Clarity Act Vote Looms Amid Market Volatility

The U.S. Senate Majority Leader John Thune has filed a motion to end debate on the 'Clarity Act', paving the way for a full Senate consideration after lawmakers return from recess next month. The vote is scheduled for September 16 at 2:00 AM Beijing time.

Meanwhile, major financial institutions such as BlackRock and DTCC will serve as validators for Circle's open blockchain network Arc mainnet, which goes live on the same day.

The Federal Reserve FOMC will announce its interest rate decision and economic projections summary at 2:00 AM Beijing time on September 17, a critical date for market participants.