Congress and Crypto

Clarity Act is Dead Status Quo Set Till 2029

Clarity Act is Dead Status Quo Set Till 2029

That’s the whole message in a nutshell. With the failure in the Senate, which is pretty wild given Dem Senators were using a yes vote for the procedural vote last night, the status quo is locked in till 2029.

Why 2029? Because next Congress even in the perfect scenario for the Dems they just mathematically can’t secure veto proof majorities. The Trump Admin isn’t going to go any further with Dem demands given the Admin has accepted more and more changes and the Dems won’t. So they will just ride it out till this does not affect them anymore.

Even then in 2029 who knows what a House, Senate, or Presidential map will look like.

This is just like social media except Senate Dems are what sunk any sort of regulation outside of stablecoins (which mind you the yield earning ability of them was a huge sticking point for them but they just killed doing anything rather than negotiating).

           

 

 

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Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_


Congress and Crypto
Congress and Crypto

News and updates on all of the latest Congressional hearings, legislation, rumors, and more!

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