Trump stood on stage shouting "I support crypto," to thunderous applause from the crowd, but the bill lay dormant in the Senate for nine months.

Guess who pressed the pause button?

The CLARITY Act passed last July in the House with 294 votes in favor and 134 against, a large majority.

Over 120 crypto companies jointly urged action.

Treasury Secretary Yellen personally wrote in The Wall Street Journal, saying it was a matter of national security.

And the result?

Senate Banking Committee Chairman Tim Scott has yet to set a review date.

May 25, Memorial Day, is the last window.

Missed it? Then wait until 2027.

2027.

Did Trump really do anything?

Last week, he reiterated at a private event in Florida: support for the development of the crypto industry.

Applause from the crowd. Media sharing. Everyone excited.

And then?

The bill still remains stagnant.

The real deciders of whether the bill passes are not his words, but the few people in the Senate Banking Committee.

And who stands behind those people?

The real resistance has never been "not understanding crypto"

It's the banking industry.

The stablecoin profit clauses in the CLARITY Act threaten banks' profits.

DeFi compliance clauses have been stuck without resolution.

Plus, in April, KelpDAO was hacked for 292 million dollars, and Drift Protocol for 285 million dollars—

Opponents clapped their hands: see, I told you it’s unsafe.

Powell is also counting down.

April 29 was his last FOMC press conference.

On May 15, he officially stepped down.

He now holds two options:

Hawkish → signals rate hikes, market cheers, but he admits to political pressure.

Dovish → dollar strengthens, risk assets come under pressure, his "soft landing" achievement may be lost.

In short, two paths.

One makes you happy, the other makes you bleed.

But don’t rely on him too much.

The Fed chair’s job has never been to make you money.

Verbal support is the cheapest leverage, costs nothing, and can still harvest votes.

No movement before May 25, next time we meet will be in 2027. You can wait, but your positions cannot.

I’m not trying to make you panic, I want you to be clear.

Crypto legislation has never been a technical issue, nor a security issue, but an issue of interests.

Banks don’t want to give up their share, politicians don’t want to offend their financiers.

We want a transparent market — which is exactly what no one wants to give. #加密市场普遍上涨 #白宫记协晚宴发生枪击事件 $BTC $ETH