Crypto Vote Gains Momentum in Congress

According to recent reports, Republican lawmakers are eager to advance pro-crypto legislation without delay. The upcoming vote is expected to center around a combined proposal featuring stablecoin policy and the CLARITY Act, which aims to establish a clearer regulatory framework for the crypto market.

Earlier this month, discussions emerged around the possibility of merging the two bills to ensure legislative momentum isn’t lost. Lawmakers appear to be taking advantage of the current window of opportunity to push reforms that could reshape the future of digital finance in the U.S.

How Will Crypto Voting Be Conducted?

While the details of how these two proposals might be combined remain unclear, industry observers are watching closely. It’s also still uncertain whether they will be voted on together or separately.

According to journalist Brendan Pedersen from Punchbowl News, House Majority Whip Tom Emmer has indicated that a vote will proceed if the GENIUS Act (a stablecoin bill previously passed by the Senate) is joined with the broader market structure reforms under the CLARITY Act.

Market Structure Reform: A New Era for U.S. Crypto Regulation

Back in June, the House committees approved the market structure bill, signaling a strong interest in revamping how the cryptocurrency sector is supervised. This legislation could redefine the roles of key regulators like the SEC and CFTC, bringing much-needed clarity to their jurisdiction over digital assets.

However, a final vote date has yet to be confirmed, and political or procedural developments could still cause delays.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Major Crypto Vote Expected in the U.S. House This Week appeared first on Coin Engineer.

In particular, developments such as the U.S. House of Representatives‘ vote on the Genius Act and China’s additional tariffs on U.S. products could impact the markets. Additionally, critical decisions on Solana ETFs and the U.S. Annual Inflation Rate announcement will be key focal points for investors.

U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data could shape inflation expectations, potentially increasing volatility in the market. Fed Chair Jerome Powell’s statements may clarify uncertainties about interest rates, directly affecting both traditional financial markets and the crypto markets.

What to Expect This Week and Potential Impacts on Crypto Markets

We’ve compiled the important developments happening this week. Changes in the global economy and crypto markets could present both opportunities and risks for investors. Here are the key events of the week and their potential impacts on the markets.

March 10, Monday: Genius Act, Tariffs, Binance Delist

• The U.S. House of Representatives will vote on the Genius Act, which is a stablecoin regulation proposal.
  The vote could bring regulations to the stablecoin market and lead to volatility in the crypto markets.
• China will apply additional tariffs on some goods imported from the U.S.
  The additional tariffs could escalate trade tensions, triggering uncertainty in the markets.
• Binance will delist $ERN and relist it as $EPIC.
  The delisting and rebranding of $ERN could cause volatility in the token.

March 11, Tuesday: Solana ETF, Horizen Network Upgrade

• The second final decision date for Solana ETFs by Vaneck, 21Shares, Canary, and Bitwise.
  Approved ETFs could increase institutional investor interest in Solana.
• Horizen network upgrade will take place. $ZEN
  A successful upgrade could lead to an increase in the value of the ZEN token.

March 12, Wednesday: U.S. CPI, SushiSwap

• The U.S. Annual Inflation Rate (CPI) will be released. (Expectation: 2.9%, Previous: 3%)
  An inflation rate higher than expectations could strengthen the anticipation of rate hikes and affect the markets.
• SushiSwap will execute its mainnet upgrade.
  The upgrade could lead to an increase in the value of the $SUSHI token.

March 13, Thursday: U.S. PPI

• The U.S. Annual Producer Price Index (PPI) will be released. (Previous: 3.5%)
  The PPI data could increase inflationary pressures and add to the uncertainty in the markets.

March 14, Friday, Temporary Spending Bill

• The Temporary Spending Bill approved under Biden’s administration will expire.
  A budget crisis could negatively affect risk appetite in the markets.

This week, economic data and developments in the crypto market, especially inflation figures and key network upgrades, could lead to market fluctuations. Investors should closely monitor the impact of these events and adjust their strategies accordingly.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What to Expect in Crypto and Global Markets This Week appeared first on Coin Engineer.