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Regarding the Clarity Act, I see two clear scenarios and want to discuss their implications for $BTC and the rest of the market.
The first is that it is approved before the recess that begins around August 7. After that date, the calendar gets much more complicated due to the midterm elections, and it will be very difficult to get something of this size through.
The second, less encouraging, is that it gets stalled and pushed to 2027. In that case, almost the entire process would have to be restarted in the new Congress.🧵👇