The Final Countdown for CLARITY: Senate Has Four Weeks to Act

[Fiatless]

Ultimate capitulation event? I think it's too early to call it that. Let's assume the Clarity Act is passed now, you shouldn't expect the market to react like many people actually expect and that's because a lot of investors may have already priced in the possibility.

The best approach for me now is to wait and see the final outcome and then see how the market and big investors will respond afterward.

Although there are some good proposals in the Clarity Act, I don't see it having so much effect on the price of Bitcoin. The Genius Act, which gives the US the power to establish a Bitcoin reserve, would definitely have more impact than this bill. So I guess anyone who is waiting for the impact of this bill to make a crypto investment decision might not be doing the right thing.

[rat03gopoh]

Democrats going to keep calling the bill corrupt as long as the bill doesn't clearly prohibit the president from benefiting off crypto. Pretty clear what the opposition senate wants and it's pretty clear why it won't happen as well, unless some miralce happen it won't pass.

And Trump has approved the ethics amendment⁽¹⁾, which is the final consideration for the Senate Democrats before approving it (requiring at least seven Senate seats from the opposition; the Republicans have 53⁽²⁾).

It's no wonder BTC responded to this positive signal.


1) https://bitcoinfoundation.org/news/regulation/us-clarity-act-agreement/
2) https://www.senate.gov/senators/

[sergiorus]

Democrats going to keep calling the bill corrupt as long as the bill doesn't clearly prohibit the president from benefiting off crypto. Pretty clear what the opposition senate wants and it's pretty clear why it won't happen as well, unless some miralce happen it won't pass.

And Trump has approved the ethics amendment⁽¹⁾, which is the final consideration for the Senate Democrats before approving it (requiring at least seven Senate seats from the opposition; the Republicans have 53⁽²⁾).

It's no wonder BTC responded to this positive signal.


1) https://bitcoinfoundation.org/news/regulation/us-clarity-act-agreement/
2) https://www.senate.gov/senators/

I don't know, the Polymarket odds briefly surged above 50% but now retraced back to 40%. There's still a lack of optimism regarding this bill.

I'm also still seeing conflicting information on the deadline, but from what has been posted today, seems like it either gets approved in the next 15 days, or they won't get back to it until 2027.



*EDIT*

Updates to the Clarity Bill just went public:

* SENATE CLARITY ACT WOULD BAN PRESIDENTS, OTHER FEDERAL OFFICIALS AND OTHER COVERED OFFICIALS, ALONG WITH THEIR SPOUSES FROM ISSUING OR SPONSORING CRYPTOCURRENCIES AND OTHER DIGITAL ASSETS: CNBC [INFINITYHEDGE]

* THE BILL REQUIRES COVERED OFFICIALS TO SELL THEIR CRYPTO HOLDINGS AND INVESTMENTS IN CRYPTO COMPANIES, PLACE THEM IN A BLIND TRUST THEY DO NOT CONTROL, OR BOTH

* ETHICS PACKAGE WOULD REQUIRE DISCLOSURE OF CRYPTO SALES EXCEEDING $1,000 AND DIRECT THE GOVERNMENT ACCOUNTABILITY OFFICE TO STUDY ADDITIONAL ETHICS GAPS: ET