🚨 Why didn’t the 《CLARITY Act》 pass? A 600-page bill—ultimately it died on a single sentence.
Senate vote: 49:50. It missed the 60 votes needed to advance by 11.
The real blockage isn’t crypto regulation itself.
The controversy centers on conflicts of interest among top officials: officials hold stakes in relevant companies that need to be sold or relinquish control; but the authority to investigate violations is assigned to the Department of Justice.
The core reason Democrats opposed is:
The Department of Justice is under the president—who investigates the president and top government officials?
Lummis refused to keep revising and went straight to a vote. In the end, with no Democratic support, four Republicans also voted against.
Meanwhile, the banking industry is also pressuring stablecoin yield rules, further complicating negotiations.
But this time, $BTC dropping to around $75,000—I think the bill is only the spark.
Over the past 24 hours, about $770 million in positions were liquidated, including $570 million from longs.
The bad news hits the ground—leverage gets washed out.
Now I’m actually starting to look for low-buy opportunities.
Next, I’ll only watch three time points:
Wednesday: the Fed’s interest rate decision + the chair’s remarks.
Friday: the Bank of Japan.
If macro doesn’t produce any new, unexpectedly bad surprises, this week’s uncertainty should largely be released.
I lean toward BTC moving back up after September 18.
The only thing to watch out for is:
The market is still tilted bullish right now—before the real up move, there may be one last round of long liquidations.
#BTC #CLARITYAct #Crypto
Senate vote: 49:50. It missed the 60 votes needed to advance by 11.
The real blockage isn’t crypto regulation itself.
The controversy centers on conflicts of interest among top officials: officials hold stakes in relevant companies that need to be sold or relinquish control; but the authority to investigate violations is assigned to the Department of Justice.
The core reason Democrats opposed is:
The Department of Justice is under the president—who investigates the president and top government officials?
Lummis refused to keep revising and went straight to a vote. In the end, with no Democratic support, four Republicans also voted against.
Meanwhile, the banking industry is also pressuring stablecoin yield rules, further complicating negotiations.
But this time, $BTC dropping to around $75,000—I think the bill is only the spark.
Over the past 24 hours, about $770 million in positions were liquidated, including $570 million from longs.
The bad news hits the ground—leverage gets washed out.
Now I’m actually starting to look for low-buy opportunities.
Next, I’ll only watch three time points:
Wednesday: the Fed’s interest rate decision + the chair’s remarks.
Friday: the Bank of Japan.
If macro doesn’t produce any new, unexpectedly bad surprises, this week’s uncertainty should largely be released.
I lean toward BTC moving back up after September 18.
The only thing to watch out for is:
The market is still tilted bullish right now—before the real up move, there may be one last round of long liquidations.
#BTC #CLARITYAct #Crypto
