Crypto events to follow in September. It's back to school also for the crypto industry. Many major events are expected for this month of September, starting with the Merge Ethereum.
September 5: response to Joe Biden's executive order on cryptocurrencies
Last March, Joe Biden asked three institutions to respond to the issues related to central bank digital currencies (MNBC) and the crypto sector in general. The American president had instructed the American Treasury, the Office of Science and Technology Policy and the Department of Justice for their contributions to these digital currencies but also to crypto-currencies in general.
Each institution has a specific angle and area of research. The Department of Justice is in charge of regulatory aspects, particularly in terms of the fight against criminal activities and fraud. The US Treasury deals with the interweaving of these assets with Fed policy.
The Office of Science and Technology, it is responsible for considering the more technical aspects concerning the issuance of an MNBC. It also leads to a reflection on the role of crypto-currencies in environmental matters.
These three institutions have until September 5 to submit the results of their work to the American Head of State and his administration. In addition to these three institutions, there is also the Department of Commerce, which must address the competitiveness of the United States in the field of cryptocurrencies.
For the time being, it will only be a question of the reception of this work by the American executive. Thus, it will surely be necessary to wait sometime before seeing what Joe Biden and his administration will decide. Nevertheless, these reports will allow us to see things more clearly and to observe the first lines of thought of the various American institutions.
September 13: Consumer Price Index
It is on September 13 that the consumer price index will be published in the United States. This indicator, similar to the INSEE price index in France, measures the variation in consumer prices. It is therefore the barometer of inflation and remains one of the indicators most followed by the markets. If inflation is still high or even higher than expected, the crypto market could unscrew again.
As a reminder, inflation was 8.5% in August, down slightly from 9.1% in June.
September 15: Ethereum Merge
September 15 is D - Day for Merge Ethereum. Ethereum's transition from a proof of work consensus mechanism to proof of stake is surely the most anticipated event of the year in the crypto ecosystem. After a very long wait, it will allow Ethereum to gain scalability and put an end to mining on the second largest market capitalization. The tests on the various testnets went well and everyone seems quite confident.
The various players in the ecosystem such as Binance, and OpenSea have already taken measures to anticipate this major event.
September 20: FOMC meeting
The Federal Open Market Committee designates an organ of the American Federal Reserve, the famous FED in charge of establishing the country's monetary policy. This September 20 will therefore take place at the next meeting of this central body in the monetary policy of the United States. In particular, it will inform citizens and investors about the new rise in interest rates.
An increase of at least 50 basis points is expected but some experts are already counting on 75 basis points. The FED no longer has any choice but to curb galloping inflation by all means, including if this leads to a recession.
September 26: Cosmoverse Conference in Medellin
On September 26, the Cosmoverse conference will take place in Medellin, Colombia. This is the high mass dedicated to the Cosmos project, one of the most promising in the crypto ecosystem. Many prestigious speakers such as Ethan Buchman, the co-founder of Cosmos, and Sunny Aggarwal, the co-founder of Osmosis Labs will be present. The opportunity to take stock of the development of Cosmos and its abundant ecosystem.
It is therefore a month of September rich in events that await us. Markets are eagerly awaiting economic indicators. In the event of wrong numbers, this could plunge the crypto sector into further doubt. The Merge is undoubtedly the highlight of this season. All eyes are on Ethereum and the project teams have no room for error!
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