Crypto and Financial Markets to See Key Developments Next Week
The upcoming week is packed with significant events that will shape the financial and crypto landscape. On September 14, the Korea Exchange will launch after-hours stock trading, excluding ETFs and ETNs from this new feature.
Satsuma, a UK Bitcoin treasury company, plans to delist on the same day and sell all its Bitcoin holdings, returning capital to investors. Upbit, South Korea's largest crypto exchange, will terminate trading support for Jasmy (JASMY), ThunderCore (TT), and STORJ.
The following day, September 15, the US Senate will hold a procedural cloture vote on the Digital Asset Market Clarity Act (CLARITY Act), which needs 60 votes to advance. If it passes, the bill will be considered further.
On September 16, Circle's Arc mainnet is set to launch, with BlackRock, DTCC, and others participating as genesis validators. The US House Ways and Means Committee will review crypto tax rules, focusing on when miners and stakers should be taxed on newly created tokens.
The Finance Ministry in India will hold a virtual hearing on virtual digital assets on the same day, as the country's crypto regulation enters a critical stage. Indian Parliament members have differing views on whether to legalize or ban cryptocurrencies.
On September 17, the Federal Reserve and Bank of England will announce their interest rate decisions, while the US SEC will host a roundtable to discuss the transition of stock markets to 24-hour trading.