Clarity Act deal is done! Potential timeline is as follows... Markup: week of May 11. Senate floor: June or July. Trump's desk: this summer. Genius Act passed at the cycle top. Clarity Act looks like it might pass at the cycle bottom. Stable coin yield took a hit in the compromise. But everything else from jurisdictional clarity, staking protections, defi safe harbors, to capital formation, is still in. Bullish!(Dan Gambardello)