Crypto

U.S. Clarity Act may be last real chance this year; failure could push it to 2030

The U.S. Senate is moving to take up the Clarity Act, a cryptocurrency market-structure bill, but analysts warn failure to pass it this year could increase the chances it is redesigned in the new Congress in 2027 or effectively scrapped. A cloture vote is set for Sept. 15 and will require 60 votes, including some Democratic support. Lawmakers face a shrinking legislative calendar and uncertainty over control after November midterm elections.

Retail & Consumer

Musinsa Beauty opens 1,320-sqm standalone store in Hongdae with 870 brands

Musinsa Beauty is launching a new offline experiment by working with a pharmacy. The company said on Wednesday it will open its first standalone offline store, “Musinsa Beauty Hongdae,” in Seoul’s Hongdae district on Sept. 11. The four-storey shop spans about 1,322 square metres and carries about 12,000 products from 870 brands. It includes a K-beauty-focused pharmacy and areas highlighting indie and niche brands.