#FedRateWatch
*Today's Crypto News - Sept 16, 2026*
Big blow for crypto today:
*1. Senate CLARITY Act FAILS:* The Digital Asset Market Clarity Act failed to advance in Senate - vote was 49-50, needed 60. This was the once-in-a-generation bill to regulate crypto as commodities under CFTC. Market was already pricing in failure but still reacted hard. 7270
*2. Market Drop:* Bitcoin down ∼4% to *$75,908* - lowest since Aug 21. ETH down 3.9% to $2,407, SOL to $98.50. Crypto stocks crashed: Coinbase -9%, Circle -9.4%, Galaxy -8%, Robinhood -3% c7fa
*3. CoinEx Shutting Down:* Hong Kong-based exchange CoinEx announced it will cease operations after 9 years due to prolonged downturn and rising compliance costs. Trading volume fell to near 3-year lows. Withdrawals open till Dec 22, spot trading stops Sept 29 4c23
*4. Fed Decision Tomorrow:* Fed meets Sept 16-17, futures pricing 60-66% chance of a 25bps RATE HIKE - first since 2023. Core CPI cooled to ∼3%, but still a headwind for risk assets.
Risk-off day across board.
*Today's Crypto News - Sept 16, 2026*
Big blow for crypto today:
*1. Senate CLARITY Act FAILS:* The Digital Asset Market Clarity Act failed to advance in Senate - vote was 49-50, needed 60. This was the once-in-a-generation bill to regulate crypto as commodities under CFTC. Market was already pricing in failure but still reacted hard. 7270
*2. Market Drop:* Bitcoin down ∼4% to *$75,908* - lowest since Aug 21. ETH down 3.9% to $2,407, SOL to $98.50. Crypto stocks crashed: Coinbase -9%, Circle -9.4%, Galaxy -8%, Robinhood -3% c7fa
*3. CoinEx Shutting Down:* Hong Kong-based exchange CoinEx announced it will cease operations after 9 years due to prolonged downturn and rising compliance costs. Trading volume fell to near 3-year lows. Withdrawals open till Dec 22, spot trading stops Sept 29 4c23
*4. Fed Decision Tomorrow:* Fed meets Sept 16-17, futures pricing 60-66% chance of a 25bps RATE HIKE - first since 2023. Core CPI cooled to ∼3%, but still a headwind for risk assets.
Risk-off day across board.