Bitcoin Braces for Turbulent Week as Jobs Report and Crypto Law Battle Loom

The financial markets are in for a busy week. New inflation figures from the eurozone, US labour market data and signals from the Federal Reserve could set the direction for equities and crypto. At the same time, tension is building in Washington over the CLARITY Act. The crucial vote on this American crypto law is scheduled for 15 September, while the odds of approval, according to the Polymarket data provided, have fallen sharply.

Macro data could fuel fresh volatility

Monday opens the week with a meeting of G20 finance ministers and central bankers. On Tuesday, attention shifts to Europe, where new inflation figures for the eurozone are due.

On Wednesday, the Federal Reserve publishes the Beige Book. This report gathers information on economic conditions across different US regions. Investors will chiefly look for clues on economic growth, labour market developments and price pressures. That information can influence expectations about future interest rate policy.

Broadcom also presents its quarterly results on Wednesday. The company plays a major role in the market for chips and artificial intelligence infrastructure.

Friday could bring the most important macro moment of the week. The United States releases the jobs report and the new unemployment rate. A clear deviation from expectations could quickly shift rate expectations. That could also trigger a strong reaction in Bitcoin and other risky assets.

CLARITY Act approaches decisive moment

Alongside macro data, US crypto regulation remains a key theme. According to the information shared, a cloture vote on the CLARITY Act is scheduled for 15 September.

The House of Representatives approved the bill in July 2025 by 294 votes to 134, with 78 Democrats in favour. In May 2026, the proposal passed the Senate Banking Committee by 15 votes to 9. The process then ran into delays because of political disagreements, including over ethical rules surrounding President Donald Trump’s crypto holdings.

Sixty votes are needed for the procedural vote. According to the Polymarket figures provided, the estimated chance of approval has meanwhile fallen from 82% in February to around 14%.

SEC and CFTC are not waiting for Congress

Even if the CLARITY Act stalls, crypto regulation will not disappear from the agenda. On 18 August, according to the information shared, the SEC is due to present a proposal for Regulation Crypto Assets, a separate framework for crypto offerings.

The CFTC is also continuing to work on rules within its existing powers. The division of responsibilities is a key part of the discussion. Under the proposed model, the CFTC would oversee spot trading of most tokens, while the SEC would remain responsible for token sales that fall under securities law.

September is therefore not only about prices. The coming weeks could also help determine who ultimately writes the main rules for the crypto market in the United States.