The US Senate's return to session this week promises to bring significant changes to the country's cryptocurrency landscape. The Clarity Act, a bill that aims to provide clarity on the treatment of digital assets in bankruptcy proceedings, is set to resume negotiations.
As the Senate debates the Clarity Act, key economic indicators will be closely watched by investors. On April 14, the US Producer Price Index (PPI) MoM for March will be released, providing insight into inflationary pressures. The following day, China's GDP Growth Rate YoY for Q1 will be announced, giving investors a glimpse into the country's economic performance.
Bank earnings will also be in focus this week, with Goldman Sachs, JPMorgan, and BlackRock set to report their quarterly results. These earnings reports may provide hints on how institutional appetite is evolving and how their crypto-linked ventures are faring.