🚨 This could be one of the biggest weeks for crypto in America.
And this time, Congress may not be the one calling the shots.
Two major meetings are coming back-to-back.
Wednesday: The White House sits down with crypto industry leaders.
Thursday: The CFTC meets to discuss crypto regulation.
That matters because Congress has already missed its August window for the CLARITY Act. A Senate vote now isn't expected until September at the earliest.
Meanwhile, CFTC Chair Mike Selig has made his position clear: if Congress doesn't act, the agency is prepared to move forward with writing the rules itself.
So this week could tell us whether that plan is still alive — and how quickly US crypto regulation could start moving without Congress.
But crypto isn't the only story traders are watching.
Monday: US stocks open after Iran says the Strait will not reopen, while Japan releases Q2 GDP.
Tuesday: Fresh US housing market data.
Wednesday: White House meeting with crypto leaders + FOMC minutes.
Thursday: CFTC meeting on crypto regulation.
Friday: Japan inflation data + S&P Global manufacturing PMI.
That's a lot packed into five days.
Markets will be watching the Fed.
Oil traders will be watching the Strait.
Global investors will be watching Japan.
But for crypto, all eyes are on Washington.
Wednesday could reveal what the White House wants.
Thursday could reveal what regulators are actually prepared to do.
Congress may have pushed the decision into September.
Crypto might not wait that long.
And this time, Congress may not be the one calling the shots.
Two major meetings are coming back-to-back.
Wednesday: The White House sits down with crypto industry leaders.
Thursday: The CFTC meets to discuss crypto regulation.
That matters because Congress has already missed its August window for the CLARITY Act. A Senate vote now isn't expected until September at the earliest.
Meanwhile, CFTC Chair Mike Selig has made his position clear: if Congress doesn't act, the agency is prepared to move forward with writing the rules itself.
So this week could tell us whether that plan is still alive — and how quickly US crypto regulation could start moving without Congress.
But crypto isn't the only story traders are watching.
Monday: US stocks open after Iran says the Strait will not reopen, while Japan releases Q2 GDP.
Tuesday: Fresh US housing market data.
Wednesday: White House meeting with crypto leaders + FOMC minutes.
Thursday: CFTC meeting on crypto regulation.
Friday: Japan inflation data + S&P Global manufacturing PMI.
That's a lot packed into five days.
Markets will be watching the Fed.
Oil traders will be watching the Strait.
Global investors will be watching Japan.
But for crypto, all eyes are on Washington.
Wednesday could reveal what the White House wants.
Thursday could reveal what regulators are actually prepared to do.
Congress may have pushed the decision into September.
Crypto might not wait that long.