Schwab: The probability of the CLARITY Act passing before the U.S. midterm elections remains low

Odaily Planet Daily News: Schwab stated in its Weekly Trader Market Outlook that, as of the time of writing, the Bitwise Top 10 Large-Cap Crypto Index has fallen 3% since last Friday; Bitcoin is down 3% over the same period, and Ethereum is down 2%. Bitcoin continues to exhibit characteristics of a low-correlation asset, with this week's CPI and PPI data having limited impact on its price.

Last week, the U.S. Senate entered its summer recess, and the CLARITY Act did not come up for a vote. Although the cloture vote on the bill is scheduled for September 14, the probability of it passing before the midterm elections remains low.