US Senator Tim Scott is gearing up to shoot down a dozen crypto bill amendments, citing drafting errors. This legislation is likely to get caught up in another round of partisan tug-of-war.
This is way too intense, the bureaucratic games in America never change. We were originally counting on the compliance bill to provide clear market expectations, but it’s stuck on some trivial ‘typo’ nonsense. From a macro perspective, the struggle to get regulatory policies out is the biggest drag on liquidity; institutional big bucks hate this kind of uncertainty. As long as the bill isn’t finalized, long-term capital waiting in the wings can only watch from the sidelines. The compliance narrative has been drawn out for so long, and the market trends will still depend on these politicians dragging their feet. The seasoned traders are already used to this.
Is this really a mistake, or just a performance to buy time? Do you think this regulatory shoe will drop this year?
#CryptoRegulation #USEconomics #Liquidity #MacroNarrative #SEC #TimScott $BTC
This is way too intense, the bureaucratic games in America never change. We were originally counting on the compliance bill to provide clear market expectations, but it’s stuck on some trivial ‘typo’ nonsense. From a macro perspective, the struggle to get regulatory policies out is the biggest drag on liquidity; institutional big bucks hate this kind of uncertainty. As long as the bill isn’t finalized, long-term capital waiting in the wings can only watch from the sidelines. The compliance narrative has been drawn out for so long, and the market trends will still depend on these politicians dragging their feet. The seasoned traders are already used to this.
Is this really a mistake, or just a performance to buy time? Do you think this regulatory shoe will drop this year?
#CryptoRegulation #USEconomics #Liquidity #MacroNarrative #SEC #TimScott $BTC