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Wall Street Giants Back $15M Push to Quantum-Proof Bitcoin as the CLARITY Act Nears a Do-or-Die Deadline

July 27 · 30 min
0:00-30:47

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On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Charles Schwab Head of Crypto Research Jim Ferraioli, who breaks down the odds of a Fed hike, why he believes the CLARITY Act is not yet priced into Bitcoin, and his finding that some 60% of Bitcoin's daily price move can't be tied to macro factors.

Galaxy Head of Firmwide Research Alex Thorn unpacks the newly launched $15 million Bitcoin Security Consortium — backed by nine firms including BlackRock, Coinbase, Fidelity, Galaxy, and Strategy — and Galaxy's own $5 million Bitcoin Quantum Readiness Initiative, while making the case that CLARITY is in its "11th hour" ahead of the August recess.

Finally, FalconX Head of Derivatives Griffin Sears kicks off CoinDesk's Perps Week, explaining how perpetual futures jumped from crypto into oil, single-name equities, and pre-IPO SpaceX exposure. Plus, a look at ETF flows and a Crypto Fear & Greed reading stuck at 30.

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Timecodes:

00:00 Welcome to Public Keys

00:23 Charles Schwab's Jim Ferraioli Joins

00:40 Fed Hike Odds and What to Watch This Week

02:16 Why the CLARITY Act Isn't Priced Into Bitcoin

04:35 60% of Bitcoin's Price Move Is Unexplained

06:30 Ether ETFs Outperform Bitcoin

07:56 What's Really Driving Ethereum's Flows

09:33 Bitcoin's Year-End Outlook and $95K Fair Value

12:02 $15M Bitcoin Security Consortium Launches

12:29 Galaxy's Alex Thorn on Quantum Readiness

16:33 Is $15M Enough to Secure Bitcoin?

19:07 The CLARITY Act at the 11th Hour

21:15 Bitcoin and Ether ETF Flows Diverge

23:05 FalconX's Griffin Sears Kicks Off Perps Week

25:55 Perps Move Into TradFi and Pre-IPO Bets

28:46 What's Still Holding Perps Back

30:15 Crypto Fear & Greed Stuck at 30