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Just News ❗️ US Senate did not pass the Clarity Act in the procedural cloture vote @just 📄
📢 Coinbase CEO Brian Armstrong said the Senate's failure to advance the Clarity Act is a "disappointment" but believes regulatory clarity will still come to crypto.
He stated that both the SEC and CFTC have the necessary tools to establish clearer rules for the industry.
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He stated that both the SEC and CFTC have the necessary tools to establish clearer rules for the industry.
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📢 Senate Republicans released a final draft of the Clarity Act ahead of Tuesday's cloture vote
The draft includes 126 changes requested by Democrats, new ethics provisions mirroring the Tillis-Gallego proposal, a role for state attorneys general in conflict-of-interest enforcement, and expanded Treasury authority to set a "circuit breaker" on stablecoin yield if significant deposit flight from community banks occurs.
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The draft includes 126 changes requested by Democrats, new ethics provisions mirroring the Tillis-Gallego proposal, a role for state attorneys general in conflict-of-interest enforcement, and expanded Treasury authority to set a "circuit breaker" on stablecoin yield if significant deposit flight from community banks occurs.
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Post #6346
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📢 Anthropic CEO Dario Amodei called for slowing the development of advanced AI models, with OpenAI’s Sam Altman and xAI’s Elon Musk supporting the proposal
Investors note that while AI stocks may face near-term selling, sustained demand for chips and computing infrastructure means the long-term AI outlook remains strong.
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Investors note that while AI stocks may face near-term selling, sustained demand for chips and computing infrastructure means the long-term AI outlook remains strong.
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