This can't be a coincidence.
On May 7, White House official Patrick Witt said the goal is to pass the Clarity Act by July 4, 2026.
Since then, $BTC has dropped about 27%, crashing to $59,000.
On June 1, the bill was added to the Senate Legislative Calendar, meaning it's now eligible for a full Senate vote. With July 4 approaching, the window for debate and voting is getting tight.
Could big players be pushing BTC lower so banks and institutions can accumulate cheaper before the Clarity Act moves forward?
JUST IN: Coinbase's John D'Agostino says institutional investors and governments are happy to buy cheap Bitcoin at a discount ๐
"They're thinking about what the cheapest way is to buy an asset that they loved at $125K, they liked at 100K, and loved even more at $65K" ๐
@PeterSchiff@saylor Peter Schiff
Watches Bitcoin 24/7
Reads every Bitcoin headline
Knows every BTC price move
Never misses a Michael Saylor post
Sounds less like a critic and more like Bitcoin's most dedicated fan.
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to โฟ845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
Der vollstรคndige Gesetzestext des ARMA Act von @RepNickBegich wurde verรถffentlicht. ๐บ๐ธ๐
Der Gesetzentwurf soll die US-Bitcoin-Reserve verankern und Eigentumsrechte schรผtzen. ๐ฅ
Das 1-Million-BTC-Ziel der Vorgรคngerversion wurde jedoch verworfen. ๐๐ง
โฌ๏ธ
https://t.co/rjHh7HpCpO