๐จJUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks.
Next stop: the full Senate.
@leadlagreport Uedaโs appointment as Chair of the Committee on the Global Financial System (CGFS) at the BIS moves your thesis from a "market theory" to an "official transition plan." Just a shock absorber for the snap, but the unwind is still on.