The U.S. Senate’s procedural vote on the “Clarity Act” is expected to begin at around 2:15 a.m. Beijing time tomorrow (September 16).
This is only a vote on whether to open a formal debate, which requires 60 votes.
The Republicans have about 53 seats, so in theory they still need to pull at least seven votes from Democrats/independents.
Even if it passes, it only means moving into the debate and amendment stage. There are still steps afterward—substitute amendments, final passage, then going back to the House of Representatives, etc.—so it absolutely does not mean the bill has already passed.
And people who have traded on events around the vote on this bill have effectively already ridden the roller coaster. Right now, on social media, some foreign trader-commentators are already complaining:
- Sunday night: Media released the final Republican CLARITY draft. Trump made concessions on the ethics provisions. The market treated it as “the bill is looking promising,” and started to rise, with $BTC briefly reaching about 79,586.
- Monday night: Then news came out that the Democrats would not accept this draft and wanted to introduce a counter-proposal. The bearish signal was confirmed, and trading started to dump, falling back to around 77,600.
First release good news to pump, then release bad news to dump—on the short term, event-driven orders and futures/derivatives positions are very easily hit on both sides.
If you want to go deep into the crypto space but can’t find a starting point, and you want to quickly get up to speed by learning how to spot information gaps, come talk with me in my chat room. You’ll gain first-hand information and in-depth analysis!
This is only a vote on whether to open a formal debate, which requires 60 votes.
The Republicans have about 53 seats, so in theory they still need to pull at least seven votes from Democrats/independents.
Even if it passes, it only means moving into the debate and amendment stage. There are still steps afterward—substitute amendments, final passage, then going back to the House of Representatives, etc.—so it absolutely does not mean the bill has already passed.
And people who have traded on events around the vote on this bill have effectively already ridden the roller coaster. Right now, on social media, some foreign trader-commentators are already complaining:
- Sunday night: Media released the final Republican CLARITY draft. Trump made concessions on the ethics provisions. The market treated it as “the bill is looking promising,” and started to rise, with $BTC briefly reaching about 79,586.
- Monday night: Then news came out that the Democrats would not accept this draft and wanted to introduce a counter-proposal. The bearish signal was confirmed, and trading started to dump, falling back to around 77,600.
First release good news to pump, then release bad news to dump—on the short term, event-driven orders and futures/derivatives positions are very easily hit on both sides.
If you want to go deep into the crypto space but can’t find a starting point, and you want to quickly get up to speed by learning how to spot information gaps, come talk with me in my chat room. You’ll gain first-hand information and in-depth analysis!
