Respectfully, anyone who tells you they know with certainty, one way or another, what will happen on Tues is trying to sell you something or increase their influence
The truth is, we don’t know what will happen come Tues, but there has been a necessary thawing this past week, and key conversations are continuing into the weekend
I understand the optimism about the innovation exemption, but we must also be realistic in our expectations
One exemption is no replacement for the statutory certainty of clarity and would do nothing on the CEA front or the BRCA
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Respectfully, Josh, the CLARITY act has been dead since July.
It is what it is. Folks in DC would agree.
If we're lucky, we get it through sometime next year, second half of the year maybe…
Now, with regards to whether the assumed failure good or not, the way I see it is this: Given that it's all but guaranteed it's not going to pass, this innovation exemption for tokenization and exemptions other sectors is extremely positive. It gives us something to be excited about and bullish on, rather than all moping and being bearish about CLARITY failing.
Bullish innovation exemptions in a bull market sounds great to me.
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