Latest news: The CLARITY Act in the United States is highly likely to be suspended ❗ The pass rate is only 35%, and Bitcoin is under short-term pressure ❗ ️ Heavy and sudden! The progress of the US encryption core bill, the Clarity Act, has reached a fatal stalemate, with a market estimate of only 35% probability of its final passage. Previously, Trump took the initiative to show goodwill to both parties, hoping to quickly implement laws and unify the regulatory framework for encryption in the United States. But the Democratic Party directly refused to cooperate and stuck to the pace of progress, unable to reconcile the two core loopholes and disputes: 1. There are obvious loopholes in the regulation of the bill, which do not restrict the trading of encrypted assets by officials' children, and there are serious privilege loopholes; 2. The enforcement power belongs to the Department of Justice appointed by the President, and there is a direct conflict of interest, with strong questioning of compliance. At present, negotiations between the two houses are deadlocked with no progress. Even more deadly is that the US Congress is about to adjourn in August, and after the recess, it will have almost no chance of landing this year. Once the bill is difficult to deliver: (1) The regulation of encryption in the United States remains vague and uncertain, and industry compliance expectations have fallen through. (2) Overseas countries are rapidly improving their encryption regulations and seizing the race track, while the United States is completely falling behind. (3) The expectation of regulatory implementation has cooled down, uncertainty has surged, and the Bitcoin market continues to be under pressure. Negative sentiment is fermenting, and with the decline in daily trading volume and the divergence between volume and price, it is difficult to avoid further price declines and bottoming out! I closely monitor the latest developments of the Clear Bill and analyze the trend of Bitcoin prices! Let's work together! Bitcoin Clarity Act