Spot on — that's exactly what happened Tuesday Sep 16.$G $F $MYX
*Official tally:*
- *Cloture failed 49-50*, needed 60
- *4 GOP no:* Jerry Moran, Susan Collins, Josh Hawley, Thom Tillis (Tillis flipped yes→no procedurally to allow reconsideration)
- *All Democrats no* — two blockers:
1. *Ethics:* Dems wanted ban on officials (Trump) profiting from crypto — Trump disclosed >$1B from World Liberty etc
2. *Stablecoin yields:* GOP bank wing wanted hard ban on yield-bearing stablecoin rewards to protect deposits
*Market hit:*
- BTC 5.3% to <$75k, Coinbase -10%, Circle -11%
*Status:*
Not dead — Tillis maneuver keeps it on calendar for reconsideration, but with midterms looming, Senate not expected to pick it back up this year. Bernstein: ball now with SEC/CFTC to use existing authority.#BTCBreaks80K #BuffettBecomesBerkshireChairmanEmeritus #HYPEJumpsOver11%
*Official tally:*
- *Cloture failed 49-50*, needed 60
- *4 GOP no:* Jerry Moran, Susan Collins, Josh Hawley, Thom Tillis (Tillis flipped yes→no procedurally to allow reconsideration)
- *All Democrats no* — two blockers:
1. *Ethics:* Dems wanted ban on officials (Trump) profiting from crypto — Trump disclosed >$1B from World Liberty etc
2. *Stablecoin yields:* GOP bank wing wanted hard ban on yield-bearing stablecoin rewards to protect deposits
*Market hit:*
- BTC 5.3% to <$75k, Coinbase -10%, Circle -11%
*Status:*
Not dead — Tillis maneuver keeps it on calendar for reconsideration, but with midterms looming, Senate not expected to pick it back up this year. Bernstein: ball now with SEC/CFTC to use existing authority.#BTCBreaks80K #BuffettBecomesBerkshireChairmanEmeritus #HYPEJumpsOver11%
