We want to make our CEO Notes maximally useful for you.

So, before this week’s note, here is the calendar that will move this market.

It is the busiest macro-plus-policy week of the summer, and almost all of it lands on Tuesday.

The Week Ahead

  • Tuesday, July 14 — CPI and five megabank earnings, same morning. June CPI hits at 8:30 AM ET, with headline inflation expected to cool to 3.7% from 4.2%. JPMorgan, Citi, Bank of America, Wells Fargo, and Goldman all report Q2 before the bell. Why it matters: Four of those five banks are building on-chain money networks. Listen for tokenized deposit and digital asset commentary on the calls, not just the numbers.

  • Tuesday & Wednesday — Fed Chair Warsh’s first congressional testimony. House Financial Services on Tuesday, Senate Banking on Wednesday, both at 10 AM ET. His first appearance since taking over in May. Why it matters: This is the single biggest swing factor for digital asset liquidity this week. A hawkish tone deepens the malaise; a dovish lean is the relief trade.

  • Thursday, July 17 — House hearing on the CLARITY Act. House Financial Services convenes on H.R. 3633 while the Senate’s merged Banking-Agriculture draft is expected any day, with floor action targeted for the week of July 20. Three fights remain open: the ethics standoff over officials’ crypto holdings, the Section 604 developer protections, and Senator Warren’s sanctions-evasion charge. Why it matters: The Senate has roughly three weeks before recess. Momentum this week decides whether market structure passes in 2026.

  • By Saturday, July 18 — the GENIUS Act rulebook is due. Regulators must translate the stablecoin law into concrete rules that determine which issuers can operate in the US. Why it matters: This is the sorting mechanism. Issuers that clear the bar become regulated financial infrastructure; the rest get locked out of the US market.