Important Developments for Global Markets Begin

Global finance and cryptocurrency markets are entering an important week. The most notable event of the week will be related to the cryptocurrency legislation, the Clarity Act. In the Senate vote scheduled for tomorrow, if the bill receives 60 votes in favor, it will accelerate the process. A failure to achieve 60 votes will not mean the complete rejection of the law, but it will prolong the process. Republicans have shared a new draft text. Wyoming Senator Cynthia Lummis stated that the changes requested by the Democrats have been added and that Trump has accepted the ethical provisions. On Wednesday at 21:00 TRT, the Fed's new interest rate decision will be announced. Market expectations have reached 87%. The Bank of Japan will hold its first meeting on Friday following the interest rate decision announced in July. A 25 basis point increase is expected, which would raise the interest rate to 1.25%.

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