Crypto’s biggest week ever? Swarm fears prompt AI slowdown: Hodler’s Digest

Crypto’s moment of CLARITY arrives The CLARITY act heads for a crucial Senate vote on September 15, with Politico reporting that Democrat senators were called to a meeting on Sunday by Minority Leader Chuck Schumer to discuss their position. While Polymarket puts the odds of CLARITY becoming law this year at just 24%, the odds of there being 60 votes in favor of the cloture vote on Tuesday are higher, as it would move the bill into the amendment and debate phase. That’s where the rubber would hit the road on issues that have drained support so far including ethics provisions for elected officials, stablecoin yield, and protections for decentralized developers. The final vote would require a simple majority of 51 however. The bill has now doubled in size to more than 630 pages since the first draft was released in May 2025. It follows a year’s worth of work by both Democrat and Republican senators. A new draft was released last week with 14 pages of new text directing the SEC and CFTC to determine whether those in control of “non-decentralized finance trading protocols” must comply with securities, commodities and anti-money laundering requirements. That version didn’t include any of the big changes to the ethics provisions the Democrats have demanded as a red line for supporting the bill. President Donald Trump reportedly met with advisors late last week to discuss whether he’d agree to further curbs on his multi billion dollar crypto empire. On the weekend White House crypto advisor Patrick Witt posted that it was a “bad day to be a Clarity Act doomer.” A new 635 page version of the bill landed today, including “new, White House-blessed government ethics language covering federal officials’ engagements with digital assets” according to Politico. Senator Cynthia Lummis said the White House has agreed to a “meaningful” role for state Attorney Generals in enforcement of the provisions, which the Democrats have been pushing for as they don’t trust the Department of Justice to prosecute the President. Altcoin Daily claimed the combination of the CLARITY vote, the Federal Reserve’s interest rate decisions and other positive developments could make this “crypto’s biggest week ever.” Carl Higbie from NewsMax predicted a sea change for crypto businesses and hodlers if the bill passes, claiming that “banks would shift trillions into this market overnight. Thousands of people, maybe even you, if you hold a little bit of it, would become millionaires overnight.” This is not a particularly likely scenario at this point in time, but it’s nice to dream.