It just came out a moment ago—and it fell through
Final vote tally of today 15/09 at 2:15 pm (Washington time):
- 49 in favor x 50 against - needed 60 votes to move forward
- It was only a procedural vote (cloture) to begin the debate; it wasn't the final vote on the bill.
Why did it get stuck?
The Democrats, led by Elizabeth Warren, said the law did not prevent President Trump from profiting from crypto—he has already made more than US$ 1 billion from crypto business since taking office.
Even with Trump accepting 80% of the toughest ethics rules, they were not convinced. c7d5
Immediate reflection in the price:
- $BTC caiu para abaixo de US$ 76.000, -3.9%
- Coinbase ($COINB ) -9%
- Robinhood ($HOODB ) -3%
- Strategy ($MSTR) -4%
- Circle ($CRCL) -9%
Liquidations of US$ 287 million in 1 hour after the news.
What happens now?
The bill can be reintroduced in the next legislative session, but with the November midterms coming up, the path became very uncertain. For now, everything goes back to the SEC/CFTC rule by fiat.
