Zcash Continues Rally, Strategy Considers Selling Bitcoin, and White House Sets July 4 Deadline for CLARITY Act

Takeaways

• Zcash continues to surge as institutional interest picks up: The move higher caused nearly $62 million in liquidations among about 5,000 traders, with $60 million coming via shorts betting the price would go lower. Zcash has had an eventful past 12 months, pushing as high as $744 in November 2025 before dropping down to almost $200 in February during the recent crypto bear market. But the coin has been on fire over the past 30 days, pushing higher amid new concerns over quantum computing and privacy protocols for cryptocurrencies.
  
  
• Strategy will consider selling bitcoin but wants to continue stacking: Strategy CEO Phong Le said the potential shift in strategy is aimed at maximizing the company’s bitcoin-per-share. Strategy posted $12.54 billion in net losses in Q1, which was primarily attributed to the drop in bitcoin price. “We will sell bitcoin when it’s advantageous to the company,” Le said. “We want to be net aggregators of bitcoin – increasing our total bitcoin, but more importantly, increasing our bitcoin per share because we think that is what is going to be most accretive long term for MSTR.”
  
  
• White House sets July 4 deadline for CLARITY Act: That would leave time for the House of Representatives to reconcile the legislation after it passed a previous version of the bill last year, then send it to the White House for final passage. "We're targeting July 4," Witt said. "I think that would be a tremendous birthday present for America, celebrating our 250th." The latest version has been stalled for months over a disagreement on how to treat stablecoin rewards, but a compromise was reached last week.
  
  
• Tokenized US treasuries reach $8 billion on Ethereum: BlackRock’s BUIDL fund marks the largest tokenized treasury vehicle, with total value of approximately $2.63 billion, followed by the USDY token from Ondo Finance with $2.14 billion, and Franklin Templeton’s iBENJI, with about $2.1 billion. The move comes as institutions show growing interest in merging traditional financial products with blockchains to improve efficiency and functionality.

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