The biggest crisis for crypto and U.S. stocks… might be coming in July… If you're involved in both Crypto and U.S. stocks, make sure to keep an eye on the progress of the July **CLARITY Act**. $BTC Why? Because: Trump's voter base = your portfolio. Tonight's content is the result of a discussion between me and @0xBoboCrypto: Why should every trader pay attention to this act? Next month, on **July 13**, the U.S. will decide whether the **CLARITY Act** passes. The core of this act is to clarify whether digital assets are securities or commodities, and to redefine the regulatory boundaries between securities and commodities. It also involves a lot of DeFi-related content. If the act progresses smoothly, market uncertainty will significantly decrease. On the flip side, SEC regulatory expectations might become volatile again… This act is drawing attention for several key reasons: 1. **Political games and midterm elections** Currently, the U.S. Congress has a very close split between the two parties: - Senate: Republicans hold 53 seats, Democrats hold 47 seats. - House: Republicans have around 220 seats, while Democrats have about 212 seats (with a few vacant seats). If Democrats secure the majority of seats, it could mean Trump faces severe impeachment pressure during his term. 2. **Impact on Trump personally and the political landscape** - Trump previously issued **Trump Coin** and manipulated markets with Barron. These actions could severely affect his certainty and influence during his presidency. 3. **Macroeconomics and market liquidity** - (a) Despite high inflation in the U.S., Micron ($MU) stock prices have hit record highs. - (b) SK Hynix is set to list on U.S. markets in the coming weeks. - (c) Recently, SpaceX's IPO launched, coupled with strong market expectations for the AI sector in the second half of the year, leading to extremely tight overall market liquidity—making it hard to endure further turmoil. The **Genius Act** passed smoothly because both Democrats and Republicans saw it as an excellent way to manage debt. Since **USDC** is used to purchase U.S. bonds, it gained approval. However, if the **CLARITY Act** fails to pass before the midterm elections, Trump's days might become much tougher. At that point, the crypto market could face significant impacts, and U.S.-government-funded companies like Intel, TSMC, and Micron might experience massive crashes…