Did you think about that crypto market structure bill before the midterm election? Go wash up and sleep.
TD Cowen put it plainly: the probability of passing it before November is next to zero. With this kind of bipartisan bickering, it doesn’t even make the priority list in an election year—lawmakers are focused on campaigning. Who has the time to clarify the SEC vs. CFTC jurisdiction for you?
So don’t treat this as a short-term positive to trade on. If it actually gets implemented, it’ll be at least next year. The price chart has already pulled back the “priced-in” sweet-talk portion for you. #CryptoRegulation #MidtermElections $BTC $ETH
TD Cowen put it plainly: the probability of passing it before November is next to zero. With this kind of bipartisan bickering, it doesn’t even make the priority list in an election year—lawmakers are focused on campaigning. Who has the time to clarify the SEC vs. CFTC jurisdiction for you?
So don’t treat this as a short-term positive to trade on. If it actually gets implemented, it’ll be at least next year. The price chart has already pulled back the “priced-in” sweet-talk portion for you. #CryptoRegulation #MidtermElections $BTC $ETH