Bitcoin Holds Near $77K as Senate Votes on CLARITY Act Today

Bitcoin traded near $77,000 on Monday morning as the broader crypto market added 3% to reach a $2.77 trillion total capitalization, with macro headwinds front and center. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks stoked a global bond sell-off, pushing the U.S. 10-year Treasury yield to 4.784% and lifting the probability of a 25-basis-point rate hike at tomorrow's Federal Reserve meeting to 66%. Higher rates historically weigh on risk assets, keeping Bitcoin bulls cautious despite the recent three-week stretch of September gains.

Also shaping sentiment today is a pivotal legislative moment on Capitol Hill. September 15 marks a procedural test in the U.S. Senate for the CLARITY Act, the market-structure bill that would draw clearer lines between crypto securities and commodities. A successful cloture vote would keep the legislation alive and moving; a failure could substantially reduce its odds of advancing before the end of 2026. Analysts say clear definitions would simplify ETF product development, reduce legal uncertainty around altcoin funds, and give institutions the compliance framework they need to make meaningful allocations.

Canary Capital Launches First U.S. Spot Staked TRX ETF

On the product front, Canary Capital made headlines Sunday by launching the first U.S. spot staked TRX ETF, ticker TRXS, marking a new chapter in the rapid expansion of crypto exchange-traded products. The launch arrives as Bloomberg Intelligence analyst James Seyffart noted that at least 126 additional crypto ETP filings are still pending with regulators, with issuers aggressively pushing new products into the pipeline.

The altcoin ETF space more broadly has seen quick growth in 2026. Combined XRP ETF assets entered September near $1.5 billion, with one major fund already surpassing $500 million on its own, suggesting that institutional-style access to smaller digital assets is developing faster than many expected. Bitwise has projected that U.S.-listed ETFs could absorb more than 100% of new Bitcoin, Ether, and Solana issuance by year-end, framing regulated fund vehicles as a structural demand engine rather than a speculative on-ramp. With the CLARITY Act vote, a Fed decision, and ETF flows all converging this week, the next several days may prove defining for the rest of 2026.