$COIN $IBIT $MSTR On 15 September the Senate rejected cloture, the sixty votes that end a filibuster, on the crypto market-structure bill 49–50. Zero of 46 Democrats and independents voted yes; four Republicans voted no. TON618's July note had put the bill at about 35% for 2026 on a premise of seven Democrats crossing; it is revised to about 3%, where Kalshi and Polymarket price it. In January the yes side on that text is 42 before any unknown vote, and the Banking Committee's presumptive chair voted no on both crypto bills. The test by 31 December 2027: cloture invoked on any market-structure text. #Bitcoin #Crypto #Congress