This is a very interesting week for $BTC because two completely different forces are colliding. The CLARITY Act just got a major boost after Trump agreed to key ethics provisions, and Senate Republicans released a revised version with 126 changes aimed at winning Democratic support. Prediction-market odds moved back above 30%. At the same time, the Fed is heading into its September decision with markets heavily focused on a possible 25 bps hike. A hike would normally pressure risk assets through tighter financial conditions and higher yields. So which one matters more? CLARITY is a structural catalyst. The Fed is a liquidity catalyst. If CLARITY advances, it could improve regulatory certainty, institutional confidence and the long-term investment case for crypto. But a Fed hike can hit the entire market immediately. That’s why I wouldn’t assume a positive CLARITY vote automatically means $BTC goes higher. The real bullish setup would be: CLARITY progress + Fed hike priced in + a less-hawkish rate path. That combination could give Bitcoin both a fundamental catalyst and a liquidity relief valve. But if CLARITY passes while the Fed signals more tightening, the macro headwind could still dominate in the short term. So can CLARITY beat a Fed hike? Maybe. But Bitcoin needs more than good regulation. It needs liquidity to follow the narrative. 👀 $BTC $ETH