026

Lark Davis

They’re Done Pretending (crypto holders it’s happening)

"Trump agreeing to all this ethics stuff and pushing for this ethics part of the Clarity Act bill was a very important segment of it and that's allowing the bill now to move forward. So, look, Don, you already made your money, man."

Crypto commentator Lark Davis argues that Donald Trump’s support for an ethics component of the US ‘Clarity Act’ is what has allowed the market-structure bill to progress. In the same segment, Davis alleges Trump has already made “$ 1.5 billion from crypto”, framing the move as closing the door behind early beneficiaries.

About this episode

Lark Davis frames the current crypto downturn as fundamentally different from 2022, arguing that the earlier bear market was driven by cascading industry failures (including Terra/Luna, Three Arrows Capital, lender collapses and FTX) alongside aggressive rate hikes. He pivots to US policy, claiming momentum is building around the ‘Clarity Act’ crypto market-structure bill, and argues that an ethics provision backed by Donald Trump is helping the legislation move ahead; he also alleges Trump has already profited heavily from crypto.

Davis cites pro-passage statements he attributes to industry figures and financial institutions, saying even large banks now want clear rules. He then runs through market indicators: bitcoin ETF flows, sentiment metrics, and technical levels around key moving averages, while noting he is not currently long or short BTC. He spotlights ethereum ETF inflows as significant on a market-cap-adjusted basis and outlines his ETH technical thesis around a double-bottom target.

The episode also covers on-chain trends, including Davis’s claim that ‘Robin Hood chain’ has surpassed Base on revenue and fees, and a forthcoming Uniswap-related vote he says could change fee-burning dynamics. He comments on Pump.fun and Hyperliquid revenue dominance, flags geopolitical and oil-related risks, and briefly discusses ServiceNow’s positioning around enterprise AI agents and earnings results. A substantial mid-episode segment is dedicated to exchange promotion, giveaways and subscription upsells.

Key takeaways

Davis argues the current bear market differs from 2022’s collapse-driven downturn and rate-hike shock.
He claims the US ‘Clarity Act’ is advancing, and alleges Trump-backed ethics language is enabling progress.
He reports modest bitcoin ETF inflows and discusses sentiment and MVRV as potential cyclical indicators.
He says ethereum ETF inflows are large relative to ETH’s market cap and interprets that as Wall Street accumulation.
He claims ‘Robin Hood chain’ has overtaken Base on fee and revenue metrics, and points to a Uniswap-related vote ending 26 July.
He flags geopolitical risk in the Red Sea and suggests oil-price volatility could affect inflation and rates.
He relays ServiceNow CEO claims about AI-agent economics and highlights the company’s earnings beat.