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Crypto

White House says ethics provisions are sufficient, Democrats say still not enough as CLARITY Act dispute continues

The U.S. Senate\'s CLARITY crypto market-structure bill has hit renewed hurdles as Republicans and Democrats remain divided over ethics provisions. Republicans unveiled revisions barring senior officials from issuing or sponsoring digital assets and requiring disclosures for sales above $1,000. Democrats said safeguards on ethics, illicit finance and conflicts of interest remain insufficient. The White House said differences have narrowed, but votes remain uncertain ahead of the August recess.

Crypto

BitMEX to wind down operations after 11 years; Zhao says \'sad\'

Cryptocurrency exchange BitMEX will cease operations on Sept. 23 local time. Operator HDR Global Trading decided to permanently close the exchange after reviewing its business strategy and broader crypto market conditions. New sign-ups have been halted, and limits on new positions will begin on Aug. 26. Unclosed positions will be liquidated at shutdown. BitMEX said it is not responsible for losses from failure to close positions by deadlines.

AI & Enterprise

Getty Images drops plan to merge with Shutterstock

Getty Images has withdrawn its $3.7 billion merger plan with Shutterstock after UK competition regulators demanded the sale of Shutterstock’s global editorial business as a condition for approval. Getty’s board decided not to accept the divestment requirement and voted unanimously to terminate the merger agreement, according to a filing with the U.S. Securities and Exchange Commission. The deal was announced in January 2025 and would have created Getty Images Holdings.