Washington’s week from hell for stablecoins and the Fed.
Summary
- Over the past 12 hours, crypto X has behaved less like a meme factory and more like a Bloomberg terminal, with feeds dominated by U.S. regulatory brinkmanship, institutional Bitcoin bets and rising macro anxiety around the next Fed Chair.
- Traders and analysts are fixated on three overlapping storylines: Kevin Warsh’s looming Senate confirmation as a pro‑Bitcoin Fed Chair, knife‑edge votes on stablecoin yield and the Clarity Act, and MicroStrategy’s refusal to stop buying BTC even as technicians warn of 30% drawdowns.
- In the background, Australia’s plan to scrap its 50% long‑term crypto tax discount…
