The final vote on the U.S. CLARITY Act is scheduled for 2:15 p.m. ET tomorrow. Insiders say the bill is an updated version that has secured Democratic approval. Market estimates put the odds of passage at about 51%, leaving the outcome highly uncertain. Supporters say passage would establish a clearer regulatory framework for crypto assets, while a rejection would leave the regulatory vacuum in place.

The U.S. Commodity Futures Trading Commission (CFTC) has formally submitted bitcoin and broader crypto market rules to the White House for approval. The move marks a key step in developing the U.S. regulatory framework for crypto assets. The rules are expected to take effect after they are signed by the president, providing clearer compliance guidance for the industry.

Hyperliquid has rolled out manual borrowing on its Portfolio Margin, built on the same underlying HyperCore infrastructure. The feature recorded $269M in assets borrowed at launch. Users can post HYPE and BTC as collateral to borrow quote assets, USDC and USDT. Interest rates for borrowed and supplied quote assets are determined by pool utilization.

The U.S. House Financial Services Committee advanced H.R. 8957 by a 28–21 vote, moving forward legislation tied to both a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. The measure would classify government-held crypto assets, placing $BTC into the Strategic Bitcoin Reserve while routing non-Bitcoin assets into the U.S. Digital Asset Stockpile. Trump previously named $XRP, $SOL and $ADA when announcing his crypto-reserve plans. The bill must still pass the full House and Senate before it can become law.

A bill aimed at creating a U.S. strategic Bitcoin reserve has passed a key subcommittee in the House of Representatives, marking a significant step in the legislative process. If enacted, it would authorize the U.S. government to buy and hold Bitcoin as a national strategic asset. The bill still faces additional legislative review stages.

U.S. lawmakers passed a bill that would freeze the federal government’s Bitcoin holdings for up to two decades. The measure is designed to keep the government’s crypto assets locked up long term, limiting the chances they could be sold or used in the near term. The bill focuses on federal-level management of Bitcoin positions and does not address other crypto assets or broader regulatory changes.

The U.S. Senate failed to pass the CLARITY crypto regulatory bill by a 49–50 vote, short of the 60 votes required. The effort collapsed amid Democratic demands that officials sell—rather than merely place in a blind trust—their crypto holdings, including holdings tied to Trump’s family and World Liberty Financial. The vote also exposed unresolved disputes between banks and the crypto sector over stablecoin reward rules and over DeFi anti-money-laundering concerns. After the vote, BTC fell 5%, ETH dropped 6%, XRP slid 12%, and Coinbase and CRCL were down about 10%.

The U.S. Senate blocked advancement of the Clarity Act on Sept. 15 after a motion to proceed failed the 60-vote threshold in a 49–50 vote. A revised version of the bill incorporated 126 changes requested by Democrats, including provisions on a stablecoin-rewards “circuit breaker,” state-level enforcement, and expanded safe harbors for developers. Markets reacted negatively, with Bitcoin down about 3%. Coinbase and Circle shares fell roughly 8%–10%.