Week 20 (2026) · BTC Weekly

Balanced · Trusted · Concise

The Senate Banking Committee voted 15–9 on May 14 to advance the Digital Asset Market Clarity Act to the Senate floor, while Strive announced the first daily cash dividend structure in U.S. securities history on its Bitcoin-backed SATA preferred shares the same day. Strategy opened a shareholder vote on May 11 to shift its STRC preferred stock to semi-monthly payments.

1 · Regulation

Senate Banking Committee Advanced the CLARITY Act on a 15–9 Vote — the First Comprehensive Crypto Market Structure Bill to Clear a Major Committee

The Digital Asset Market Clarity Act of 2025 assigns the CFTC as primary regulator for most digital commodities while preserving SEC jurisdiction over digital securities — the first statutory framework to draw that boundary in U.S. law. Two Democrats — Ruben Gallego of Arizona and Angela Alsobrooks of Maryland — joined all Republicans on the panel in voting for the bill. The legislation now moves to a floor merge with a parallel version approved by the Senate Agriculture Committee before a full Senate vote; no floor date has been scheduled. More than 100 amendments are pending — including over 40 filed by Senator Elizabeth Warren — with debates centering on stablecoin yield restrictions and ethics language governing elected officials' crypto holdings.

If enacted, the CLARITY Act would be the first federal statute to codify explicit jurisdictional lines between the SEC and CFTC for digital assets, replacing a period in which enforcement actions defined the regulatory perimeter.

(Bloomberg, CNBC, Fortune)

2 · Institutional

No U.S. Security Has Ever Paid Daily Cash Dividends. Strive's SATA Changes That.

Payments begin June 16, compounding SATA's stated 13% annual rate across approximately 250 business days to an effective APY of 13.88%. Strive (ASST) made the announcement on May 14 alongside first-quarter earnings, which reported a net loss of $265.9 million — the majority driven by mark-to-market declines on its 15,009 BTC treasury, ranked ninth among publicly traded corporate Bitcoin holders globally. The company also announced elimination of all outstanding debt. The daily cadence mirrors the accrual schedule used in money market instruments and represents the first application of that structure to a publicly listed preferred security in U.S. markets.

Daily distribution compresses the reinvestment gap from 30 days to one business day, increasing the effective yield on the same stated annual rate — a structural instrument design with no prior equivalent in U.S. public markets.

(CoinDesk, GlobeNewswire)

3 · Institutional

Strategy Opens Vote to Double STRC's Dividend Frequency — Without Changing Its Yield

The shareholder vote opened May 11 and closes June 8; if approved, the first semi-monthly payment on the preferred stock would arrive July 15. STRC currently pays an 11.5% annual dividend — representing approximately $1.2 billion in total annual obligations — on a monthly schedule; the amendment restructures payment timing only, leaving the rate unchanged. Both MSTR equity shareholders and STRC preferred holders must vote separately for the measure to pass, with eligibility set at the April 17 record date. Strategy cited semi-monthly alignment with U.S. payroll cycles and a reduction in post-ex-dividend price volatility as the primary rationales.

If approved, STRC would become the first preferred stock backed by a corporate Bitcoin treasury to pay on a semi-monthly schedule, creating more evenly distributed windows for Strategy to deploy dividend income toward additional Bitcoin purchases.

(Strategy, Yahoo Finance)

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