However, two things mean today isn't over yet. First, a procedural maneuver in the Senate technically keeps this bill alive. Second, the FOMC decision will only be announced around 1:00 AM WIB tonight, so the second catalyst of the week is still ahead of us, not behind.
Key Points
- The CLARITY Act failed with 49 votes in favor and 50 against, far short of the 60 votes required. Seven Democrats who had been involved in negotiations, including Kirsten Gillibrand and Mark Warner, ultimately voted against it.
- Senator Thom Tillis changed his vote to against and then filed a motion to reconsider, a procedural maneuver that opens the door for a second cloture vote within two days. Tillis stated this is not the end for the CLARITY Act, although a Republican Senate staffer claimed the bill is dead.
- XRP is at US$1.29 (Rp22,818), down 9.4% in 24 hours, the steepest decline among major assets and a complete reversal of yesterday's 5.6% gain.
- Bitcoin is at US$75,729.55 (Rp1,339,513,907), down 2.9% in 24 hours and 3.7% over the week, with trading volume nearly doubling to US$39.74 billion.
- Ethereum is at US$2,407.57 (Rp42,585,404), down 5.4% in 24 hours, even though spot ETF inflows remained positive last week.
- The FOMC decision will be announced at 2:00 PM New York time, around 1:00 AM WIB tonight, accompanied by the dot plot and a press conference. The current interest rate target is 3.50% to 3.75%.
- Three assets on Mobee worth watching today, namely MemeCore (M) which actually rose 1.2%, Tether Gold (XAUT) which rose 0.3% while all crypto assets were down, and Hyperliquid (HYPE) which fell 5.1% due to its own news catalyst.
- All assets discussed have been checked one by one and confirmed to be available for trading on Mobee before this article was published.
CLARITY Act: Failed, but Not Officially Dead
The cloture vote was held around 2:15 AM WIB earlier today, resulting in 49 in favor and 50 against. To pass, the bill needed 60 votes, while the Republican Party only holds 53 seats. This means at least seven Democratic votes were required, and that did not happen.
Who voted against it. Seven Democratic senators who had been actively negotiating the bill's text over the past few weeks—Kirsten Gillibrand, Mark Warner, Cory Booker, Raphael Warnock, Ruben Gallego, Angela Alsobrooks, and Catherine Cortez Masto—ultimately voted against it. This is a significant note, as this group was the basis for market optimism yesterday after President Trump agreed to the ethics provisions they had been demanding. The concession was granted, but they still withheld their votes.
Why the story isn't over yet. Republican Senator Thom Tillis changed his vote to "no" and then filed a motion to reconsider. This is a tactical move rather than a rejection of the substance: only a senator on the winning side of a vote is permitted to request a reconsideration. By doing this, Tillis has opened the door for a second cloture vote in about two days. He stated briefly that this is not the end for the CLARITY Act.
What needs to be highlighted. Procedural room is not the same as additional votes. A second vote still requires 60 votes from the exact same Senate composition, and the seven Democrats who voted against it have shown no signs of changing their stance. A Republican Senate staffer even told the media that the bill is dead. Therefore, the motion to reconsider is best viewed as a technically alive opportunity, rather than an indication that the outcome will be different.
Why this matters for crypto asset holders. The CLARITY Act is a bill that would divide digital asset oversight authority in the United States between the SEC and the CFTC, with the largest portion going to the CFTC, and provide legal clarity for many major altcoins that currently remain in a gray area. Its failure does not change the rules currently in effect, but it delays that clarity until at least the next legislative session. For readers in Indonesia, keep in mind that the legal status of crypto assets here is regulated separately and does not depend on this bill. The framework can be read at crypto legality and crypto exchanges supervised by OJK.
XRP: Up on the News, Down on the Same News
XRP is trading at US$1.29 (Rp22,818), down 9.4% over the last 24 hours. Over the past week, XRP is down 9.2%, although it still records a 29.6% gain over the last 30 days. Its market capitalization is approximately US$80.98 billion (ranked #5) with a 24-hour trading volume of US$5.77 billion. Its 24-hour trading range is wide, from US$1.27 to US$1.46, indicating that the decline was sharp and occurred in a short period. XRP is currently about 64.7% below its all-time high of US$3.65 on July 17, 2025.
Why it fell the hardest. Because XRP was also the one that rose the most yesterday. The 5.6% gain on September 15 was driven entirely by one piece of news: the increase in the probability of the CLARITY Act passing from 25% to over 30%. When the voting results came out and that probability dropped to zero for the time being, the positions built up in that single day were liquidated. Compared to the closing price in yesterday's article of US$1.42, XRP is now 9.2% lower.
The takeaway. This is a clear example of an asset moving based on a single event. A 5.6% gain in one day feels great, but the risk is inherent in the rise itself: if the trigger is a single event with two possible outcomes, the decline can be just as fast as the rise. The trading volume, which surged threefold yesterday to US$4.31 billion and remains high today at US$5.77 billion, indicates that most of the money that entered yesterday has already exited today.
Available on Mobee (XRP/IDR, checked and confirmed available).
Bitcoin: A Milder Decline, with the FOMC Still Ahead
Bitcoin is trading at $75,729.55 (Rp1,339,513,907), down 2.9% over the last 24 hours. Over the past week, BTC has fallen 3.7%, though it remains up 20.3% over the last 30 days. Its market capitalization is approximately $1.52 trillion with a 24-hour trading volume of $39.74 billion, nearly double yesterday's $20.06 billion. Its 24-hour range is between $75,038.12 and $78,038.20. Bitcoin is currently about 39.9% below its all-time high of $126,080 on October 6, 2025.
Why the decline is more controlled. A 2.9% drop is certainly not insignificant, but compare it to XRP, which is down 9.4%, Solana at 7.5%, and Ethereum at 5.4%. This pattern is consistent with the underlying reason: the CLARITY Act has the most impact on altcoins whose legal status in the United States remains unclear, whereas Bitcoin's classification as a commodity is relatively undisputed. Bitcoin is still declining due to overall market sentiment, not because its status has changed.
Looking ahead, not behind. The FOMC meeting concludes today, with the decision to be announced at 2:00 PM New York time, or around 1:00 AM WIB tonight, followed by a press conference at 2:30 PM New York time. The current federal funds rate target is 3.50% to 3.75%, and futures markets are pricing in a high probability of a 25-basis-point hike to 3.75% to 4.00%. This meeting will also release the dot plot—the interest rate projections of individual members—which often moves the market more than the decision itself. How this policy works is discussed in the primary functions of a central bank.
Key takeaways. A near-doubling of volume on a down day is usually not a sign of accumulation, but rather a sign of many positions changing hands. Therefore, Bitcoin's current level cannot yet be considered a settled position, and there is still one major catalyst to come later tonight.
Ethereum: A Deeper Decline Than Bitcoin
Ethereum is at $2,407.57 (Rp42,585,404), down 5.4% in 24 hours and 3.0% over the week, though it still records a 28.1% gain over the last 30 days. Its market capitalization is approximately $293.74 billion with a 24-hour trading volume of $20.67 billion, nearly double compared to yesterday. Its 24-hour range is between $2,361.16 and $2,607.56. Ethereum is currently about 51.3% below its all-time high of $4,946.05 on August 24, 2025.
Why did ETH drop nearly twice as much as BTC? Ethereum sits in a middle ground regarding regulatory clarity. Its status isn't as secure as Bitcoin's, but it isn't as exposed to classification risks as XRP. A 5.4% decline places it right in the middle of today's trend.
What to keep an eye on. Throughout the week of September 9 to 13, spot Ethereum ETFs still recorded net inflows nearing US$200 million—the fourth consecutive week—while Bitcoin ETFs saw US$460 million in outflows. That data is from the week before the vote, so it doesn't answer today's question: whether that four-week divergence will hold after the failure of the CLARITY Act, or if it will reverse. The answer will only be clear from this week's fund flow data, which comes out at the end of the week.
Solana: Back Below US$100
Solana is trading at US$96.73 (Rp1,710,973), down 7.5% in 24 hours and 5.3% over the week, though it is still up 30.4% over the last 30 days. Its market capitalization is approximately US$56.78 billion (ranked #7) with a 24-hour trading volume of US$3.85 billion. Its 24-hour range is from US$96.07 to US$104.73. SOL is currently about 67.0% below its all-time high of US$293.31 on January 19, 2025.
What has changed. Yesterday, this article noted that SOL's position above US$100 had not proven stable because that day's 3.2% gain lacked a specific catalyst for Solana, merely following regulatory sentiment. Today, that risk materialized. SOL dropped 7.5% and fell back below US$100, without any specific bad news regarding its network.
Key takeaway. Assets that rise due to sector sentiment also fall due to sector sentiment. This is not a judgment on Solana's technology, but rather an observation on the reasons behind its price movement over the last two days. How to separate sector movements from asset-specific movements is discussed in how to analyze crypto.
Three Assets on Mobee Moving Differently Today
On a day when almost all assets are down, what's interesting isn't who gained the most, as there are practically none. What's interesting are the assets that didn't follow the pattern. The three below were chosen for that reason, and all three are confirmed to be available on Mobee.
MemeCore (M): The Only One in the Green
MemeCore is trading at US$1.11 (Rp19,634), up 1.2% in 24 hours. Over the week, M is still down 7.7%, with a 30-day gain of only 3.0%. Its market capitalization is approximately US$2.52 billion (ranked #40) with a 24-hour trading volume of US$2.46 million. Its 24-hour range is narrow, from US$1.09 to US$1.14. M is currently about 80.4% below its all-time high of US$5.64 on July 2, 2026.
Why is it green? News searches reveal no new catalysts for MemeCore today. The most plausible explanation lies in the volume figures: US$2.46 million in 24 hours for an asset with a US$2.52 billion market cap is extremely thin. A 1.2% price increase in a red market, with such low volume, is better interpreted as a lack of selling pressure rather than the presence of new demand.
The key takeaway, and this is important. There is an unusual concentration of ownership in M. On August 19, 2026, the public company ZeroStack acquired approximately 925.9 million M tokens worth about US$1 billion through a stock swap, and those tokens account for about 96.5% of the company's total crypto holdings. This means nearly one billion M tokens are held by a single entity. This is a double-edged sword: as long as those tokens are not sold, the effective circulating supply is reduced, but if a holder of that size decides to sell into a market with only US$2.46 million in daily volume, the impact on the price will be far greater than it would be for an asset with normal liquidity. Some analysts have also questioned the structure, as the deal was announced and completed on the same day, leaving the market no time to react.
Tether Gold (XAUT): A Hedge That Is Working Today
Tether Gold is trading at US$4,287.73 (Rp75,841,913), up 0.3% in 24 hours. Over the past week, XAUT is down 2.5%, with a 30-day gain of 1.5%. Its market cap is approximately US$2.67 billion (ranked #38) with a 24-hour trading volume of US$175.96 million. XAUT is currently about 22.1% below its all-time high of US$5,504.62 on January 28, 2026.
Why it is worth noting. The 0.3% figure sounds small, but compare it to today: Bitcoin is down 2.9%, Ethereum 5.4%, Solana 7.5%, and XRP 9.4%. Measured in Bitcoin, XAUT is actually up 1.4% today, and measured in Ethereum, it is up 1.2%. One XAUT is now equivalent to approximately 0.0566 BTC. This is the function promised by such assets: not to provide massive gains, but to avoid falling when everything else does.
The key takeaway. XAUT is not a risk-free asset. Its price is still down 2.5% over the week, and it remains 22.1% below its January record, so gold can also weaken during certain periods. What XAUT offers is a different correlation to crypto, not a guarantee of value. How it works, including the storage of the physical gold reserves backing it, is discussed in how XAUT works.
Hyperliquid (HYPE): Falling on Its Own News
Hyperliquid is trading at US$76.75 (Rp1,357,564), down 5.1% in 24 hours and 8.3% over the week, though it is still up 33.8% over 30 days. Its market cap is approximately US$17.07 billion (ranked #11) with a 24-hour trading volume of US$865.36 million. Its 24-hour range is from US$75.27 to US$80.85. HYPE is currently about 14.3% below its all-time high of US$89.60 on September 6, 2026, ten days ago.
Why it is falling. Unlike other assets today, HYPE has its own negative catalyst outside of the CLARITY Act. The US Department of Justice has charged two former Robinhood engineers, Hefu Chai (36) and Huaisong Xiang (30), for allegedly using confidential information about Robinhood's crypto listing plans to trade perpetual futures contracts on Hyperliquid before public announcements. Each is alleged to have profited more than US$50,000 from trades between 2025 and 2026. The charges include one count of violating the Commodity Exchange Act, which carries a maximum sentence of 10 years, and one count of wire fraud, which carries a maximum sentence of 20 years.
What needs to be read carefully. The individuals charged are two specific people, not Hyperliquid as a protocol, and Hyperliquid itself is not accused of any wrongdoing. This case actually reveals something about the product: derivative trading on decentralized exchanges can be traced back to individual transaction patterns. Even so, the price reaction remains reasonable, as this case highlights how perpetual futures products are used, which increases the risk of regulatory scrutiny for a protocol that is currently seeking full operating licenses in the United States. The basic concept of this product is discussed in crypto derivatives.
What is still on the calendar. The next HYPE token unlock is scheduled for September 29, involving approximately 1.4% of the total supply. For context: HYPE fell 7% after the July unlock and 14.1% after the May unlock. With the price now 14.3% below its ATH following today's decline, the gap to its record high is wider than the 9.4% seen yesterday.
Agenda to Watch
- Early tomorrow morning around 1:00 AM WIB: FOMC decision, dot plot, and press conference. The current interest rate target is 3.50% to 3.75%. Since a 25-basis-point hike has long been priced in by the market, the dot plot and the tone of the press conference regarding the future direction of policy are more likely to drive price action.
- Over the next two days: potential second cloture vote on the CLARITY Act. This window was opened by a motion to reconsider from Senator Tillis. The threshold remains at 60 votes with the same Senate composition, so the odds are not automatically better. If the second vote is not held or fails again, the bill is effectively dead for 2026.
Notes from Today's Market Movement
Four key takeaways.
First, the order of today's decline is no coincidence. XRP fell the hardest, followed by Solana, Ethereum, and Bitcoin with the smallest drop. That order roughly aligns with how much an asset needs legal classification clarity in the United States. This is useful to understand moving forward, because if a second vote is held, the order of the rally will likely follow the same pattern.
Second, assets that rise on a single event also fall on that same event. XRP rose 5.6% yesterday and then fell 9.4% today, leaving it net lower than it was two days ago. Entering a position after news breaks means taking on the risk of an unknown outcome, rather than enjoying a guaranteed result.
Third, hedging doesn't feel useful until a day like this arrives. XAUT only rose 0.3%, a figure not worth discussing on a normal day. On a day when XRP drops 9.4%, the difference becomes nearly 10 percentage points. The benefits of diversification are always apparent in hindsight, not beforehand, which is why the decision must be made early.
Fourth, this week is not over yet. One catalyst has passed with a negative result, but the FOMC decision isn't until early tomorrow morning, and the second voting window remains open for the next two days. In conditions like these, smaller position sizes are usually more sensible than adding to positions just because the price has dropped. A more structured allocation framework is discussed in crypto portfolio for beginners, and since the FOMC decision comes out while most people are asleep, price alerts can be set at levels you consider important.
Start Investing in Crypto on Mobee
All assets discussed in this article, namely Bitcoin, Ethereum, XRP, Solana, MemeCore, Tether Gold, and Hyperliquid, you can buy directly with Rupiah on Mobee without needing to convert to dollars first.
Mobee is a Digital Financial Asset Trader registered and supervised by the OJK, under the legal entity PT CTXG Indonesia Berkarya. Here are a few things you can take advantage of on a day like this:
- Buy in small fractions. You don't need a large amount of capital to start, and on a day with a major catalyst still ahead, smaller position sizes actually make more sense.
- Spot Grid for volatile markets. The Spot Grid feature allows for automatic buy and sell orders within a price range you set yourself, which is useful when major movements occur in the early hours.
- Practical Rupiah deposits. You can use QRIS, bank transfers, or virtual accounts, with guides available at Mobee Tutorials.
Before you start, it's a good idea to understand how to store assets securely and some basic crypto trading tips , especially ahead of interest rate decisions.
Disclaimer. All information in this article is for informational purposes only and does not constitute investment advice. Assessments of any asset, including catalysts and their sustainability, are editorial analyses based on data available as of September 16, 2026, and are not price predictions. This article was prepared before the FOMC decision was announced, so the outcome was unknown at the time of publication. Crypto asset prices can change rapidly, even within minutes, and all price data is point-in-time as of the article's drafting. Always conduct your own research and consider your risk tolerance before making any investment decisions.
