Clarity Act Progress Positions Ethereum as Top Crypto Buy Near $1,757

Congressional advancement of the Digital Asset Market Clarity Act has emerged as the latest catalyst for Ethereum, highlighting its dominant 50% share of DeFi TVL and positioning it for institutional adoption. This follows the Ethereum Foundation's July 1 non-technical guide promoting EVM infrastructure for government tokenization and identity use cases. Earlier in the period, Vitalik Buterin's June 29 essay underscored that indistinguishability obfuscation remains computationally impractical, while Foundation restructuring, $4 million in Aztec exploits, and persistent price weakness below $5,000 weighed on sentiment. With over 32% of ETH staked and exchange balances declining, regulatory clarity now offers a longer-term bullish narrative despite near-term odds of passage at only 50%. ETH currently trades near $1,756.91.