Post-FOMC Debrief, Treasury Companies Under Pressure & CLARITY Stalls Again

In the latest CF Benchmarks live X Space, recorded July 30 2026, Head of Research Gabe Selby, CFA is joined by Research Analyst Mark Pilipczuk, Kraken Chief Economist Thomas Perfumo, CFA, and special guest Tyler Evans, Co-Founder and Chief Investment Officer of UTXO Management.

Tyler is a career Bitcoiner. He co-founded BTC Inc, the publisher behind Bitcoin Magazine and The Bitcoin Conference, before launching UTXO Management, a Bitcoin-native asset manager focused on asymmetric opportunities across public and private markets.

The Fed held for a fifth consecutive meeting with three regional presidents dissenting in favor of a hike, the most unified dissent since 2016. The 30 year yield closed at its highest level since 2007. Q2 GDP came in at 1.5% against expectations near 2.1%. Strategy raised another $544 million of common equity without buying a single Bitcoin. And with the Senate's August recess days away, the CLARITY Act remains stuck behind an unresolved ethics provision. The panel works through what all of it means for Bitcoin, treasury companies, and the broader crypto market.

Chapters:

00:00 – Intro & Team Welcome

04:02 – Grading Warsh's Second Press Conference

08:14 – Three Inflation Shocks & the Case for a Hold Through Year-End

12:52 – The Yen at 40-Year Lows & the Carry Trade Read-Across

14:24 – Is the Fed Losing Control of the Long End?

16:22 – Yield Curve Control: Playing Against the House

20:47 – GDP Misses at 1.5%: Soft Headline, Firmer Internals

23:08 – Best Case, Worst Case: Oil, Tariffs & the AI Capex Wobble