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Will major cryptocurrencies experience significant price movements within a week post-Senate vote?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Cryptocurrency market data from major financial websites
Story
U.S. Senate to Vote on Overturning SEC's Anti-Crypto SAB 121 Rule
May 16, 2024, 12:35 PM
The U.S. Senate is set to vote today on overturning the SEC's anti-crypto rule, Staff Accounting Bulletin 121, which discourages financial institutions from being custodians of digital assets. The consensus is that the Senate will follow the House in overturning the rule. President Biden has threatened to veto the bill if it passes the Senate. The vote is scheduled to start at 10 AM.
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Yes, major cryptocurrencies gain in value • 50%
No, major cryptocurrencies do not gain in value • 50%
Increase • 50%
Decrease • 50%
Significant market surge • 25%
Moderate market increase • 25%
No significant change • 25%
Market decline • 25%
Market gains • 33%
Market losses • 33%
No significant change • 33%
Increase • 50%
Decrease • 50%
Pass a new modified crypto regulation bill • 33%
No further action on crypto regulation • 33%
Reintroduce the same bill with minor amendments • 34%
Increase • 33%
Decrease • 33%
No significant change • 34%
Increase by more than 5% • 25%
Increase by less than 5% • 25%
Decrease by more than 5% • 25%
Decrease by less than 5% • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Introduce more crypto-friendly legislation • 33%
Increase regulatory scrutiny on cryptocurrencies • 33%
Maintain current stance without significant changes • 34%
Increase in market value • 50%
Decrease in market value • 50%