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On September 17, crypto journalist Eleanor Terrett reported that seven U.S. Democratic senators, including Kirsten Gillibrand, Mark Warner, Ruben Gallego, and Angela Alsobrooks, have expressed their commitment to advancing the CLARITY Act through bipartisan cooperation. According to three sources familiar with the matter, this statement comes as both parties are making preliminary attempts to restart negotiations. Stakeholders are assessing whether there is a willingness from both sides to return to the negotiating table and aim for the passage of the CLARITY Act by the end of this year.
On September 17, the Federal Reserve raised interest rates by 25 basis points, increasing the benchmark rate to 3.75%-4.00%. This marks the first rate hike since July 2023 and aligns with market expectations, following five consecutive meetings where the Fed maintained its stance.
Market data shows that BTC has surpassed $76,000, currently priced at $76,009.56, with a 24-hour decline of 1.23%. The market is highly volatile, so please ensure proper risk management.
Market data shows that ETH has fallen below $2400, currently priced at $2399.94, with a 24-hour decline of 3.39%. The market is experiencing significant volatility, so please ensure proper risk management.
On September 16, Tim Scott, Chairman of the Senate Banking Committee, stated that today, nearly all Senate Republican members voted in favor of advancing the CLARITY Act, but the motion ultimately failed to secure enough votes due to opposition from Senate Democrats. We have taken a step forward. Now, before Congress completes legislation, it is up to the SEC and CFTC to establish clear regulatory rules for digital assets. I remain focused on single mothers and Americans living in poverty, as I grew up in similar circumstances. I will continue to work to protect their hard-earned money and ensure the future of the financial industry remains in the United States.
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