Senate Republicans are pondering how to stuff bank deregulation provisions into the crypto bill, hoping to use this to secure the stalled housing plan's passage.\nThis move really has the flavor of old Washington insiders; the crypto bill has now directly become the 'super glue' of bipartisan negotiations. From a macro perspective, loosening regulations on banks while simultaneously establishing a regulatory framework for crypto would definitely serve as a strong booster for compliant funds to enter the market.\nHowever, this is a typical 'free-riding' game, and it may very well provoke a more intense backlash from the other side; it is estimated that there will be some wrangling before any benefits materialize. Nevertheless, witnessing crypto assets transition from a marginal role in earlier years to the core bargaining chip in today's political landscape, we old investors can consider ourselves historical witnesses. I am familiar with this episode; in the end, it will likely still rely on compromise. #Regulation #Politico $BTC $ETH \n\n