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Patrick McHenry's framing cut to the heart of it: the world's largest asset manager just endorsed the bill, and lawmakers about to vote no now need cover to keep saying no.
Two SEC filings in one day push the largest asset manager deeper into tokenized finance as the RWA sector tops $30B — and put ERC-20 share registries on the table for a mainstream liquidity fund.
The post-QT setup, PMI rolling into expansion, and oil rolling over all line up the way they did when the internet rewired the economy. The 1995 analog only works if crypto's bull run finally arrives.
If the analogy holds, boring market structure plus exhausted retail plus AI capex is the early-cycle signature that historically precedes multi-year breakouts — and crypto's explosive leg may not…
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