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Damn, I was just about to jump in today, and you tell me the entire ARC ecosystem has crashed?
It hasn't even started and it's already over? 😱
Apparently, foreigners saw the ARC chain livestream and it was full of faces of poor guys from Southeast Asia, and they immediately dumped on the spot, saying it's scarier than seeing FOMO interest hikes.
So surreal……
The crypto bill not passing did not cause a big impact on the market!
The Fed's rate hike expectations have been realized;
bitcoin:native is rock solid!
BITWU
⏰ Crypto bill not passed yet:
The key procedural vote on the "Cryptocurrency Market Structure Act" (the "CLARITY Act") early this morning
ended with 50 votes in favor and 50 against, failing to reach the 60-vote threshold needed for passage;
meaning this time the "CLARITY Act" vote did not pass and cannot enter the Senate's formal review process in the short term.
This vote result does not mean the bill is permanently dead, nor that it has been finally rejected; it only means the procedural debate on "whether to enter review" failed this time,
so the bill cannot proceed to subsequent amendment discussions for now. The bill still has a basis of principled support, but the current version failed to form a broad enough bipartisan coalition.
One of the main drafters of the "CLARITY Act," Cynthia Lummis @SenLummis, along with several politicians including @SenTedCruz, stated the main reason lies with the Democrats, who have never seriously taken consumer protection and maintaining U.S. leadership seriously.
They accused them of "bringing politics into it" and warned this could push the crypto industry and related jobs overseas.
What are the key points to watch for in the Fed's rate decision tonight?
This FOMC rate decision will be announced at 2:00 AM Beijing time on September 17, with a press conference at 2:30 AM.
The market is currently highly expecting a 25bp rate hike;
This is almost a done deal!
I think if it's just a single rate hike without plans for consecutive hikes, it might actually be positive. But if it's +25bp and the dot plot continues to be revised upward, with hikes continuing in December and even into 2027, that would be quite challenging!
The key is that Warsh, that old fellow, always uses very vague wording,
which makes it really difficult for us!
⏰ Crypto bill not passed yet:
The key procedural vote on the "Cryptocurrency Market Structure Act" (the "CLARITY Act") early this morning
ended with 50 votes in favor and 50 against, failing to reach the 60-vote threshold needed for passage;
meaning this time the "CLARITY Act" vote did not pass and cannot enter the Senate's formal review process in the short term.
This vote result does not mean the bill is permanently dead, nor that it has been finally rejected; it only means the procedural debate on "whether to enter review" failed this time,
so the bill cannot proceed to subsequent amendment discussions for now. The bill still has a basis of principled support, but the current version failed to form a broad enough bipartisan coalition.
One of the main drafters of the "CLARITY Act," Cynthia Lummis @SenLummis, along with several politicians including @SenTedCruz, stated the main reason lies with the Democrats, who have never seriously taken consumer protection and maintaining U.S. leadership seriously.
They accused them of "bringing politics into it" and warned this could push the crypto industry and related jobs overseas.
BITWU
The "CLARITY Act" is still progressing,
The Senate cloture procedural vote, which requires 60 votes to proceed, will take place tomorrow.
The Republican side claims that this version has already incorporated 126 substantive amendments proposed by the Democrats.
From what I remember, the U.S. initially had very strict policies on cryptocurrency, with a period of suppression when Yellen was still around, and she criticized Bitcoin every time she appeared.
Then things started to reverse with Musk and Dogecoin; the U.S. went from massive stimulus during the pandemic to moving from an ambiguous phase directly to openly supporting and globally endorsing crypto.
If we divide U.S. crypto policy into three stages, I think it can be viewed like this:
2017–2021:
Crypto went from resistance to ambiguity.
2021–2025:
From ambiguity to open support and full development.
2025–2026:
Crypto becomes a new industry that needs regulation.
After CLARITY:
Crypto begins to become part of the U.S. financial infrastructure.
So even if this time CLARITY doesn’t get 60 votes due to political reasons, I think the overall direction of U.S. crypto policy is already very clear.
First, this thing has become a basic national policy. It’s not something anyone can change. The U.S. needs cryptocurrency; it’s not cryptocurrency that needs the U.S. I’ve said this logic many times before.
Second, the White House has clearly stated that if Congress fails, the SEC and CFTC will still continue to use existing rulemaking authority to advance the regulatory framework.
What both sides are now debating are the guardrails, not whether crypto should exist. The existence and development of crypto is an undisputed fact.
I think about the topic of choice, especially the choice of life:
Don't procrastinate; do it as soon as you think of it. When you encounter something interesting or a moment that excites you, you should immediately try it, perceive it, and broaden your exposure.
If a person always procrastinates, giving themselves various reasons to delay, and it eventually becomes habitual procrastination, then procrastination will quietly change the problem itself and your own habits:
Trying means having the right to choose; the right to choose means a larger area of luck; a larger area of luck means a greater possibility of success.
Once procrastination becomes a habit, the right to choose becomes very limited and eventually suddenly disappears.
It is more like a door slowly closing. After you procrastinate for a long time, this door will get smaller and smaller, and eventually, the crack in the door may only let in a little light. At that time, your world will be dim.
