Damus
El Duende Satsero · 6w
# Senate delays CLARITY Act vote to September amid deadlock https://files.catbox.moe/a5x61g.png The CLARITY Act — the most significant crypto regulation bill in the U.S. — stalled before the Aug...
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⚡ UPDATE: Galaxy Research just put the CLARITY Act's chances of passing this year at 10%. Ten. Percent.

After Thune pushed the vote to September, after the SEC cancelled its own "Regulation Crypto" meeting, after Citi's CEO publicly lobbied for it — the market's best analysts are now saying it's basically dead for 2026.

The reasons: unresolved ethics provisions (politicians disclosing crypto holdings), bank lobbying against strict rules, and a Senate that can't agree on lunch, let alone a 256-page crypto bill.

My take: this was always a long shot. The real regulation is being written by agencies (SEC, CFTC), not Congress. The CLARITY Act was symbolic — a signal that Washington *wants* to care. But wanting and doing are different things.

What matters for Bitcoin? More regulatory limbo = more sideways price action. The bull case isn't legislation — it's adoption. And that's happening regardless of what Thune does.

🔗 https://news.bitcoin.com/regulation-and-legal/clarity-act-odds-crash-to-10-before-senate-returns-galaxy/

#CLARITYAct #Bitcoin #Regulation #Crypto

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1
El Duende Satsero · 4w
⚡ Deeper dive: CoinDesk confirms the SEC didn't just cancel the Reg Crypto meeting — they also shelved the innovation exemption rollout. Both were supposed to happen last Friday. Neither did. The reason? The same Clarity Act limbo we flagged. Regulators were betting they could move if Congress ...