August 3, investment firm Bernstein said that the outlook for the U.S. “Digital Assets Market Clarity Act” (CLARITY Act) is worsening, and if the Senate fails to advance the bill before the recess, it could trigger a short-term negative reaction in the market, further pressuring the valuation of Bitcoin and overall crypto assets.
Bernstein noted that a bill failure could lead to an “instinctive sell-off” in the market, but in the long run it may also prompt the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate regulatory efforts, including clarifying token classification rules, developing a regulatory framework for decentralized finance (DeFi), and moving forward with token issuance exemption mechanisms.
Bernstein expects the crypto market to bottom out from late Q3 to early Q4 and gradually regain momentum ahead of the U.S. midterm elections.
At present, market expectations that the CLARITY Act will be signed into law by the end of 2026 continue to decline. Data from prediction platform Polymarket shows the probability of passage this year has fallen to 31%, down 7 percentage points from a week ago, down 9 percentage points over the past month, with related bet amounts totaling about $3.7 million.
The CLARITY Act is intended to establish the first U.S. regulatory framework for digital asset markets, but it has faced resistance from the banking industry due to stablecoin yield provisions. Previously, Galaxy Digital reduced its probability of the bill being implemented in 2026 to 50% and warned that the time for the Senate to advance it is running out.
August 3, former Federal Reserve economist: Economic data may be distorted, and the Fed could misjudge the situation
Former Federal Reserve economist and Sahm Rule originator Claudia Sahm said that if the Fed ignores基层 economic signals for a long time, it may misjudge economic conditions due to distorted macroeconomic data.
Sahm noted that the “resilience” shown in current U.S. consumer data is not driven by growth in household wealth. Instead, it comes more from households taking on more debt and lowering their consumption standards to maintain their way of life. The Fed’s latest Beige Book shows that in nearly half of the regions, Federal Reserve observers have found that consumers are paying for day-to-day expenses through credit cards, small loans, and other forms of credit.
At the same time,基层 consumption pressure continues to build. In some areas, consumers have reduced spending on higher-priced food due to high prices, and food-assistance demand faced by charities has even exceeded levels seen during the financial crisis and the pandemic.
In the job market, Sahm said there is a gap between the official low unemployment-rate data and workers’ actual experiences. Fed interviews show that some workers describe the current employment environment as “survival” rather than “stability.” Due to concerns about economic uncertainty, workers’ willingness to change jobs has declined, and even when faced with wage stagnation, they choose to stay.
Sahm warned that although基层 economic pressures are intensifying, some businesses have started proactively raising wages as employees’ cost of living increases, which could potentially push inflation risks higher again. She believes that as a data-driven institution, the Fed should not rely only on macro statistical data, but needs to pay attention to ordinary households’ real feelings about prices and employment; otherwise, it may miss important signals of economic changes.
August 3, investment firm Bernstein said that the outlook for the U.S. “Digital Assets Market Clarity Act” (CLARITY Act) is worsening, and if the Senate fails to advance the bill before the recess, it could trigger a short-term negative reaction in the market, further pressuring the valuation of Bitcoin and overall crypto assets.
Bernstein noted that a bill failure could lead to an “instinctive sell-off” in the market, but in the long run it may also prompt the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate regulatory efforts, including clarifying token classification rules, developing a regulatory framework for decentralized finance (DeFi), and moving forward with token issuance exemption mechanisms.
Bernstein expects the crypto market to bottom out from late Q3 to early Q4 and gradually regain momentum ahead of the U.S. midterm elections.
At present, market expectations that the CLARITY Act will be signed into law by the end of 2026 continue to decline. Data from prediction platform Polymarket shows the probability of passage this year has fallen to 31%, down 7 percentage points from a week ago, down 9 percentage points over the past month, with related bet amounts totaling about $3.7 million.
The CLARITY Act is intended to establish the first U.S. regulatory framework for digital asset markets, but it has faced resistance from the banking industry due to stablecoin yield provisions. Previously, Galaxy Digital reduced its probability of the bill being implemented in 2026 to 50% and warned that the time for the Senate to advance it is running out.
August 3, former Federal Reserve economist: Economic data may be distorted, and the Fed could misjudge the situation
Former Federal Reserve economist and Sahm Rule originator Claudia Sahm said that if the Fed ignores基层 economic signals for a long time, it may misjudge economic conditions due to distorted macroeconomic data.
Sahm noted that the “resilience” shown in current U.S. consumer data is not driven by growth in household wealth. Instead, it comes more from households taking on more debt and lowering their consumption standards to maintain their way of life. The Fed’s latest Beige Book shows that in nearly half of the regions, Federal Reserve observers have found that consumers are paying for day-to-day expenses through credit cards, small loans, and other forms of credit.
At the same time,基层 consumption pressure continues to build. In some areas, consumers have reduced spending on higher-priced food due to high prices, and food-assistance demand faced by charities has even exceeded levels seen during the financial crisis and the pandemic.
In the job market, Sahm said there is a gap between the official low unemployment-rate data and workers’ actual experiences. Fed interviews show that some workers describe the current employment environment as “survival” rather than “stability.” Due to concerns about economic uncertainty, workers’ willingness to change jobs has declined, and even when faced with wage stagnation, they choose to stay.
Sahm warned that although基层 economic pressures are intensifying, some businesses have started proactively raising wages as employees’ cost of living increases, which could potentially push inflation risks higher again. She believes that as a data-driven institution, the Fed should not rely only on macro statistical data, but needs to pay attention to ordinary households’ real feelings about prices and employment; otherwise, it may miss important signals of economic changes.
August 3, investment firm Bernstein said that the outlook for the U.S. “Digital Assets Market Clarity Act” (CLARITY Act) is worsening, and if the Senate fails to advance the bill before the recess, it could trigger a short-term negative reaction in the market, further pressuring the valuation of Bitcoin and overall crypto assets.
Bernstein noted that a bill failure could lead to an “instinctive sell-off” in the market, but in the long run it may also prompt the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate regulatory efforts, including clarifying token classification rules, developing a regulatory framework for decentralized finance (DeFi), and moving forward with token issuance exemption mechanisms.
Bernstein expects the crypto market to bottom out from late Q3 to early Q4 and gradually regain momentum ahead of the U.S. midterm elections.
At present, market expectations that the CLARITY Act will be signed into law by the end of 2026 continue to decline. Data from prediction platform Polymarket shows the probability of passage this year has fallen to 31%, down 7 percentage points from a week ago, down 9 percentage points over the past month, with related bet amounts totaling about $3.7 million.
The CLARITY Act is intended to establish the first U.S. regulatory framework for digital asset markets, but it has faced resistance from the banking industry due to stablecoin yield provisions. Previously, Galaxy Digital reduced its probability of the bill being implemented in 2026 to 50% and warned that the time for the Senate to advance it is running out.
August 3, former Federal Reserve economist: Economic data may be distorted, and the Fed could misjudge the situation
Former Federal Reserve economist and Sahm Rule originator Claudia Sahm said that if the Fed ignores基层 economic signals for a long time, it may misjudge economic conditions due to distorted macroeconomic data.
Sahm noted that the “resilience” shown in current U.S. consumer data is not driven by growth in household wealth. Instead, it comes more from households taking on more debt and lowering their consumption standards to maintain their way of life. The Fed’s latest Beige Book shows that in nearly half of the regions, Federal Reserve observers have found that consumers are paying for day-to-day expenses through credit cards, small loans, and other forms of credit.
At the same time,基层 consumption pressure continues to build. In some areas, consumers have reduced spending on higher-priced food due to high prices, and food-assistance demand faced by charities has even exceeded levels seen during the financial crisis and the pandemic.
In the job market, Sahm said there is a gap between the official low unemployment-rate data and workers’ actual experiences. Fed interviews show that some workers describe the current employment environment as “survival” rather than “stability.” Due to concerns about economic uncertainty, workers’ willingness to change jobs has declined, and even when faced with wage stagnation, they choose to stay.
Sahm warned that although基层 economic pressures are intensifying, some businesses have started proactively raising wages as employees’ cost of living increases, which could potentially push inflation risks higher again. She believes that as a data-driven institution, the Fed should not rely only on macro statistical data, but needs to pay attention to ordinary households’ real feelings about prices and employment; otherwise, it may miss important signals of economic changes.
August 3, investment firm Bernstein said that the outlook for the U.S. “Digital Assets Market Clarity Act” (CLARITY Act) is worsening, and if the Senate fails to advance the bill before the recess, it could trigger a short-term negative reaction in the market, further pressuring the valuation of Bitcoin and overall crypto assets.
Bernstein noted that a bill failure could lead to an “instinctive sell-off” in the market, but in the long run it may also prompt the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate regulatory efforts, including clarifying token classification rules, developing a regulatory framework for decentralized finance (DeFi), and moving forward with token issuance exemption mechanisms.
Bernstein expects the crypto market to bottom out from late Q3 to early Q4 and gradually regain momentum ahead of the U.S. midterm elections.
At present, market expectations that the CLARITY Act will be signed into law by the end of 2026 continue to decline. Data from prediction platform Polymarket shows the probability of passage this year has fallen to 31%, down 7 percentage points from a week ago, down 9 percentage points over the past month, with related bet amounts totaling about $3.7 million.
The CLARITY Act is intended to establish the first U.S. regulatory framework for digital asset markets, but it has faced resistance from the banking industry due to stablecoin yield provisions. Previously, Galaxy Digital reduced its probability of the bill being implemented in 2026 to 50% and warned that the time for the Senate to advance it is running out.
August 3, investment firm Bernstein said that the outlook for the U.S. “Digital Assets Market Clarity Act” (CLARITY Act) is worsening, and if the Senate fails to advance the bill before the recess, it could trigger a short-term negative reaction in the market, further pressuring the valuation of Bitcoin and overall crypto assets.
Bernstein noted that a bill failure could lead to an “instinctive sell-off” in the market, but in the long run it may also prompt the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate regulatory efforts, including clarifying token classification rules, developing a regulatory framework for decentralized finance (DeFi), and moving forward with token issuance exemption mechanisms.
Bernstein expects the crypto market to bottom out from late Q3 to early Q4 and gradually regain momentum ahead of the U.S. midterm elections.
At present, market expectations that the CLARITY Act will be signed into law by the end of 2026 continue to decline. Data from prediction platform Polymarket shows the probability of passage this year has fallen to 31%, down 7 percentage points from a week ago, down 9 percentage points over the past month, with related bet amounts totaling about $3.7 million.
The CLARITY Act is intended to establish the first U.S. regulatory framework for digital asset markets, but it has faced resistance from the banking industry due to stablecoin yield provisions. Previously, Galaxy Digital reduced its probability of the bill being implemented in 2026 to 50% and warned that the time for the Senate to advance it is running out.
August 3, former Federal Reserve economist: Economic data may be distorted, and the Fed could misjudge the situation
Former Federal Reserve economist and Sahm Rule originator Claudia Sahm said that if the Fed ignores基层 economic signals for a long time, it may misjudge economic conditions due to distorted macroeconomic data.
Sahm noted that the “resilience” shown in current U.S. consumer data is not driven by growth in household wealth. Instead, it comes more from households taking on more debt and lowering their consumption standards to maintain their way of life. The Fed’s latest Beige Book shows that in nearly half of the regions, Federal Reserve observers have found that consumers are paying for day-to-day expenses through credit cards, small loans, and other forms of credit.
At the same time,基层 consumption pressure continues to build. In some areas, consumers have reduced spending on higher-priced food due to high prices, and food-assistance demand faced by charities has even exceeded levels seen during the financial crisis and the pandemic.
In the job market, Sahm said there is a gap between the official low unemployment-rate data and workers’ actual experiences. Fed interviews show that some workers describe the current employment environment as “survival” rather than “stability.” Due to concerns about economic uncertainty, workers’ willingness to change jobs has declined, and even when faced with wage stagnation, they choose to stay.
Sahm warned that although基层 economic pressures are intensifying, some businesses have started proactively raising wages as employees’ cost of living increases, which could potentially push inflation risks higher again. She believes that as a data-driven institution, the Fed should not rely only on macro statistical data, but needs to pay attention to ordinary households’ real feelings about prices and employment; otherwise, it may miss important signals of economic changes.
Hello everyone! 👋 Thanks for your continued support! 🧧 To show our appreciation to the community, we’ve specially prepared red packet perks for everyone! 🧧 👉 Just follow these two simple steps to claim: 1️⃣ Share this post / the pinned post 🔁 2️⃣ Click the button below to claim the red packet reward! 💰 Limited quantity—don’t be late! Wishing you amazing luck! Let’s keep it up together! 🚀🔥
🚨 **Did you know?** In the history of football, only **one** player can say he won the Ballon d'Or in the same night as the legendary star Pelé— and that is Cristiano Ronaldo. How the rules created this legendary moment: 1️⃣ Before 1995, non-European players were not allowed to compete for the Ballon d'Or. This means Pelé never officially received the award during his entire career. 2️⃣ On January 13, 2014, FIFA presented Pelé with a special “Ballon d'Or Prix d'Honneur” (Honorary Ballon d'Or) to permanently cement his legendary status in the Hall of Fame of this award. 3️⃣ After that, Cristiano Ronaldo took the stage to receive the award—beforehand, he won the 2013 Ballon d'Or thanks to an astonishing 69 goals in a single season, beating Lionel Messi and Franck Ribéry. Seeing Pelé pass the torch of the “King of Football” to CR7— with each of them holding a Ballon d'Or— this moment became one of the most touching scenes captured by the camera. Unmatched greatness.👑🇵🇹 Chasing the goal of 20,000 followers! Family, please help share this post—and thank you all for your continued support 🌹😊 #binance #1688家族family answer:7 回答 :7
CZ: Why run all over the place? The Coin Security Department already has that 🔥 Binance's new slogan has been shouted! 🔥 🧧 Reply to get the red envelope 👇 #cz #bnb