This morning, Formula's post left everyone scratching their heads, not understanding what it was about. To sum it up, this is a strong early bullish signal. It's an important setup for the Senate Banking Committee vote on the CLARITY Act on January 15th. Once passed on the 15th, it will go to the full Senate vote and then to the President for signing. The U.S. Congress follows a committee-first principle to improve efficiency and ensure professionalism in the legislative process. Any bill entering the Senate is assigned to a committee with relevant jurisdiction based on its topic. For the CLARITY Act, the decisive "final say" lies with the Banking Committee. The chairman of the Banking Committee, @SenatorTimScott, is a Republican who strongly supports cryptocurrency. He just confirmed on January 6th that the vote will take place on the 15th. As per usual practice, before the vote, the committee needs to coordinate with relevant parties through closed-door meetings to resolve disagreements in advance. If the vote fails, the bill would be sent back for revisions and resubmission, which is a very time-consuming process. As we all know, there are many areas of contention and negotiation between Wall Street and the crypto industry, including DeFi regulation, stablecoin interest rates, and more. So, this morning's news that "Wall Street and crypto industry leaders made progress on the crypto bill in private meetings" likely means that some major disagreements have been resolved ahead of the vote on the 15th. The probability of the CLARITY Act passing on the 15th is now very high. As for what the CLARITY Act specifically does? You can check out my previous post here: https://(x.com)/jason_chen998/status/2001816544394031319