Looking Forward To July & Beyond: Catalysts For Financials, Housing, Crypto

Research evidence excerpt

Looking Forward To July & Beyond: Catalysts For Financials, Housing, Crypto

TD Securities (USA) LLC POLICY NOTE

June 30, 2026

■WRG Crypto Currency Looking Forward To July & Beyond: Catalysts

■WRG Financial Services

■WRG Housing For Financials, Housing, Crypto

Jaret Seiberg THE TD COWEN INSIGHT

202 868 5313

Looking Forward in July and Beyond to:

jaret.seiberg@tdsecurities.com

■Final push for the Clarity Act on crypto market structure.

■Federal Reserve Chair Kevin Warsh testifies for the first time since taking office.

■Comment period closes on the SEC proposal to give companies the option to report semi-

annually rather than quarterly.

■Acting CFPB director testifies before House Financial Services on the agency's agenda.

Upcoming Calendar

■July -- Trump to decide whether to veto, sign or permit to become law a housing package

that boosts manufactured housing while exempting built-to-rent single-family housing from

the institutional investor housing limits. Package also includes reciprocal deposit reform.

■July -- Still waiting for the SEC to issue exemptive relief for tokenization.

■7/1 -- House Financial Services votes on pending bills including on Earned Wage Access.

■7/6 -- Comment due on SEC proposal for optional semi-annual reporting.

■7/14 -- House Financial Services hearing with Fed Chair Kevin Warsh.

■7/15 -- House Financial Services hearing with Acting CFPB Chair Russell Vought.

■7/17 -- House Financial Services hearing on the Clarity Act.

■7/21 -- House Financial Services hearing on FINCEN.

■7/21 -- House Financial Services hearing on the FHLB system.

■7/27 -- Comments due on Fed's proposal for skinny master accounts.

■7/29 -- FOMC decision.

■July 24 -- Realistic deadline to complete crypto market structure legislation.