News linked to both this project and an event.
According to Cointelegraph, the U.S. Senate failed to advance a procedural vote on the Digital Asset Market Clarity Act (CLARITY Act) on Tuesday. Bernstein analysts anticipate that the SEC and CFTC will subsequently embark on "proactive and swift" rulemaking to compensate for the time lost during prior negotiations. The forthcoming regulations are expected to cover: classification criteria for token offerings, developer protections for DeFi and self-custody protocols, innovation exemptions for equity tokenization, an expedited approval pathway for physical asset perpetual futures, and swap designation rules for federal sports event contracts. Bernstein pointed out that the CLARITY Act was originally intended to provide the industry with institutional safeguards against "shifts in political winds," and its defeat has once again cast doubt on regulatory certainty. Analysts also noted that the likelihood of a reconsidered vote on the bill remains low.
Bernstein analysts said that after the U.S. Senate failed to pass the procedural vote on the Digital Asset Market Clarity Act, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are expected to accelerate the development of digital asset regulatory rules.The analysts expect the new rules to cover the classification of fundraising tokens, protections for DeFi and self-custody protocol developers, innovation exemptions for equity tokenization, approval of real-world asset perpetual futures, and adjustments to swap classification rules for federal sports event contracts. (Cointelegraph)
According to BeInCrypto, JPMorgan Co-President Doug Petno stated at the Barclays Global Financial Services Conference that institutional interest in blockchain and stablecoins remains in its early stages, constrained by interoperability gaps, regulations, and KYC rules, with no genuine institutional demand beyond crypto trading currently. In swift response, Tether CEO Paolo Ardoino remarked that "there is no need to import ice to the Arctic," mocking JPMorgan’s assessment as out of touch with reality—Tether's USDT market cap has already neared $183 billion, while the total market capitalization of all stablecoins sits at approximately $311 billion. Notably, JPMorgan itself operates the blockchain payments division Kinexys, and its research team forecasts the stablecoin market to reach between $500 billion and $750 billion, falling well short of the $2 trillion upper limit projected by some firms.
According to The Block, sports betting company Underdog has filed a lawsuit in federal court against Connecticut state officials seeking to prevent the state from classifying its sports event contracts as illegal gambling. Underdog argues that it operates as a federally regulated Designated Contract Market (DCM), and that the Commodity Futures Trading Commission (CFTC) holds "exclusive jurisdiction" over DCMs, meaning Connecticut's enforcement action conflicts with the framework of the Commodity Exchange Act. Previously, Connecticut's Department of Consumer Protection (DCP) issued cease and desist orders to nine prediction market platforms, including Underdog, Polymarket, Coinbase, Crypto.com, and Robinhood. Earlier this month, Underdog also filed separate lawsuits in five states: Ohio, Massachusetts, Wisconsin, New Mexico, and Washington. Currently, more than twelve states have taken enforcement actions or filed lawsuits against prediction market platforms.
Odaily reports: Crypto trader Bonk Guy posted on X that, with the CLARITY Act failing to pass and the broader crypto market under pressure, USELESS has continued to show notable relative strength, outperforming BTC, SOL, DOGE, and PEPE across multiple timeframes.Bonk Guy reiterated that he believes USELESS has the potential to become a gainer similar to DOGE and SHIB, calling it "the meme coin of this cycle."According to GMGN data, USELESS currently has a market cap of $217 million, with a 24H gain of over 10%.
The U.S. Senate failed to pass the Digital Asset Market Clarity Act, receiving only 49 votes in support. The bill was primarily stalled due to disagreements between the two parties over ethical restrictions on President Trump's crypto holdings. Republicans accused Democrats of refusing to compromise, and negotiations ultimately broke down.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act on a 49-50 vote, causing crypto stocks such as Coinbase and Circle to collectively fall more than 8% that day. The legislative setback has temporarily stalled the industry's long-awaited federal market structure framework.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act due to insufficient votes. Hampered by internal disputes over provisions and opposition from state attorneys general, the bill is expected to stall this year.
The Digital Asset Market Clarity Act made no progress during Tuesday's Senate vote, failing to secure the required 60 votes. Despite months of bipartisan negotiating, it ultimately failed due to unresolved core differences, including those over ethical provisions.
In a write-up by Wintermute OTC trader @Jjay_dm, BTC ETFs recorded a net outflow of $463 million for the week ending September 14, marking the first negative reading since June's lows. ARK and Grayscale alone accounted for combined outflows of $371 million, while BlackRock remained flat. As a result, BTC fell 4.4% for the week to close at $76,838, making it the worst-performing asset, while Ethereum dipped 1.5% and altcoins collectively gained 1.0%. On the macro front, the US August CPI came in at 0.4% month-on-month (core 0.3%), exceeding the expected 0.2%, while the PPI annual rate hit 5.4%, prompting Goldman Sachs to upgrade its September rate outlook from "hold steady" to "increase." The market has now priced in an 87% probability of a 25-basis-point hike on Wednesday. Meanwhile, ongoing escalation in Middle East tensions pushed Brent crude past $105/barrel, and the 10-year US Treasury yield reached a 20-year high. Wintermute stated that following the shift to negative ETF flows, it favors a neutral over a bullish market stance. Two key catalysts this week: ① On Tuesday, the US Senate will hold a procedural vote on the CLARITY Act (Crypto Market Structure Act), which requires 60 votes to pass; ② On Wednesday, the Fed will announce its interest rate decision. While the rate hike itself is already fully priced in, subsequent hawkish commentary (particularly any signals pointing to continued tightening into Q1 2027) could exert downward pressure on the crypto market.
According to Chaoxiang research, Bernstein's September 14, 2026 report indicates that the Kalshi prediction market has rebounded to a greater than 30% probability for the passage of the CLARITY Act. The CLARITY Act, officially the Digital Asset Market Clarity Act, centers on establishing a federal regulatory framework for the U.S. cryptocurrency market, delineating regulatory boundaries between the SEC and CFTC, and clarifying exchange compliance requirements and stablecoin yield rules. The latest Senate Republican draft has made substantive concessions on Trump-related ethics provisions and incorporates a "new circuit breaker" clause to address concerns over deposit outflows from community banks. A procedural vote is scheduled for Tuesday, with the Federal Reserve set to announce its interest rate decision on Wednesday.
According to CoinDesk, the Senate is set to vote on the Digital Asset Market Clarity Act (CLARITY), with analysts predicting that even if the bill fails, Wall Street's expansion in crypto business related to tokenization and ETFs has already become irreversible.
Odaily News: Miles Jennings, Head of Policy and Regulation at a16zcrypto, wrote that the U.S. Senate should push for the passage of the Digital Asset Market CLARITY Act. Jennings stated that the risks exposed by the FTX collapse—such as customer asset segregation, custody, and information disclosure—are not complex, yet the existing digital asset market still lacks regulatory safeguards similar to those in traditional financial markets. The CLARITY Act would require digital asset brokers, dealers, and exchanges to implement measures such as customer asset segregation, qualified custody, information disclosure, and insider trading restrictions, while also clarifying the regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).Miles Jennings warned that with stablecoin supply now exceeding $300 billion and the market value of tokenized assets surpassing $30 billion, if the Senate fails to act this time, the impact of the next market collapse could be greater than that of the FTX incident.
According to the official website of the New York State Attorney General’s Office, New York Attorney General Letitia James, joining attorneys general from 17 states including Arizona and California as well as the District of Columbia, formally opposed the Digital Asset Market Clarity Act (Clarity Act) in a September 14 letter to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren. The coalition warned that the bill would undermine states’ law enforcement authority to combat cryptocurrency fraud, grant the SEC unilateral power superseding state registration authorities, and potentially destabilize the existing state securities regulatory framework. FBI data shows that losses from cryptocurrency-related complaints reached $11.4 billion in 2025, a 22% year-over-year increase; New York reported nearly $500 million in crypto fraud losses over the past five years. The attorneys general urged Congress to amend the legislation to explicitly preserve states’ law enforcement and registration regulatory authority over digital assets, and to strengthen law enforcement cooperation mechanisms between federal and state governments.
Robinhood recently tokenized stocks such as AMC, drawing public criticism from AMC's CEO, but this model can lower the cost and barriers for global investors trading U.S. stocks. Blockchain-driven stock tokenization is reshaping the U.S. stock brokerage industry, and its impact may be similar to Napster's disruption of the music industry 25 years ago. Analysts note that tokenized stocks still face issues such as voting rights, custody of the underlying shares, and whether token assets are fully backed, but regulators have begun advancing related frameworks. Nasdaq recently invested $100 million in blockchain finance company Payward, and the trend of putting stocks on-chain is accelerating, making it difficult for threats or lawsuits to block this technological development in the long term. (Fortune)
QCP released a report on September 14 stating that the market has largely priced in expectations of a 25 basis point rate hike by the Federal Reserve this week, with attention shifting to the language of the rate hike announcement and signals regarding the future rate path. U.S. August CPI rose 0.4% month-over-month and 3.4% year-over-year, while core CPI rose 0.3% month-over-month, with the year-over-year growth rate of core CPI declining from 2.5% to 2.4%.Bitcoin briefly fell to $76,700 following the release of the CPI data, before recovering to around $77,600; Ethereum remained near $2,500. Spot Bitcoin ETFs saw net outflows of $463 million last week, with net outflows slowing to $13.2 million on Friday; spot Ethereum ETFs saw net inflows of $197 million, with single-day net inflows of $216 million on Friday.
According to BIT's daily analysis report, Trump has largely agreed to new bipartisan ethics provisions requiring relevant officials to divest their held crypto assets or place them in blind trusts. The latest approximately 630-page version of the CLARITY Act will face a Senate procedural vote at 2:15 PM ET on September 15, which requires 60 votes in favor. With Republicans currently holding only 53 seats, the majority must secure support from at least seven Democrats or independents. The revised draft incorporates over 100 amendments proposed by Democrats, including adjustments to DeFi registration rules. However, ethics restrictions targeting government officials remain contentious and include a sunset clause set for January 2029. Even if the procedural vote passes, the legislation still must navigate formal debate, amendment review, and House approval. While the bill's tangible impact on the market remains uncertain, legislative progress this week could provide a boost to short-term market sentiment.
Odaily Report: Two people familiar with the matter revealed that U.S. President Trump met with advisers to discuss a government ethics provision being considered for inclusion in the Crypto Market Structure Act (the CLARITY Act). The meeting took place ahead of the Senate's procedural vote next Tuesday, which will determine the fate of the CLARITY Act's advancement. Senate Democrats are demanding that the legislation include ethics language applicable to government officials to limit Trump's ability to profit from his family's crypto business. It remains unclear what the outcome of the meeting was or which advisers attended. The White House did not immediately respond to a request for comment on Saturday evening.The ethics provision has been one of the key obstacles facing the CLARITY Act in the Senate, following clear bipartisan disagreements over whether enforcement authority should rest with the Department of Justice or state attorneys general. Next Tuesday's procedural vote will test whether the two parties can reach a compromise on this core dispute before the Senate recesses. (politicopro)
Odaily News: The Central Bank of Brazil's new regulations require virtual asset service providers to meet capital, audit, anti-money laundering, and continuous reporting compliance requirements, with capital requirements reaching up to 37.2 million reais, approximately $7.2 million. Of the current approximately 300 related institutions, only 20 to 25 may qualify to apply for authorization, and only 10 are expected to receive licenses.Some small platforms have already ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute the relevant decisions to the new rules. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some operations may find it difficult to sustain.Relevant institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers. Isabel Longhi, Head of Public and Regulatory Policy for Latin America at Ripple, stated that market consolidation is expected to occur as Brazil's crypto market matures, but the new rules will limit innovation in the short term. (Bitcoin.com News)
According to Forbes, Patrick Witt, Executive Director of the White House Digital Asset Advisory Committee, stated that the legislative window for the U.S. Crypto Market Structure Bill, the Clarity Act, is narrowing. If the procedural vote this week fails, there will be significant uncertainty regarding when the bill can advance again. The bill is currently scheduled for a procedural vote on September 15.