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Katie_OKX
#CLARITYVoteFails50-49 CLARITY cloture failed 49-50. Needed 60. Not even close 📉
BTC briefly dipped below $75,000 on the news. Coinbase and Circle both fell. The market had been pricing in some probability of passage — now repricing that out 👀
The sticking points that killed it: Trump family crypto conflicts, stablecoin yields, state enforcement powers, consumer protections. Same four issues that have been circling for months. Nothing got resolved 🫠
But it's not dead yet. Republicans can move to reconsider, and some lawmakers floated a lame-duck revival. The question now is whether Congress restarts negotiations or the SEC and CFTC just start moving via administrative rulemaking instead 🤔
Administrative rulemaking without legislation = less crypto-friendly outcomes, more agency discretion, no congressional override. That's the scenario the industry was trying to avoid 🔥
49-50 on cloture — do you think a lame-duck revival is realistic, or is US crypto regulation heading into 2027 via agency rulemaking? 👇
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