Bessent hit the nail on the head: without CLARITY, the market's missing its backbone. And he's right—we're not just dumping because of technicals. Every time "delayed until 2027" hits the wires, Bitcoin quietly bleeds another 3–4%. Why? Institutions won't deploy billions into regulatory fog.
Right now, Trump's got a narrow window—before the 2026 midterms. Republicans hold the House by just 4 seats. Fragile. If Democrats flip it (Polymarket gives that a 37% shot), the entire pro-crypto momentum of this administration could evaporate. Dalio already warned: what isn't codified by 2026 gets undone.
Here's my take: regulatory clarity matters more than Fed rates right now. Rates are cyclical; rules are structural. Pass CLARITY by spring, and we don't just bounce—we trigger a fresh institutional wave. Stall until after the elections? Get ready for another year of sideways grinding under political uncertainty.
Question is: will they actually push it through before crypto becomes a bargaining chip in the next electoral circus?
