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Everyone is counting down to September 15. Almost nobody can tell you what the Senate is actually voting on. September 15 is not the CLARITY Act becoming law. It is a 60 vote cloture test just to start debate. The House already passed it 294 to 134. Senate Banking already moved it 15 to 9. That was never the hard part. The GOP holds 53 seats. They still need about 7 Democrats. Ethics rule liability and stablecoin yield are all unsettled. And the FOMC lands the very next day. #DailyOrbit