Crypto
Crypto Market Rallies Ahead of CLARITY Act Vote and Fed Decision
The crypto market is showing optimism ahead of Tuesday's U.S. Senate procedural vote on the CLARITY Act, which could shape regulatory expectations.
BTC traded near $78,700 on Monday while XRP changed hands around $1.41.
A failed procedural vote could delay legislation without settling the underlying regulatory debate, complicating the market's optimistic reading of the vote.
New York Attorney General Letitia James leads a bipartisan coalition opposing the current bill, arguing it could limit states' ability to prosecute crypto fraud and protect investors.
The Federal Open Market Committee meets September 15-16 and is scheduled to announce its decision Wednesday at 2 p.m., with interest rate traders favoring a 25-basis-point increase.