đşđ¸ THE CLARITY ACT JUST GOT BLOCKED. BUT WHATâS NEXT? $BTC $ETH $XRP
First of all: CLARITY is not dead. But with the midterm elections approaching, the legislative window is closing fast.
There are two possible scenarios now:
⢠Lawmakers quickly negotiate another compromise and bring the bill back for another Senate vote.
⢠The bill gets pushed beyond the midterm elections.
Obviously, scenario 2 is much more likely. And thatâs also what markets have priced in.
After the vote, Bitcoin briefly crashed below $75,000 for the first time since August. Over $300 million worth of crypto longs were liquidated.
If CLARITY gets pushed beyond the midterms, what happens next depends heavily on who wins.
If Republicans keep control, lawmakers can revive the bill and try again, although the process would likely take months.
If Democrats win, passing the Republican-backed version becomes much harder and would likely delay crypto legislation for years.
CLARITY isnât dead. But todayâs vote may have closed its best near-term window for passage.
#FedRateWatch
#ClarityActOddsHalveOnPolymarket
#xrp #BTC
First of all: CLARITY is not dead. But with the midterm elections approaching, the legislative window is closing fast.
There are two possible scenarios now:
⢠Lawmakers quickly negotiate another compromise and bring the bill back for another Senate vote.
⢠The bill gets pushed beyond the midterm elections.
Obviously, scenario 2 is much more likely. And thatâs also what markets have priced in.
After the vote, Bitcoin briefly crashed below $75,000 for the first time since August. Over $300 million worth of crypto longs were liquidated.
If CLARITY gets pushed beyond the midterms, what happens next depends heavily on who wins.
If Republicans keep control, lawmakers can revive the bill and try again, although the process would likely take months.
If Democrats win, passing the Republican-backed version becomes much harder and would likely delay crypto legislation for years.
CLARITY isnât dead. But todayâs vote may have closed its best near-term window for passage.
#FedRateWatch
#ClarityActOddsHalveOnPolymarket
#xrp #BTC
