The Music Never Stopped: NATO, Maine Senate & Housing - Washington Weekly

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The Music Never Stopped: NATO, Maine Senate & Housing - Washington Weekly

TD Cowen

Global Research July 10, 2026

What to expect this week: should be a quiet week in Washington with the House and

Senate still on recess. Expect headlines on the Clarity Act and crypto market

structure as the Senate prepares to tackle the bill the week of July 13. President

Trump must decide whether to veto the housing bill, let it become law, or sign it into

law.

Financial Services: Crypto Monday: What To Watch To Assess Prospects For Clarity

Act In Senate - Jaret Seiberg

Our Crypto Monday focus returns to the Clarity Act and crypto market structure. This

is a critical period as advocates and opponents prepare for the measure to come to

the Senate floor as soon as next week. We expect conflicting headlines over the next

10 days, though our focus is on Democratic unity. If Democrats fracture over conflict-

of-interest language, the bill could pass.

Financial Services: Predicting A Robust Future For Prediction Markets - Ahead Of

The Curve - Jaret Seiberg

We expect prediction markets to continue to grow as the industry first embraces

sporting events before expanding into stock and other financial-related event

contracts. To us, the regulatory environment is favorable and likely to survive the next

presidential election, though there is some litigation risk. There are tailwinds for

DraftKings, exchanges, MRX, and select brokers.

Financial Services: Trump Threatens Spain; Still See Little Risk To Fed Approval Of

Webster Deal - Jaret Seiberg

President Trump today called for ending trade and travel with Spain. We do not view

either as likely, as we do not see what authority the President has to deliver on his

threats. That is why we believe the risk is that Trump finds another target, such as