Alpaca Controls Ninety-Four Percent of Tokenized Stocks as CLARITY Act Faces Final Two Weeks

Chain Reaction by Capital Copilot · Jul 27, 2026 · 3m · transcript

July 27th, 2026: Bitcoin trades at sixty-five thousand two hundred eighty-seven dollars as Middle East tensions ease, sending oil down seven percent. Alpaca, a California brokerage, now controls ninety-four percent of the tokenized equities market-one point five billion dollars backing Binance, Kraken, and other platforms-exposing a fundamental contradiction in crypto's promise to eliminate intermediaries. The CLARITY Act enters its final two weeks before August recess with ethics provisions still unresolved. We examine the wave of crypto failures including BitMart's shutdown following…