"So, put simply, the bill cannot pass with ethics language and it cannot pass without it. "

"Because buried inside section 1,01 is a sunset clause. The prohibition on the Federal Reserve issuing a CBDC is not permanent. It explicitly expires on the 31st of December, 2030. So let's be precise about what is actually happening here. This is not a ban, but a temporary 4-year moratorum. "

"Once a blockchain reaches a point where no single entity controls 20% or more of token supply or governance, the asset graduates from being an investment contract under the SEC to a digital commodity under the CFTC. Translation, tokens get a legal life cycle for the first time in American history. "

"And the Iranian Parliament is actively drafting formal legislation to permanently codify this fee structure into their national law. "

"Furthermore, Federal Reserve Chair Jerome Pal's term expires in May 2026. So, a new potentially more CBDC friendly Fed leadership could be in place for the remainder of the decade. "

"Also on Tuesday, we got the news that Powell's replacement will be coming soon. I would announce replacement probably in January, probably. "