CRYPTO
Crypto Briefing
14 Sep 2026 · 17:00
Senator McCormick urges Senate to vote on CLARITY Act on Tuesday
Senator McCormick has publicly stated that the U.S. Senate should vote to advance the CLARITY Act on Tuesday, according to a recent announcement on social media. The CLARITY Act, officially known as the Digital …
Senator McCormick has publicly stated that the U.S. Senate should vote to advance the CLARITY Act on Tuesday, according to a recent announcement on social media. The CLARITY Act, officially known as the Digital Asset Market Clarity Act of 2025, aims to establish clear regulatory oversight for digital assets, distinguishing the responsibilities of the SEC and CFTC. The bill has already cleared the House and is currently awaiting Senate approval after a motion to proceed was filed in August. The proposed legislation is a significant step towards federal regulation of the crypto industry, addressing issues such as stablecoin yield restrictions and DeFi rules.
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Key Takeaways
Senator McCormick’s statement suggests momentum for the CLARITY Act, indicating potential legislative progress.
The CLARITY Act seeks to define regulatory boundaries between the SEC and CFTC, impacting digital asset oversight.
Market pricing implies a moderate increase in the probability of the Act being signed into law within the year.
What to Watch
Observers should monitor the Senate’s actions on Tuesday for any developments regarding the vote on the CLARITY Act. The outcome could influence market sentiment, with a successful vote potentially boosting the likelihood of the Act becoming law. Key figures such as Senate Majority Leader Chuck Schumer and President Donald Trump are pivotal in the legislative process, as their support or opposition could further sway market expectations.
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CRYPTO
Crypto Briefing
14 Sep 2026 · 16:30
US diesel prices hit record $6.20/gallon, up 78% in nine months
Crude oil all time high predictions US diesel prices have surged to a record $6.20 per gallon, marking a 78% increase over the past nine months, as reported by @KobeissiLetter. In California, prices have …
Crude oil all time high predictions
US diesel prices have surged to a record $6.20 per gallon, marking a 78% increase over the past nine months, as reported by @KobeissiLetter. In California, prices have exceeded $8.14 per gallon, driven by a combination of low supply and high demand. This rise in diesel prices surpasses the previous high recorded in 2022, indicating significant pressure on freight, shipping, and logistics sectors due to increased fuel costs. The current diesel price levels reflect broader market dynamics and may influence expectations around crude oil prices reaching new highs.
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Key Takeaways
The diesel price increase suggests a tightening oil market, potentially impacting crude oil price expectations.
The market pricing for crude oil to reach a new all-time high by September 30 remains low at 1.8% YES.
The December 31 crude oil market shows a higher 14% YES, suggesting participants may view longer-term factors as supportive of higher oil prices.
What to Watch
Observers should monitor actions and statements from key figures such as OPEC’s Mohammad Sanusi Barkindo and Saudi Energy Minister Abdulaziz bin Salman Al Saud, as their decisions could influence crude oil supply dynamics. Upcoming geopolitical developments, especially those affecting oil supply and demand, will be crucial in shaping market expectations. The observed increase in diesel prices may trigger adjustments in crude oil market pricing, particularly if supply constraints persist or if there are shifts in global demand patterns.
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CRYPTO
Crypto Briefing
14 Sep 2026 · 16:15
Senate to vote on CLARITY Act for the first time on Tuesday
The landmark crypto market structure bill needs 60 votes to clear its first procedural hurdle, and failure could shelve the effort for the rest of 2026 The full US Senate will vote on the …
The landmark crypto market structure bill needs 60 votes to clear its first procedural hurdle, and failure could shelve the effort for the rest of 2026
The full US Senate will vote on the Digital Asset Market Clarity Act on Tuesday, September 15, marking the first time the chamber has taken a floor vote on comprehensive crypto market structure legislation. The procedural cloture vote, scheduled for 2:15 p.m. ET, requires 60 senators to agree the bill should advance to debate and amendments.
That threshold is the whole ballgame. Republicans hold 53 seats, meaning Senate Majority Leader John Thune needs somewhere between 7 and 10 Democrats to cross the aisle, depending on whether any GOP members break ranks. If cloture fails, the CLARITY Act likely dies for the remainder of the congressional session, a victim of the compressed legislative calendar ahead of the midterm elections.
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A long road to the Senate floor
The House passed its version of the bill, H.R. 3633, back in July 2025 with a decisive 294-134 bipartisan vote. The Senate Banking Committee then took up its own amended version, advancing the bill by a 15-9 vote in May 2026. Two Democratic senators, Ruben Gallego and Angela Alsobrooks, voted with the committee majority to push it forward, offering an early sign that the legislation could attract the kind of bipartisan support it needs on the floor.
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Since then, the bill has grown into a roughly 616-page merged text released in early September 2026. It incorporates input from both the Senate Banking Committee and the Senate Agriculture Committee, a reflection of the bill’s central purpose: drawing clear jurisdictional lines between the SEC and CFTC over digital assets.
What the bill actually does
Beyond the jurisdictional question, the legislation addresses decentralized finance protocols, stablecoin reward structures, and customer protection requirements for exchanges and intermediaries.
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Democrats have pushed for stronger ethics provisions within the bill, particularly around public officials’ involvement with digital assets. Those negotiations have been a sticking point in recent weeks, with some lawmakers arguing that the current language does not go far enough to prevent conflicts of interest.
The math and what comes next
Tuesday’s vote is purely procedural, a gateway to floor debate rather than a final passage. But in the Senate, clearing cloture is often the hardest step. Once a bill gets 60 votes to proceed, final passage typically requires only a simple majority.
Gallego and Alsobrooks signaled support at the committee level, but Thune needs to find at least five more Democratic votes beyond those two, assuming every Republican stays in line. If the vote fails, the midterm election calendar makes a second attempt extremely unlikely before the end of 2026, and the next Congress would need to start the process from scratch in 2027.
The flip side is equally direct. If the bill stalls, the status quo persists: regulation by enforcement, jurisdictional turf wars between agencies, and a patchwork of state-level rules that vary wildly. The US would also risk falling further behind jurisdictions like the EU, which implemented its Markets in Crypto-Assets framework in 2024.
CRYPTO
Crypto Briefing
14 Sep 2026 · 15:45
Bitwise research finds 67% of wealth managers lack crypto allocation
An informal poll of roughly 400 wealth managers reveals massive untapped demand, with 60% planning to add crypto exposure within the next year. Two out of three wealth managers still have zero crypto in …
An informal poll of roughly 400 wealth managers reveals massive untapped demand, with 60% planning to add crypto exposure within the next year.
Two out of three wealth managers still have zero crypto in their client portfolios. That’s the headline number from a Bitwise Asset Management audience poll conducted in September 2026, and it tells a story of an industry that talks a big game about digital assets but hasn’t quite followed through yet.
The poll, presented by Bitwise Head of Research Ryan Rasmussen at a company event, surveyed roughly 400 wealth managers. The finding that 67% had not allocated any cryptocurrency exposure for their clients might sound bearish at first glance. But the second number is the one worth paying attention to: 60% of those same respondents said they plan to add a crypto allocation within the next 12 months.
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The gap between intention and action
According to the 2026 Bitwise/VettaFi Benchmark Survey, 32% of financial advisors had allocated to crypto for clients in 2025. That was up from 22% in 2024, representing a roughly 45% year-over-year jump in adoption. On the access side, 42% of advisors said they could buy crypto for clients in 2025, compared to 35% the year before.
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It’s worth noting this was an informal audience poll at a Bitwise event, not a randomized, statistically rigorous survey of the entire wealth management industry. The people who show up to a crypto asset manager’s presentation are probably more crypto-curious than the average advisor managing retirement accounts in suburban Ohio. Self-selection bias is doing some work here.
What wealth managers actually want to talk about
XRP drew the most inquiries from attendees. For an asset that spent years mired in SEC litigation, that level of interest from professional money managers signals just how dramatically the regulatory landscape has shifted. Bitcoin, Ethereum, and Solana also featured prominently in discussions, alongside broader themes like tokenization and stablecoins.
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Meanwhile, 60% of poll respondents said they expected crypto prices to be higher by the end of 2026.
What stands between intention and inflow
The jump from 35% to 42% of advisors having the capability to buy crypto for clients shows those guardrails are loosening, but they haven’t disappeared.
The 67% figure also highlights an interesting competitive dynamic. The wealth managers who have already allocated are building track records and client relationships around crypto exposure. Those who haven’t may find themselves increasingly needing to explain why, especially if prices continue rising as the majority of respondents expect.
CRYPTO
Crypto Briefing
14 Sep 2026 · 15:30
Chuck Schumer calls Sunday caucus on crypto bill ahead of critical Senate vote
Democrats are pushing for ethics provisions that would limit government officials from profiting off crypto, with Trump's reported $1.4 billion in 2025 crypto income at the center of the debate. Senate Minority Leader Chuck …
Democrats are pushing for ethics provisions that would limit government officials from profiting off crypto, with Trump's reported $1.4 billion in 2025 crypto income at the center of the debate.
Senate Minority Leader Chuck Schumer convened a Democratic caucus meeting on Sunday, September 13, to hash out the party’s position on the Digital Asset Market Clarity Act, better known as the CLARITY Act. The timing wasn’t subtle. A procedural vote on the sweeping crypto regulation bill is scheduled for September 15, and Democrats still have a list of demands they want addressed before anyone starts counting votes.
At the core of the standoff: ethics provisions designed to prevent government officials from cashing in on the crypto boom while they’re in a position to shape its rules. Democrats have pointed specifically to former President Donald Trump’s reported crypto income exceeding $1.4 billion in 2025 as exhibit A for why such guardrails matter.
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A bill with 100 changes and counting
A revised draft of the CLARITY Act was circulated on September 10, incorporating over 100 changes that Democrats had requested during months of negotiations. The sticking points fall into two broad categories. First, the ethics provisions. Democrats want explicit limits on sitting and former officials profiting from crypto ventures. Second, stablecoin yield regulations. Community banks are caught in the crossfire here, with disagreements over whether the bill’s framework would inadvertently disadvantage smaller financial institutions trying to offer stablecoin products.
Around a dozen Democratic senators have been directly involved in the negotiations, which have stretched across several months. The Sunday caucus was Schumer’s attempt to unify the broader Democratic conference behind a coherent negotiating position before Monday’s procedural vote forces everyone to show their cards.
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Trump’s crypto fortune looms over negotiations
Trump met with advisers on September 12, one day before Schumer’s caucus, to discuss the proposed ethics rules. The meeting suggests that even Trump’s circle recognizes the provisions could directly affect his financial interests, making the bill’s final language a matter of personal as well as political consequence for the former president.
What the procedural vote means
Monday’s vote isn’t on the bill itself. It’s a procedural step, essentially a vote on whether to proceed to a final vote. In a closely divided Senate, a handful of Democratic defections in either direction could determine whether the CLARITY Act advances, stalls, or gets sent back for yet another round of revisions. The fact that Schumer felt the need to call a weekend caucus suggests he wasn’t confident his conference was fully aligned heading into the week.
Market implications and the road ahead
The stablecoin provisions deserve particular attention from market participants. If the final bill restricts community banks’ ability to offer stablecoin yield products, it could concentrate stablecoin activity among larger institutions, potentially reducing competition and innovation in a segment of the market that has grown rapidly.
CRYPTO
Crypto Briefing
14 Sep 2026 · 15:15
Corporate America is racing to raise capital as Treasury yields flirt with 5%
US investment-grade bond issuance has surged 27% year-over-year as companies wrestle with a deceptively simple question: borrow now or gamble on lower rates later The 10-year Treasury yield is knocking on 5%, and corporate …
US investment-grade bond issuance has surged 27% year-over-year as companies wrestle with a deceptively simple question: borrow now or gamble on lower rates later
The 10-year Treasury yield is knocking on 5%, and corporate treasurers across America are staring at their screens trying to answer the oldest question in finance: is this as good as it gets, or does it get worse from here?
Through August 2026, US investment-grade corporate bond issuance hit roughly $1.68 trillion, a 27% jump compared to the same period last year. Full-year forecasts now exceed $1.9 trillion.
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The yield squeeze is real
Ten-year Treasury yields reached approximately 4.94% to 4.97% in early-to-mid September, levels not seen since 2023. The culprits are familiar: persistent global inflation concerns, a Federal Reserve that has kept markets guessing on the timing and magnitude of rate adjustments, and fiscal deficits large enough to make bond vigilantes feel vindicated.
High-grade corporate yields have exceeded 5.5% at points during 2026. That is the rate blue-chip companies, the ones with pristine balance sheets, are paying to borrow. For context, many of these same firms were locking in sub-3% coupons just a few years ago.
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Earlier in the year, some companies postponed bond sales when yields surged, hoping for a pullback. Some got one. Others watched rates climb further and came to market anyway, deciding that today’s expensive financing might look cheap in hindsight.
Big tech is driving the bus
The technology sector, particularly companies pouring capital into artificial intelligence infrastructure, has become the single largest source of new corporate bond supply. These firms need enormous sums to build out data centers, acquire specialized chips, and scale the computing power that underpins their AI ambitions.
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Oracle’s recent $25 billion bond offering attracted more than $129 billion in orders from investors, a ratio of roughly five dollars of demand for every dollar of bonds on offer.
Credit spreads, the premium investors demand over Treasuries for taking on corporate risk, have actually narrowed even as benchmark rates have risen. In plain terms, investors are charging companies less of a risk premium even though the overall cost of borrowing has gone up.
What this means for markets
Some forecasters now predict that the pace of corporate bond sales could outstrip Treasury issuance. When corporations are flooding the market with bonds, they compete with the government for investor dollars, which can push yields even higher in a self-reinforcing cycle.
For companies that need to refinance existing debt, the window matters enormously. A firm that issued five-year bonds at 3% in 2021 is now staring at a refinancing cost nearly double the original rate.
For investors, investment-grade corporate bonds yielding above 5.5% offer returns that compete with equity market expectations, but with the relative safety of senior creditor status. The flood of demand seen in deals like Oracle’s suggests that institutional investors have already done this math and are allocating accordingly.
MACRO & FED
Biztoc.com
14 Sep 2026 · 14:15
WEEKLY PREVIEW: Central banks, inflation data and G20 meeting
The week of September 14 is set to be a crucial one for global markets, with three G10 central bank meetings, the G20 Energy Meeting, and a slate of key economic data likely to …
The week of September 14 is set to be a crucial one for global markets, with three G10 central bank meetings, the G20 Energy Meeting, and a slate of key economic data likely to shape expectations for ... The week of September 14 is set to be a crucial one for global markets, with three G10 central bank meetings, the G20 Energy Meeting, and a slate of key economic data likely to shape expectations for…
CRYPTO
Crypto Briefing
14 Sep 2026 · 14:15
Federal Reserve faces 90% chance of rate hike by year-end, CME FedWatch shows
Markets are pricing in Fed tightening even as BMO's Jennifer Lee holds a lonely contrarian view on rates staying put through 2026 The Federal Reserve is staring down a 90% probability of raising interest …
Markets are pricing in Fed tightening even as BMO's Jennifer Lee holds a lonely contrarian view on rates staying put through 2026
The Federal Reserve is staring down a 90% probability of raising interest rates at least once before the end of 2026, according to the CME FedWatch Tool, as persistent inflation data reshapes market expectations around monetary policy. That figure has surged following recent inflation releases that rattled investors who had been hoping price pressures were finally cooling.
BMO Capital Markets senior economist Jennifer Lee is not buying it.
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A tale of two forecasts
Lee has consistently argued that the Fed will hold rates steady through 2026, with any cuts not arriving until the fourth quarter of 2027 at the earliest. Bank of America has gone further, projecting three separate 25-basis-point hikes in 2026, which would push rates to the 4.25–4.50% range.
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BMO acknowledges the potential for hikes if data trends shift materially, but maintains the base case is a hold.
New leadership, hawkish signals
Part of what is driving market anxiety is a change at the top of the Fed. Kevin Warsh, who took over as chair in May 2026, has brought a distinctly hawkish tilt to the institution.
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The June 2026 FOMC dot-plot offered a concrete illustration of how divided the committee has become. Nine of the 18 members indicated they expect at least one rate increase by year-end, a signal that the internal debate is far from settled.
What the divergence means for markets
For bond markets, if Bank of America’s three-hike scenario plays out, the yield curve will need to reprice significantly. Investors sitting in longer-duration fixed income are effectively making a bet that the Fed blinks before it tightens that far.
BMO’s contrarian stance is grounded in a data-dependent framework that explicitly leaves room for revision. Lee and her team are not dismissing the inflation risk. They are arguing that the current data does not yet justify a departure from the hold position.
CRYPTO
Crypto Briefing
14 Sep 2026 · 14:15
Bond market pushes for Fed rate hikes despite limited impact on gas prices
Fed Decisions from June to September The bond market is advocating for Federal Reserve rate hikes, despite the expectation that such measures will not effectively lower gas prices. MarketWatch reports that the bond market’s …
Fed Decisions from June to September
The bond market is advocating for Federal Reserve rate hikes, despite the expectation that such measures will not effectively lower gas prices. MarketWatch reports that the bond market’s push comes amid continued high gasoline prices, which have not been directly affected by Federal Reserve policy aimed at borrowing costs. With gasoline prices rising by over 30% from a year earlier, the focus remains on how rate decisions will influence broader economic conditions rather than fuel prices specifically.
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The current pricing in prediction markets reflects uncertainty about the Federal Reserve’s next moves in its upcoming meetings. The market appears divided, with some scenarios implying a pause in rate hikes while others lean toward continued increases. Market participants are observing the Federal Open Market Committee’s (FOMC) decisions closely, as they weigh the bond market’s influence against existing economic indicators.
Key Takeaways
The bond market appears to advocate for rate hikes, despite their limited impact on gas prices, suggesting continued inflation concerns.
Current prediction market pricing suggests mixed expectations for the Fed’s decisions, with a significant drop in the likelihood of a pause.
Market movements indicate that participants are closely monitoring the Fed’s actions and economic data for indications of future policy direction.
What to Watch
Market participants will be watching the Federal Reserve’s upcoming meetings closely, especially the September 16 decision. Any statements from key actors like Chairman Kevin Warsh or FOMC members could provide further indications of the Fed’s policy trajectory. Economic indicators such as inflation rates and employment data will also be critical in shaping market expectations. A shift in pricing consistent with a YES outcome could occur if the Fed indicates a more dovish stance or if economic data suggest a cooling economy.
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MACRO & FED
ABC News (AU)
14 Sep 2026 · 13:45
Banks' surprise move as interest rate hike looms
Competition in the mortgage market is heating up as banks compete for fewer customers by cutting home loan rates, while economists expect the Reserve Bank to hike interest rates. Competition in the mortgage market …
Competition in the mortgage market is heating up as banks compete for fewer customers by cutting home loan rates, while economists expect the Reserve Bank to hike interest rates. Competition in the mortgage market is heating up as banks compete for fewer customers by cutting home loan rates, even as the Reserve Bank threatens to raise the cash rate.
The Commonwealth Bank cut…