#Gate广场五月交易分享 【Major Market Events】Three major happenings in the past two days and their potential impacts

Trump's visit to China, CLARITY Act Banking Committee vote, Wash's appointment as Federal Reserve Chair—these three events have occurred intensively over the past two days, forming one of the most significant nodes in recent years for crypto regulation and macro landscape.

The three major events occurring intensively
Event 1: Trump's visit to China (May 13–15)
Trump led a delegation of 16 business leaders to China, including Elon Musk, Tim Cook, and financial giants like Goldman Sachs and Blackstone. This marks the U.S. president's first visit to China in 9 years.

For the crypto market, the most direct positive effect of the visit is a warming of risk sentiment—trade friction easing implies a marginal weakening of the dollar, and crypto assets are unaffected by international tariffs, offering an extra premium under the "de-dollarization" narrative.
Event 2: CLARITY Act Banking Committee vote (May 14)

HR3633 will resolve the long-standing regulatory jurisdiction dispute between the SEC and CFTC. Over the past year, the crypto industry has spent over $21 million lobbying for this bill.

More critically, the timing window: Senators Lummis and Moreno warned that if the bill fails to pass the committee before Memorial Day on May 21, the next feasible legislative window might be delayed until after 2030. The White House has set July 4 as the target for presidential signing. This is a historic milestone for crypto compliance—whether it passes or not will directly determine the timeline for institutional capital entry.

Event 3: Wash officially appointed as Federal Reserve Chair (May 15)
The Senate confirmed Wash with a vote of 54–45. He is the first Fed Chair in history to hold direct exposure to crypto assets at the time of appointment, owning shares in Bitwise (Bitcoin spot ETF manager) and the Bitcoin payment startup Flashnet. But there is a duality: BTC fell 6% on his nomination day, and over the next 10 days, it declined a total of 14%. The market prices him as the most hawkish Fed candidate in recent years, favoring "monetary discipline" and balance sheet reduction. His personal sentiment towards Bitcoin does not equate to a loose monetary policy—that is the most important distinction to note.

Multi-dimensional impact comparison of the three events
From short-term sentiment, medium-term institutional, and long-term structural perspectives, assess the intensity of these three major events' impact on the crypto market (score out of 10).

Crypto Price and Event Timeline
Bitcoin plunged 14% during Wash's nomination in January, rose countertrend during the tariff turmoil in early April, and this week’s three major events have all come to fruition.

Potential impacts: one risk hidden among three positives
The stacking of these three events within the same week constitutes the most intensive policy signal window for the crypto market in recent years.

- If the CLARITY Act passes the committee smoothly, it would be the strongest structural positive with far-reaching influence. It signals that the U.S. crypto compliance countdown has begun, unlocking larger-scale institutional capital inflows;
- Wash’s appointment as Chair symbolizes more than immediate monetary policy impact—his hawkish rate stance reflects real pressure—long-term bullish, short-term rate expectations need to be digested;
- Trump's visit to China temporarily boosts risk sentiment and weakens dollar pressure, providing a marginal positive for Bitcoin.
The three factors align in direction: long-term bullish, short-term digesting hawkish rate expectations.