Witt explained that the House passed its version of the Clarity Act last year, and the Senate is drafting its own amendments. Sections of the bill addressing the Commodity Futures Trading Commission (CFTC) have cleared the Agriculture Committee, while portions covering the Securities and Exchange Commission (SEC) remain in the Senate Banking Committee. A markup scheduled for January was postponed, and Witt said discussions are underway to resolve outstanding issues.
Strive, Inc. announced today that stockholders of Semler Scientific, Inc. approved its acquisition by Strive, marking a landmark deal in publicly traded Bitcoin-backed companies. The all-stock transaction includes Semler Scientific's 5,048.1 Bitcoin, significantly expanding Strive's digital asset holdings. In addition, the company said they purchased 123 more Bitcoin for its corporate treasury at an average price of $91,561 per coin, for a total cost of approximately $11.26 million, inclusive of fees and expenses, the company said.
The Q1 release in June highlighted cost cuts, divestitures, and a surprising swing to adjusted profitability despite ongoing revenue erosion. Estimates Snapshot Revenue: $823.25 million EPS (Normalized): $0.16 FY 2026 Revenue: $3.52 billion FY 2026 EPS: $0.73 FY 2027 Revenue: $3.14 billion FY 2027 EPS: $0.44 Consensus implies 3% revenue growth YoY versus $0.01 EPS in Q2 2024. For FY26, revenue is expected to decline nearly 8% YoY, but EPS is forecast to more than double on efficiency gains.
On Tuesday, Crypto.com and Trump Media & Technology Group, owner of President Donald Trump's Truth Social social media network, announced their intention "to launch a rewards system on the Truth Social and Truth+ platforms"-using Crypto.com's digital wallet and Cronos (CRO) digital currency as a utility token. The move marks yet another example of the president's ties to the crypto industry, as Trump has created a crypto-friendly regulatory environment during his second term.
