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Crypto News Today: CLARITY bill fails to be voted on in August, White House and CFTC will hold key c

2026-08-17 00:47:40
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Cryptocurrency market enters a critical week: U.S. regulation returns to focus, CLARITY bill misses the expected window in August

The cryptocurrency market enters a critical week, and U.S. regulation is once again in focus, after the CLARITY bill failed to be passed in August as scheduled. The Senate is not expected to vote on the bill until September at the earliest, making the White House and CFTC meeting the next big event for the industry. This comes as digital assets have gone through a difficult week. It is reported that the total market value of cryptocurrencies has evaporated by $85 billion, and the price of Bitcoin has fallen to a 31-day low of $62,500. The Bitcoin ETF also recorded an outflow of $389 million, the largest weekly outflow in six weeks. At the same time, Cardano is preparing for a two-phase upgrade to Dijkstra that could lead to higher throughput and faster settlement speeds.

CLARITY bill misses August vote

The biggest regulatory development is the delay in the CLARITY bill. The bill missed the August window, and the next Senate vote is expected to be as early as September. This has the cryptocurrency industry set its sights on this week's high-level and regulatory meetings. The White House is scheduled to meet with cryptocurrency leaders on Wednesday, before the CFTC will hold a cryptocurrency rules meeting on Thursday.

Two meetings this week may determine the future of cryptocurrencies in the United States. The White House will meet with cryptocurrency leaders on Wednesday. The CFTC will hold a cryptocurrency rules meeting on Thursday. Congress has failed. CLARITY bill misses the August window, Senate vote is due at the earliest...

CFTC Chairman Mike Selig said that if Congress does not take action, the agency can set its own cryptocurrency rules. That makes Thursday's meeting particularly important for market participants, who are focusing on how digital asset regulation will evolve in the United States in the absence of a complete legislative framework.

White House and CFTC meetings may be crucial for cryptocurrencies

Wednesday's White House meeting coincides with the release of FOMC minutes, and cryptocurrency traders will focus on two major U.S. events on the same day. Thursday's CFTC meeting follows closely, and cryptocurrency regulation is expected to become a core issue. The combination of the two could provide clues as to how regulators will handle digital assets if Congressional legislation continues to drag on.

The broader economic calendar is equally busy. U.S. housing data will be released on Tuesday, Japan's second-quarter GDP will be released on Monday, and Japan's inflation data and the S & P's global manufacturing PMI will be released on Friday. These data may affect overall risk appetite, which in turn affects Bitcoin prices.

Bitcoin prices face ETF outflows and a low of US$62,500

Cryptocurrency has been hit hard. Bitcoin fell to $62,500, its lowest level in 31 days. Total market value has evaporated by $85 billion in the past week, suggesting the sell-off was widespread.

BOOOOM Cryptocurrency has had a tough week! The total market value evaporated by US$85 billion! Bitcoin plunged to a 31-day low of $62,500. In addition, the Bitcoin ETF experienced a massive outflow of $389 million, the largest in six weeks. Don't forget, Saylor's...

The Bitcoin ETF outflow was $389 million, the largest weekly outflow in six weeks. In addition, Strategy sold another $108 million worth of Bitcoin, which added more pressure on the institutional side. The market value of the altcoin closed at an all-time low. So traders are now focusing on one thing: Can Bitcoin prices stabilize first? Until then, don't expect the rest of the market to improve.

Cardano upgrade brings independent catalyst

Cardano is preparing for a two-phase Dijkstra upgrade that could bring major network improvements. The first phase aims to complete the code in the fourth quarter of 2026, including Ouroboros Linear Leios, which aims to increase throughput by replenishing endorser blocks.

Cardano plans to upgrade Dijkstra in two phases, including Leios and Peras. Cardano has outlined a two-phase deployment for the upcoming Dijkstra era. The first phase goal is to complete the code in the fourth quarter of 2026, which will activate Ouroboros Linear Leios (CIP-164) to increase throughput by replenishing endorser blocks...

This upgrade also includes nested transactions, guard scripts, account address improvements and simpler pledge reward withdrawals. The second phase goal is to activate Ouroboros Peras in the second quarter of 2027 and increase pledge pool voting to speed up settlement. Both phases require testnet deployment and on-chain governance approval before they can be activated on the main network. For Cardano prices, the key question is whether these technology upgrades can translate into stronger network activity as they advance.

What do cryptocurrency traders focus on next

The closest events are now clear: Wednesday's White House cryptocurrency meeting, the same day's FOMC meeting minutes, and Thursday's CFTC cryptocurrency rules meeting. As the CLARITY bill is delayed until as early as September and Bitcoin prices rebound from a low of $62,500, regulatory clarity could become an important catalyst for the direction of the market.

In addition, ETF capital flow remains a key indicator. If the previously reported outflow of $389 million reverses, it could relieve pressure on Bitcoin prices, but continued outflows will keep the entire cryptocurrency market fragile.

FAQs

When will the CLARITY bill be voted on in the Senate?

The CLARITY bill missed the August window, and the next Senate vote is expected to be as early as September. Until then, cryptocurrency regulation may be advanced through institutional actions by the CFTC and other U.S. regulators.

What cryptocurrency conferences are there this week?

The White House is scheduled to meet with cryptocurrency leaders on Wednesday, followed by a meeting on cryptocurrency regulation by the CFTC on Thursday. FOMC meeting minutes will also be released on Wednesday, making it the busiest day for cryptocurrency-related market catalysts.

Why did Bitcoin price drop to US$62,500?

Bitcoin prices fell to a 31-day low of $62,500 due to weakness in the broader cryptocurrency market. Data showed that the outflow of funds from Bitcoin ETF reached US$389 million, the largest weekly outflow in six weeks, while Strategy sold another US$108 million in Bitcoin.

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