The Senate has decided to postpone the vote on the Clarity Act until September.
August 7 — According to a report by Politico cited by crypto journalist Eleanor Terrett, the Senate has decided to postpone the vote on the Clarity Act until September.
Express News | Chair of U.S. Senate Banking Committee: CLARITY Act to Receive Vote Before Congressional Recess
The Clarity Act has been put on hold due to Trump's ethics issues, and senators are calling on the U.S. SEC to launch an investigation.
August 5 news: According to CoinDesk, U.S. Democratic Senators Elizabeth Warren and Richard Blumenthal sent a letter to SEC Chair Paul Atkins requesting an investigation into Trump's meme coin TRUMP. They stated that nearly one million crypto wallets incurred losses of approximately $3.8 billion following the token's launch, while Trump profited by $636 million from the token, raising concerns that he benefited through a 'potentially fraudulent profit scheme.' The letter comes amid a deadlock in negotiations over the ethics provisions of the Clarity Act—a measure Trump had previously agreed to accept.
Express News | Senate Majority Leader Thune has held off on filing a cloture motion to end debate on the Clarity Act, constrained by procedural issues related to the ongoing continuing resolution process.
CLARITY Act Countdown: Will a low-probability event occur?
This Friday is the last working day before the recess; if the bill is not passed this week, it will be delayed until September, when the Senate’s agenda will be even more crowded and legislative time harder to secure due to the approaching midterm elections.
Express News | Brian Armstrong: The CLARITY Act Will Establish Clear Rules for Cryptocurrency in the United States
Express News | South Korean Deputy Prime Minister: Digital Asset Tax to Take Effect as Scheduled in 2027, with Potential Refinements if Necessary
Express News | SEC Chair: If the Clarity Act Fails, the SEC Will Draft Crypto Rules Itself
The most hawkish split in a decade? The Fed holds steady, reaffirms its inflation commitment, but three voting members support a rate hike.
‘The New Fed Wire’: This marks the first time since 2016 that three voting members of the FOMC cast dissenting votes aligned on the same policy stance. The statement indicated that one-quarter of voting members supported a 25-basis-point rate hike. It reiterated that the conflict in the Middle East has created significant economic uncertainty, inflation remains elevated—partly due to higher energy prices—and the economy continues to expand steadily, with the unemployment rate remaining largely unchanged.
Express News | SEC Chairman Paul Atkins Calls on Congress to Advance the CLARITY Act
BTC-Nasdaq correlation hits bottom—has the FOMC decision lost its impact?
The K33 report reveals that the correlation between BTC and the Nasdaq has fallen to a multi-year low, suggesting that the impact of the FOMC's interest rate decision on BTC is diminishing. Market participants have already priced in macroeconomic expectations, and BTC’s price trajectory will increasingly depend on its own fundamentals—such as network activity—rather than traditional macro linkages.
Tension mounts ahead of the Federal Reserve's meeting this week: odds of a rate hike approach 40%, raising fears of a contentious vote with dissenting opinions
This week's interest rate meeting may hinge not only on whether or not to raise rates, but also on the possibility of a rare dissenting vote causing internal friction. Chair Waller has further heightened uncertainty by breaking with precedent and refraining from signaling his stance in advance, making this one of the most unpredictable meetings in years.
Express News | Bloomberg: Trump Is the Biggest Obstacle to Passage of the CLARITY Act, as Ethics Provisions Face Democratic Opposition
Trump halted airstrikes on Iran to create space for negotiations over the Strait of Hormuz.
According to informed sources, the move is intended to create space for diplomatic negotiations, and an Omani delegation has already traveled to Tehran to discuss reopening navigation through the Strait of Hormuz. However, months of ongoing conflict have driven international oil prices above $100 per barrel, leaving Trump in a strategic dilemma with no clear way forward. The economic costs of high oil prices now pose a direct threat to Republican prospects in the November midterm elections.
Bank of America Analysis: With rising expectations of Federal Reserve rate hikes and persistently higher long-end yields, where is smart money flowing now?
Against the backdrop of rising expectations for Federal Reserve rate hikes and persistently higher long-end interest rates, 'smart money' is accelerating its rotation into emerging markets, technology stocks, and commodities, while remaining cautious on U.S. and U.K. equities. For the week ending July 22, net inflows into emerging market equities reached USD 29.6 billion—the second-largest weekly inflow on record—while Chinese equities saw net inflows of USD 21.3 billion, marking the third-largest weekly inflow in history.
Ban Trump from issuing coins! U.S. Senate to vote on the Clarity Act as early as next week
Republican senators updated the Clarity Act on Wednesday, which would prohibit the President and other federal officials from issuing or promoting cryptocurrencies and other digital assets. Republicans in the Senate need to secure support from at least seven Democratic senators to overcome the 60-vote threshold, and Trump’s prior earnings of at least $1.4 billion from crypto-related ventures have become a central point of contention in negotiations.
The Era of Massive User Bases: AI Cannot Function Without Cryptofinancial Governance Mechanisms
Author: Jordi Visser, veteran Wall Street analyst; Translated by Shaw, Jinse Finance Last week, I completed my first exclusive interview with Mark Moss. Having listened to many of his podcast episodes over the years, I deeply valued the opportunity to sit down and engage in an in-depth conversation with him. I have always enjoyed discussing artificial intelligence (AI) and the crypto industry with new acquaintances, but this dialogue was especially insightful, as our entire exchange focused squarely on the intersection of these two domains. The vast majority of investors, technologists, and industry commentators still treat them as separate spheres: when people talk about AI, they emphasize the revolution in intelligence and productivity; when they discuss
Express News | U.S. Senate cryptocurrency negotiations hit a snag as the window for passing legislation narrows
Express News | A hearing on the CLARITY Act will be held in New York tomorrow.
Wash: AI pushes up prices but not necessarily inflation; no inflation metric is precise, and Trump has not attempted to interfere with the Federal Reserve.
Worshe acknowledged that June CPI and PPI data showed improvement, but noted that inflation indicators do not perfectly reflect underlying inflationary conditions. He stated that one-off price changes do not necessarily lead to sustained inflation, and emphasized that the inflationary impacts of AI and external conflicts are fundamentally different when viewed through the lens of market supply-side responses. The AI boom has already driven up prices for chips and other components, and prices could rise further over the next 12 months; whether this evolves into broader inflation will depend on the Federal Reserve's actions. He added that he has 'repeatedly' told Trump that he is independent, that Trump has never asked him to do anything improper, and that if such a request were ever made, he would not comply.