US senators push the Clarity Act into the review process, stablecoin yield clauses may become clearer
According to ChainCatcher, crypto journalist Eleanor Terrett posted on X stating that U.S. Senator Thom Tillis plans to push the Clarity Act to enter the markup stage of the Senate Banking Committee as soon as possible. She also noted that "a great deal of consensus has been reached" on the legislative progress, and that it is time to move forward with formal procedures.
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US October ISM Manufacturing Index Expands Beyond Expectations, Output Growth Hits Strongest Level in Nearly Five Years
The Manufacturing Purchasing Managers' Index (PMI) released by the Institute for Supply Management (ISM) in the United States rose by 1 point in October to reach 55.5, marking the second highest reading in more than four years and exceeding the market expectation of 54.7. The production index recorded its best performance since the end of 2021, while the new orders index, a key indicator of demand, also reached its highest level since July.
