The CLARITY Act, a bill on digital-asset market structure (H.R. 3633), was intended to bring regulatory certainty.

In July 2025, the House passed its version 294–134. But as of February 2026, the Senate is gridlocked, with a bitter conflict pitting Wall Street banks against crypto firms. White House-brokered meetings (most recently February 10) have failed to bridge differences.

A Disruption Banking report on February 11 warned that Washington “promised certainty” but instead sparked a “public feud” over crypto regulation.

In precious metals, as Washington argues over stablecoin yields, another market is flashing a warning about what happens when liquidity vanishes: silver. This follows the Chinese Lunar New Year shutdown, which has triggered its own debate about thin order books and exaggerated price moves.

In both digital assets and metals, the message is similar: liquidity is fragile, and when it disappears, volatility fills the vacuum. But the question is : “Do we still need traditional banks ?“