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Charles Schwab: Low Probability of CLARITY Act Passing Before U.S. Midterm Elections

On August 15, Charles Schwab stated in its 'Weekly Trader Market Outlook' that as of the time of writing, the Bitwise Top 10 Large Cap Crypto Index has fallen 3% since last Friday; Bitcoin has dropped 3% during the same period, while Ethereum is down 2%. Bitcoin continues to exhibit characteristics of a low-correlation asset, with limited impact on its price from the CPI and PPI data released this week. Last week, the U.S. Senate entered its summer recess without voting on the CLARITY Act. Although the final debate vote for the bill is scheduled for September 14, the probability of it passing before the midterm elections remains low.

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