USDT.D (inverse of Crypto) shows bullish divergence on Day timeframe and BTC confirms the inverse with a Day bearish divergence. I know the crypto world is anti-Cowen at this time, but unless these RSI's sort themselves out fast, this is still a bearish picture for crypto for now
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Traveller retweeted
🚨HUGE: U.S. lawmakers will vote on advancing a bill to create a permanent Strategic Bitcoin Reserve on September 16.
The bipartisan bill would:
• Put the reserve under the U.S. Treasury.
• Require Bitcoin added to the reserve to be held for 20 years without being sold.
• Keep eligible Bitcoin seized and forfeited to the government instead of auctioning it off.
• Use money from selling other forfeited crypto to buy Bitcoin or pay down national debt.
It would turn Trump’s March 2025 executive order into law, potentially reducing future government Bitcoin sales.
Wednesday’s House committee vote is an early step.
The bill would still need approval from the full House and Senate, followed by the president’s signature.
Thank you for what you're doing for this space Senator Lummis
After a year of intense daily bipartisan negotiations, this bill is ready. Here is the final text. President Trump voluntarily agreed to new ethics provisions holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in U.S. history. This new text includes more than 120 of Democrats' demands. A no vote on Tuesday means opposing real ethics reforms on politicians' personal investments, handing American leadership in digital assets to our foreign competitors, and leaving Americans with zero protections in the digital asset markets. Democrats got what they wanted; now they need to take yes for an answer. Here's the latest: lummis.senate.gov/press-rele…
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Well said James
When Team Warren Wins, US Innovation Loses.
Early indications are.
Senate Majority Leader John Thune’s decision to push the CLARITY Act vote back to September is, in substance, a fold, and it marks a clear win for Elizabeth Warren and the status quo. The progressive left anti innovation team wins again.
By allowing yet another delay at the very moment when the US should be locking in a coherent framework for digital assets, the Senate has signalled that preserving incumbent comfort still matters more than securing American leadership in the next monetary architecture.
Regulation should have been passed years ago. Instead, Washington chose to live in ambiguity, letting Warren and the bank lobby weaponise uncertainty, the SEC and the Fed went along for the ride, and now Thune is keeping the CLARITY Act stuck in procedural limbo.
With Thune’s postponement, it now looks like Team Warren and the status quo have prevailed: the bill drifts, enforcement fills the vacuum where law should be, and the result is that the US will not take a leadership role in crypto. Innovation moves offshore, another own goal by politicians, as the world moves ahead under clearer regimes while America leaves its own innovation stack trapped in a grey zone where the standards of future finance are written elsewhere.
In this fight, the Democrats have chosen to be anti‑innovation, defending yesterday’s institutions at the expense of tomorrow’s growth. The level of incompetence required to reach this point, an innovation superpower choosing delay and spite over strategy, is historic. Another own goal.
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Traveller retweeted
Big Bank Beth @SenWarren hates President Trump so much that she’d rather have no rules of the road for the digital asset industry — leaving consumers vulnerable and law enforcement empty-handed — than take the win for consumers.
Let’s get the facts straight on her “fact sheet”:
1. She claims the blind trust is a shell game. It’s not. By law (5 U.S.C. §13104(f)(3)(A) and 5 C.F.R. 2634.403), a trustee is barred from disclosing trust holdings back to the official. That’s not a loophole, it’s literally what makes a blind trust blind. Read the law for yourself below.
2. She claims $TRUMP proves the president would create new coins. But $TRUMP launched when President Trump was a private citizen. The ethics ban applies to conduct while serving. You can’t retroactively ban something that happened before the law — or the presidency — existed. That’s how the law in the Soviet Union worked, not America.
3. She acts like Trump’s adult children running WLF is some unprecedented dodge. It’s not. Federal ethics law has never imputed financial interests from adult, independent children — only spouses and minor children. That’s not new to this bill; it’s how conflict-of-interest law has worked for decades.
The facts speak for themselves. Don’t fall for Liz’s lies.
banking.senate.gov/imo/media…
Now we're talking...
The largest asset manager in the world just endorsed the Clarity Act, and you’re blackpilling? @BlackRock
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