Dark Captain

BREAKING: The CIA has just raided Tulsi Gabbard's office: "The CIA just raided Tulsi Gabbard’s office." "Agents brought out dozens of boxes, files on the JFK assassination, and mkultra, this CIA mind control operation, which she was in the process of declassifying."

The Senate Banking Committee votes on the CLARITY Act tomorrow. The White House is targeting July 4 for final passage. The policy substance is largely settled. The stablecoin yield compromise is locked. The market structure framework is agreed upon. The bill passed its hardest technical negotiations. What could still derail it is the ethics provision. The current text contains none. Democrats say the bill will not move without conflict-of-interest rules for government officials involved in crypto. The White House says it will accept rules that apply equally across all of government but will reject anything targeting a specific officeholder. The bill needs 60 Senate votes to pass the full Senate, which requires bipartisan support. The committee can advance the bill tomorrow on party-line votes. But it still needs to merge with the Agriculture Committee's version, get ethics language both sides accept, and clear the 60-vote threshold. Whether that happens by July 4 or August or at all depends on whether the ethics fight gets resolved.