According to a report by Fox Business's crypto reporter on the X platform, Eleanor Mueller and Brendan Pedersen stated that a growing number of Senate Democrats who were initially willing to support the Clarity Act are still dissatisfied with the current state of its ethics clauses. Ruben Gallego and Angela Alsobrooks, who previously supported the Senate Banking Committee Republicans' push to remove the bill from the committee in May, have not yet commented; the consensus at that time was to add stricter ethics clauses before a full Senate vote. Jasper Goodman reported that Kirsten Gillibrand is encouraging her colleagues to vote in favor tomorrow, bringing the bill to the full Senate for further debate.

Odaily Planet Daily reports that the Bulgarian National Assembly passed an amendment to the Tax and Social Security Procedures Law on September 9th with 149 votes in favor, 0 against, and 10 abstentions. This amendment will allow the Bulgarian National Tax Service to access detailed information about cryptocurrency users. The bill passed with 240 seats in the parliament. The amendment implements two European Union (EU) directives, requiring cryptocurrency-related businesses to register and report to the Bulgarian National Tax Service users' names, addresses, dates and places of birth, tax residences, and tax numbers, as well as submitting transaction data for various crypto assets, including gross amounts received, transaction volumes, fiat currency transactions, and cryptocurrency exchange details. Privacy advocates criticized the broad scope of data collection, arguing that mandatory disclosure of personal information could pose security risks. Crypto traders and small businesses stated that the registration and reporting requirements will increase compliance costs; supporters of the bill believe it aligns with EU standards and will help curb tax evasion. The directives require EU member states to adopt them by December 31, 2025. (Bitcoin.com News)

According to an article published on the X platform by a Fox Business crypto reporter, Senate Democrats are expected to meet tonight to discuss their strategy for the Clarity Act and coordinate counter-proposals against the text released by Republicans last night, despite Republicans' insistence that the text is their "last, best, and final" version. The bill will face its first major test in the Senate in less than 24 hours.

In the past hour, total liquidations across the network reached $13.97 million, with $12.33 million from long positions, with $1.64 million from short positions. BTC liquidation $1.90 million, ETH liquidation $8.66 million.

In the past hour, total liquidations across the network reached $102.21 million, with $3.32 million from long positions, with $98.89 million from short positions. BTC liquidation $20.34 million, ETH liquidation $69.75 million.