US Senate Rejects Clarity Act in 49-50 Vote

The US Senate rejected the Clarity Act through procedural voting by a 49-50 margin, failing to reach the required 60-vote threshold. The Block reported that Senator Elizabeth Warren opposes the current bill but pledged continued efforts for cryptocurrency legislation. Arc has launched its public mainnet with cross-chain functionality, enabling interoperability with Ethereum (ETH) and Solana (SOL). BlockBeats noted Arc allows USDC to be used as gas fees, targeting financial markets, real-time payments, and tokenized asset trading.

The SEC directed investment advisors to develop a proposal permitting virtual asset custody. Chair Paul Atkins stated the agency is reviewing options allowing registered investment advisors and regulated funds to directly hold virtual assets or use prime brokers. Stablecoin supply has grown to $30.3 billion (approximately 408 trillion won), with payment volume reaching up to $52.7 billion (about 710 trillion won). Allium reported a 6% year-over-year increase in stablecoin supply for August 2026, while payment volume from January to August totaled between $40.1 billion and $52.7 billion (approximately 540-710 trillion won), with Tether and Circle accounting for 85% of total supply.

Public companies excluding miners sold a net $21.63 million worth of Bitcoin (BTC) as of September 14, Eastern Time. SoSoValue reported the global market saw a net sell-off of $21.63 million in BTC. Strategy did not add to its Bitcoin holdings for two consecutive weeks, while BitMine added 27,180 Ethereum (ETH), increasing its total holdings to 5,956,378 ETH. A whale sold 866.1 Bitcoin (BTC) and bought 26,924 Ethereum (ETH), with the BTC sale valued at approximately $65.42 million ($8.9 billion). The on-chain analyst '余烬' noted the whale sold Bitcoin and purchased Ethereum about 12 hours prior.

Among 22 major Wall Street institutions, 19 forecasted a September rate hike by the Federal Reserve, with most expecting a 50 basis point increase. CoinTelegraph reported that these are institutional expectations, not official Fed decisions. DeBot isolated affected wallets and transferred assets following a security alert on September 16. Team member Cat announced automatic transfers to new wallets without personal keys.

Aave Labs proposed an isolation-style stablecoin lending market for institutional-held Bitcoin (BTC) collateral through its Aave DAO governance forum. Initial collateral would be Bitcoin held by Anchorage, remaining with the custodian during the loan term. Fin.com, a stablecoin payment infrastructure company, raised $20 million in seed funding from Xpra and Garrett Camp, alongside Coinbase Ventures.