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$PI There is significant uncertainty regarding implementation in 2026. It is currently in a "hanging by a thread" state, with a passage probability of about 50%-60%. Although the Senate intends to push it forward, due to a narrow time window and political gaming, if the vote is not completed before August, the chances of passage within the year are slim.
📅The time window is extremely tight.
Key deadline: Congress reconvenes on July 13 and will recess in early August, leaving only about three weeks for actual legislative action.
Procedural pressure: The bill must go through a full Senate vote and be reconciled with the House version, making it extremely difficult to complete all steps in such a short timeframe.
Our Pi has ended up in its current state largely due to the law mentioned above. It can be said that all problems are bottlenecked here. When this law passes, we will turn things around. This is the darkness before dawn!