Crypto-linked equities staged a sharp rebound on Friday after a selloff tied to the failed Senate vote on the CLARITY Act lasted only two days. According to Yahoo Finance data, Strategy, formerly MicroStrategy, rose more than 13%, while Coinbase and American Bitcoin each gained about 11%. Robinhood climbed nearly 9%, and Circle, Strive, and Riot Platforms also moved higher by roughly 5% to 7%. Bitcoin recovered to around $80,800, up about 5% over 24 hours. The immediate trigger was a pair of actions from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. The CFTC expanded no-action relief for passive trading software providers, allowing wallet developers to connect with compliant derivatives markets without triggering broker registration obligations. The SEC, meanwhile, paused some compliance requirements to let certain platforms conduct on-chain tokenized stock trading. The CFTC also submitted a crypto market prerule filing to the White House. Its contents have not been disclosed, but the filing itself signaled that federal agencies are still prepared to advance oversight under the existing framework, even with Congress unable to move the CLARITY bill forward. The rebound, however, does not resolve the political disagreements that stalled the legislation.

MarsBit’s Weekly Editor’s Picks for Sept. 12 to Sept. 18 rounds up a broad set of crypto and macro stories that the outlet sees as worth deeper attention. The selection starts with the U.S. Federal Reserve’s unanimous decision on Sept. 16 to raise its benchmark rate by 25 basis points to a 3.75% to 4.00% range, alongside a dot plot that pointed to at least one more hike this year. MarsBit said the hawkish signal pressured U.S. stocks and gold, lifted the dollar to a one-month high, and sharply bear-flattened the yield curve. The roundup also highlights X’s Cashtag Partner Program in the U.S., which adds a Trade entry for supported stock, ETF and crypto cashtags and connects users to brokers including Interactive Brokers, Moomoo, Gemini, Kraken and Coinbase. In policy, MarsBit says the U.S. Securities and Exchange Commission used an “innovation exemption” to open a path for tokenized stock trading after the CLARITY bill failed in the Senate. Other featured topics include the delisting path of U.K.-listed BTC treasury company Satsuma, the implications of EIP-8141 Frame Transactions for paying Ethereum gas without holding ETH in a wallet, ARC’s weak meme launch, and a security report on a North Korean hiring tactic involving a $500 paid interview and in-person job substitution.

WuBlockchain’s weekly roundup focused on policy, regulation and institutional moves across crypto and traditional finance. The U.S. Federal Reserve raised its target range for the federal funds rate by 25 basis points to 3.75%–4.00% in a unanimous 12-0 vote, while saying inflation remains elevated. In Washington, the CLARITY Act failed to advance in the U.S. Senate after falling short of the 60 votes needed to invoke cloture, with support not even reaching 50. The U.S. Securities and Exchange Commission also approved a temporary conditional “Innovation Exemption” that would let qualified tokenized securities venues pilot trading in tokenized NMS stocks under a limited framework. Outside the U.S., The Wall Street Journal reported that European Central Bank President Christine Lagarde personally intervened in a process that would have given Binance a foothold in the EU through Greece. In the UK, the Financial Conduct Authority said banks will still be allowed to keep payment restrictions on crypto exchanges even after the new cryptoasset regime takes effect in 2027. The week also included major industry developments: CoinEx said it will wind down its exchange after nearly nine years and close withdrawals on Dec. 22; the New York Stock Exchange is said to be working toward 24/7 on-chain trading through an ATS platform; Column launched bank-native stablecoin infrastructure; Circle launched the Arc mainnet and minted 10 billion ARC tokens; and Deutsche Bank said it plans to roll out crypto custody later this year, pending final regulatory approval.

PANews published a weekly roundup covering a broad set of crypto and adjacent market stories, with a heavy focus on AI, regulation, tokenized equities, onchain distribution and fast-moving token narratives. The selection included first-person accounts from AI engineers who say automation is beginning to replace specialized work, commentary from investor Zhu Xiaohu on where startup moats may survive after AI tools become widely accessible, and a data-driven look at the 630 companies backed by Y Combinator this year. PANews also highlighted financing moves by major Chinese tech firms as they race to fund AI infrastructure. On the policy side, the digest pointed to the U.S. Securities and Exchange Commission’s five-year innovation exemption framework for tokenized NMS stocks, Hong Kong’s new digital asset roadmap, and the failed CLARITY Act vote, which PANews said ended 49-50. Market coverage ranged from Uniswap’s traffic gains tied to Arc and Robinhood Chain, to Arc mainnet’s first-day activity above 1 million transactions, and sharp moves in ARB, ZEC and NEAR. The roundup closed with a list of headline items spanning AI products, central bank policy, tokenized stock trading, security incidents and onchain fund flows.

The CLARITY Act, a market structure bill for digital assets, hit a major procedural setback in the U.S. Senate this week after a cloture vote failed 49-50, well below the 60 votes needed to move toward final passage. The bill is not dead, however. Senator Thom Tillis switched from yes to no at the last minute in what was described as a procedural move that preserves the option to file a motion to reconsider and bring the measure back during the current session of Congress. That narrow opening comes with serious constraints. The Senate is scheduled to recess on Oct. 2 and return only after the midterm elections, while the House is already in election recess. Supporters say bipartisan talks must resume, especially over ethics provisions tied to President Donald Trump, if the bill is to have any chance of advancing before the end of the year. Industry and policy voices cited in the report said the dispute is no longer about whether Congress should regulate crypto, but whether the current text can win enough Democratic support. Even if CLARITY stalls, regulators including the SEC, CFTC and Treasury are expected to keep moving on crypto oversight under existing authority.

Tom Lee, chairman of Ethereum treasury company Bitmine, said in an interview that the crypto market could still extend its gains even if the CLARITY Act does not pass. In his view, real demand in the crypto market matters more than any single piece of legislation. Lee said the bill, if approved, would give the industry a clearer regulatory framework and define the role of the Commodity Futures Trading Commission more clearly. If it does not pass, he said, the Commodity Futures Trading Commission and the Securities and Exchange Commission would still remain the main federal regulators overseeing the sector. Lee pointed to prediction markets and sports betting as examples of sectors that continued to grow despite regulatory uncertainty.

The US Commodity Futures Trading Commission has submitted a new regulatory action on crypto asset transactions and crypto asset markets to the White House review process, according to a filing with the Office of Information and Regulatory Affairs. The item was received on Sept. 17 and is currently listed at the prerule stage, which means it remains in the early phase of rulemaking and has not yet been formally proposed. The filing does not spell out what the regulation would contain. Its timing, however, is notable: it arrived just days after the Senate failed to advance the CLARITY Act, a bill designed to create a federal framework for crypto market oversight. In the wake of that vote, CFTC Chair Michael Selig said the agency was ready to move using existing statutory authority, while SEC Chair Paul Atkins said the securities regulator would proceed with or without new legislation. Both agencies acted the next day. The CFTC issued a no-action position for providers of passive software, and the SEC announced temporary exemptions for certain platforms involved in onchain trading of tokenized securities. Selig had also said in August that the CFTC was prepared to build a crypto asset market regime under current authority if the CLARITY Act failed to move forward.

North Korea- and Iran-linked hackers were behind most of this year’s 420% rise in malware activity on public blockchains, according to Chainalysis, which said state-backed actors made up roughly two-thirds of new activity and tied the previously unattributed UNC5342 cluster to activity on Tron, Aptos and BNB Smart Chain. In a separate report, NBC said North Korea is using remote workers from third countries, including Iran and Lebanon, to pass job interviews before DPRK operatives take over the roles. Elsewhere in Asia, South Korean police referred 18 Polymarket users to prosecutors after identifying 26 users through public blockchain data, with total wagers of about 17.6 billion won, or $12.7 million. CoinEx said it will cease operations after nine years, citing weak trading volumes, lower liquidity in the bear market, and rising regulatory and compliance costs, while withdrawals will remain open until Dec. 22. The roundup also includes India’s tokenized corporate bond pilot with 10.25 billion rupees issued by three companies, Metaplanet’s cut to its Series 10 stock pool, policy developments in Hong Kong, Vietnam and Thailand, and new guidance from Singapore’s High Court on crypto asset valuation.