Senate Republicans have released another round of revisions to the CLARITY Act as they seek Democratic support ahead of a September 15 procedural vote on the cryptocurrency market-structure bill.

The latest version runs to 635 pages, adds provisions on ethics, enforcement, stablecoin yields, and digital-asset market operations, and represents a last-ditch bid to pass the CLARITY Act this year.

The CLARITY Act is a proposed framework for digital commodities. According to the Congressional Research Service summary of the House bill, it would generally give the Commodity Futures Trading Commission responsibility for regulating digital-commodity transactions.

This includes exchanges, brokers, and dealers. The measure also assigns the Securities and Exchange Commission a role in specified digital-commodity activities and transactions.

What Changed in the Revised 635 Page CLARITY Act Draft?

The revised text incorporates an ethics framework supported by President Donald Trump, restricting public officials from engaging in digital assets.

Under this framework, officials with significant crypto holdings must divest or place assets in a blind trust. Both the Department of Justice and state attorneys general will enforce these ethics rules, addressing previous Democratic concerns.

The Blockchain Regulatory Certainty Act now focuses on Bank Secrecy Act compliance and removes protections for criminal proceedings.

The bill includes miners and validators in these narrowed protections. The bill also introduces a circuit-breaker mechanism for stablecoins, allowing federal regulators to intervene during significant withdrawals from community banks.

Additionally, the bill proposes stricter limits on vertical integration, including rules on affiliate trading and potential conflicts at digital commodity exchanges, while state consumer protection laws remain unchanged. Developer protections will not override derivatives regulations or alter rules for prediction markets.

Make Your CLARITY Act Prediction Count With $25 For Free on Kalshi

Lummis Frames the Bill as Finished

Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis said the bill followed a year of intense daily bipartisan negotiations and described it as ready. She said Trump had voluntarily agreed to ethics restrictions that she characterized as among the toughest applied to federal officials in U.S. history.

Lummis argued that Democrats had received the concessions they sought and should support the measure. Her comments came with the release of the final CLARITY Act text and focused on the ethics provisions added during negotiations.

Coinbase CEO Brian Armstrong also voiced support for the CLARITY Act ahead of the Senate vote. Speaking on CNBC’s Squawk Box Asia on September 10, Armstrong said the bill was ready for approval and cited support from law-enforcement groups, banks, and crypto companies.

Armstrong said the revisions addressed Coinbase’s main concerns with the legislation. Coinbase had previously raised several issues that it considered essential, according to reporting on the company’s position.

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What Does the Vote Actually Decide?

The September 15 event is a procedural vote tied to the CLARITY Act. It follows Senate Republicans’ latest changes as they seek Democratic backing for the cryptocurrency market-structure measure.

The legislation itself would establish a regulatory framework for digital commodities, which it defines as digital assets that rely on a blockchain for their value.

Under the bill summary, the CFTC would generally regulate digital-commodity transactions, while the SEC would retain jurisdiction over certain activities and transactions involving digital commodities.

The framework also includes requirements for trade monitoring, recordkeeping, and the commingling of customer assets. It would subject digital-commodity exchanges, brokers and dealers to the Bank Secrecy Act for anti-money-laundering and related purposes.

The Senate’s consideration of the revised text therefore centers on a bill that combines market-structure provisions with the newly revised ethics and enforcement measures.

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The post White House Agrees to Major Crypto Ethics rules in a last-minute push to save the CLARITY Act appeared first on Cryptonews.

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Kalshi traders assign a 79% probability to a 25-basis-point Fed hike at the Wednesday, September 16, 2026, FOMC meeting, with 19% pricing in no change and less than 1% split between a 50-basis-point move or either a 25-basis-point or 50-plus-basis-point cut, according to Kalshi markets.

That’s a market-implied probability, not a confirmed decision. Our call is that the Fed delivers the hike and pairs it with a higher-for-longer message, a combination that could pressure Bitcoin even if the rate move itself is already priced in.

The tension for traders isn’t really whether the Federal Reserve hikes. At 79%, that outcome is close to consensus. The tension is whether the FOMC’s accompanying language locks in expectations for further tightening or leaves room for a pause, and that distinction is what typically moves liquidity-sensitive assets in the hours after the statement drops.

What Is Driving the Hike Call on Kalshi?

The macro backdrop gives the Fed cover to move. The US Bureau of Labor Statistics reported that the Consumer Price Index rose +0.4% month over month in August and +3.4% over the trailing 12 months, a re-acceleration from July’s +0.1% monthly print.

Core CPI, which strips out food and energy, climbed 0.3% for the month and 2.4% year over year, still running well above the Fed’s 2% target.

Energy did much of the heavy lifting. BLS data show energy prices up 2.1% in August and 16.3% year over year, with gasoline alone up +3.9% for the month and +27.4% annually.

That’s a separate data point from the FOMC decision itself: the CPI release landed September 11, five days before the rate call, but it’s the clearest evidence the inflation fight isn’t over, and the strongest input behind the hike thesis.

For a deeper look at how that print maps onto specific price zones, see this breakdown of August CPI and Bitcoin levels.

Why the Decision May Matter Less Than the Message

A 79% probability suggests on Kalshi the hike is largely priced in, meaning Bitcoin and other risk assets often don’t react significantly to such anticipated outcomes.

Real market moves typically come from details like the statement’s tone, the dot plot, and any voting dissents, which current pricing doesn’t reflect.

Traders focus more on the Fed’s guidance than the actual hike, as a hawkish stance could tighten financial conditions and reduce risk appetite.

Conversely, signaling that the tightening cycle is nearing its end could change the market’s reaction to the same 25-basis-point hike. Essentially, traders are betting on which message the Fed will convey rather than the hike itself.

If the Fed Hikes, What Happens Next?

Three scenarios shape the near-term outlook, each representing forecasts rather than definitive outcomes.

Base Case: The Fed hikes by 25 basis points and issues hawkish guidance, likely pressuring Bitcoin and liquidity-sensitive assets, as this often strengthens real yields and the dollar.

Second Scenario: If the Fed hikes but clearly indicates it’s the final move in the tightening cycle, markets may view this as supportive for Bitcoin, turning a rate hike into a bullish signal based on the accompanying language.

Third Scenario: The Fed holds rates steady, currently assigned a 21% probability. This outcome would challenge the base case and likely create volatility, as it would be a surprise against strong hike expectations. The low odds of a 50-basis-point hike or a cut suggest limited potential for drastic shifts.

Don’t Miss: The Hottest Meme Coin Opportunities Silently Climbing the Crypto Ranks in September

The post Bitcoin Faces Fed Message Test as Kalshi Hike Odds Reach 79% appeared first on Cryptonews.

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A Wall Street strategist warned on Sunday that the stock market could crack within 30 days. By Monday morning, one stock had ignored him completely.

Coinbase (COIN) jumped almost 8% and kept climbing, trading near $188.50. The fund tracking the 500 biggest US companies fell 0.8% in the same hours.

The Bear Who Moved the Stock

The warning came from Mike Wilson, Morgan Stanley’s chief US equity strategist. He told clients the danger was oil, not artificial intelligence (AI).

“I do think in the next 30 days, if oil goes to $120, $130, $140, that’s a drain on liquidity”

BeInCrypto covered that crash warning on Sunday. Coinbase shrugged it off a day later.

The lift came from Compass Point, a Washington firm that trades on politics. Analyst Ed Engel moved Coinbase from sell to neutral.

Amid his neutral bias, it is imperative to note that he did not say buy. Engel’s new target is $177. Coinbase cleared it on the open.

The Vote He Expects to Lose

Engel’s case rests on the Digital Asset Market Clarity Act. The Senate votes this week. The bill would decide which regulator polices crypto.

For Coinbase, that is the whole game. A rulebook means listing tokens without waiting to be sued. The bill slipped to September once already, and this is the last vote before November.

Engel expects it to fail.

So investors bought on a bearish note, chasing a bill that analyst thinks dies this week.

Wall Street Cannot Agree Either

MARA Holdings (MARA) went the other way, falling 2% after JPMorgan cut it to underweight over a data center venture with Starwood.

This has happened before, when Morgan Stanley ran near-identical math in May, investor relations chief Robert Samuels hit back.

“If you actually read the note, the math appears incorrect regarding the Starwood JV, even after we provided an illustrative example of how the economics work.”

Morgan Stanley is no bear here. It opened coverage on September 10 at $250, far above the $201 average across 28 analysts covering Coinbase.

Those targets run from $95 to $330. Monday answered the lowest voice in the room.

The post This One Stock Looks Bullish Amid Morgan Stanley's 30-Day Crash Warning appeared first on BeInCrypto.

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S&P Global has led a strategic investment in Kaiko, extending the Paris-based crypto market data provider’s Series B funding to $110 million as it expands its data infrastructure for tokenized financial markets.

The round also included BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments.

Kaiko said the funding will support its core digital asset market data business and its push into onchain financial infrastructure, including data services for tokenized Treasury bills, money market funds, equities and bonds.

The participating investors will also join a Kaiko-led industry working group focused on developing data and infrastructure for tokenized financial products.

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Kaiko CEO Ambre Soubiran said the investors span several key areas of digital asset markets, including pricing, trading, capital allocation and blockchain development, and would serve as partners in building infrastructure for institutional onchain finance.

The funding follows a series of moves by Kaiko to expand its institutional data business. The company acquired MiCA-regulated onchain infrastructure provider Cometh in May and US digital asset data provider Amberdata in June, after partnering with Bloomberg in February to bring licensed financial data onchain.

Related: Kaiko flags possible front-running before Robinhood token listings

Wall Street moves closer to tokenization

Kaiko’s funding comes as major US market operators and financial infrastructure firms expand their use of blockchain technology for trading, settlement and collateral management.

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In March, New York Stock Exchange parent Intercontinental Exchange (ICE) signed an agreement with Securitize to develop infrastructure and standards for tokenized securities. The agreement builds on ICE’s January plan for a tokenized securities trading platform designed to support 24/7 trading and instant settlement.

That same month, Nasdaq received SEC approval to pilot trading of tokenized stocks and ETFs alongside traditional securities. Nasdaq also partnered with Kraken parent Payward to develop infrastructure connecting regulated equity markets with onchain tokenized equities.

In July, the Depository Trust & Clearing Corporation (DTCC) conducted production trades using DTC-tokenized assets with more than 30 financial firms ahead of a planned October launch of its tokenization service. DTC, a DTCC subsidiary, provides custody and asset servicing for $114 trillion in securities.

The push toward round-the-clock markets has drawn attention from US regulators. The SEC is scheduled to hold a roundtable on Sept. 17 on preparations for 24-hour trading in US equities, including market readiness, operational resilience, investor protections and potential future expansion toward 24/7 trading.

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One of three SEC panels scheduled for Sept. 17. Source: SEC

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The landmark crypto legislation, known as the CLARITY Act, seeks to establish a clear regulatory framework for digital assets in the USA, and many industry participants view it as a potential game-changer.

The Senate’s cloture vote on the bill is scheduled for tomorrow (September 15), and advancing the debate will require at least 60 votes. Although lawmakers recently revised the legislation to attract more Democratic support, the outcome remains far from certain.

Still, we wanted to check whether Bitcoin (BTC) or Ethereum (ETH) will pump more if the CLARITY Act formally moves to the Senate. To do so, we asked three of the most widely used AI-powered chatbots for their take, and here are their answers.

ChatGPT + Perplexity

OpenAI’s platform claimed that ETH is more likely to rally harder in percentage terms if the bill advances. It predicted that BTC would benefit from the broader sentiment improvement, but added that the asset already has relatively clear commodity status and the legislation would not fundamentally change its regulatory position.

ChatGPT also suggested that ETH has considerably more to gain because the CLARITY Act will reduce uncertainty over whether the asset and other network tokens could be treated as securities. In conclusion, the chatbot estimated that BTC could jump 5-10% after a potential successful vote, while the second-largest cryptocurrency might soar 10-20% immediately after the news.

Perplexity shared a similar thesis, projecting that ETH could print a sharp move toward the high-$2,000s to low-$3,000s after such a development. It went even further, arguing that this could set the stage for a major bull run toward a new all-time high above $5,000.

For BTC, the chatbot expects its valuation to initially surge beyond $83,000. At the same time, it warned that if the bill clearly fails, the asset could plunge to a local bottom of around $55,000.

Gemini’s Take

Google’s chatbot also picked ETH, arguing that it is generally expected to experience a larger percentage rally than BTC if the CLARITY Act clears its hurdles.

“While both assets stand to gain from regulatory progress, the structural dynamics of the CLARITY Act favor ETH for sharper upside potential,” it explained.

Gemini suggested the bill would generally benefit altcoins more than BTC, noting that their lower relative market capitalization (compared to the industry leader) means the same volume of institutional capital inflow triggers larger percentage price swings.

Meanwhile, you can find all details regarding the upcoming vote in our video below.

The post Bitcoin or Ethereum: Which Will Rally More if CLARITY Act Moves to Senate? 3 AIs Analyze appeared first on CryptoPotato.

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