Crypto Markets Face Triple Threat: CLARITY Act Vote, Fed Rate Decision, and BOJ Shock Risk
Crypto markets are bracing for a pivotal week as the US Senate votes on the CLARITY Act, the Federal Reserve delivers its interest-rate decision, and the Bank of Japan holds its monetary policy meeting.
The Senate procedural vote on Tuesday, September 15, is a crucial step towards passing the legislation, which aims to establish a federal market structure for digital assets. If passed, the bill would bring digital assets more firmly within the regulatory perimeter, including CFTC jurisdiction over retail digital commodity transactions and expanded consumer protections.
The Federal Reserve's decision on Wednesday, September 16, is also closely watched by crypto markets, with expectations that the Fed could tighten policy further. Bitcoin has rebounded from around $60,000 in August to above $70,000, but a rate hike could threaten this recovery.