The Clear Act didn’t pass, but BTC didn’t go to zero, and the crypto industry is still here. The trend won’t end just because the Clear Act didn’t go through. There will be another vote on the Clear Act, and there will be another similar bill in the future. That’s just how the U.S. government plays its legal games. The next trading logic shifts back to the real main storyline: how will the U.S. debt issue be resolved, and who’s going to take on the U.S. debt? The scale of the Treasury’s next bond buyback and when the Fed will be forced to step in and take over. Behind all this is the release of massive amounts of capital. The game of fiat currency has reached a critical turning point, one that won’t change based on anyone’s will. Against this backdrop, whether interest rates go up or down in the short term—honestly, it doesn’t matter.