Crypto

Bessent says Clarity Act cannot be delayed, urges immediate Senate vote

U.S. Treasury Secretary Scott Bessent urged the Senate to hold an immediate vote on the Clarity Act, a digital asset market structure bill. He said Democrats are delaying for political reasons and warned the United States could lose leadership without clear rules. Bessent defended the bill’s consumer protection and anti-illicit finance provisions and backed a clause codifying Treasury policy on decentralized developers. Negotiations remain stalled over ethics provisions.

Crypto

IBM, University of Chicago complete verifiable quantum computation with 70 logical qubits

IBM and researchers at the University of Chicago said they completed a verifiable quantum computation using 70 logical qubits, a task difficult for classical computers. The team applied a new error-correction approach and finished the calculation in about 15 minutes. The work also offers a way to verify results, a long-standing hurdle in demonstrating quantum advantage. Researchers said the logical error rate fell to about one-tenth of the physical error rate.