Rate hike + After the CLARITY Act stalls, the market expects the SEC to roll out a major crypto positive as early as Friday.

BlockBeats news, September 17: Last night, the Federal Reserve's interest rate hike finally landed, compounded by the previous obstruction of the CLARITY Act in Congress, the crypto market faced two major bearish factors within two days. However, the crypto market unexpectedly held firm. Last night and this morning, instead of falling, the crypto market rose, staging a small rebound led by Bitcoin and ZEC.

The reason is that the above two bearish factors were highly anticipated by the market before they materialized, and coin prices reflected them in advance, which is the main reason the crypto market remains strong.

In addition, after the CLARITY Act was obstructed, the crypto community began to expect the SEC to introduce major pro-crypto policies. Among them, Bernstein analysts said that after the CLARITY Act failed to pass a Senate procedural vote, it is expected that the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will "actively and swiftly" advance digital asset rulemaking to make up for the time consumed by previous bill negotiations.

Coincidentally, well-known crypto podcast host Andy (@andyyy) has continued to predict this week that the SEC's crypto innovation exemption measures are expected to be introduced this Friday or early next week.