The ethics provision is not in the CLARITY Act: Expect significant downward pressure on crypto in the coming weeks once the new draft of the legislation is released this week

While we all knew this thing had no chance of passing, it seems like the market players were holding out hope. Now that it will be outright rejected by democrats with no real opportunity to re-draft before the August recess, everyone will come to the same conclusion that its dead.

because not everyone realized this, and because institutional investors are as knee-jerk as retail investors, expect them all to pull away more than they have been in the previous year.

Source: Various news outlets who spoke to senators responsible for drafting the new version have reported the ethics provision is NOT among the new 70 pages. Democrats have already said in no uncertain terms, no ethics provision, no vote.

https://www.yahoo.com/news/politics/articles/ethics-standoff-clouds-clarity-act-130725334.html