Search results for John Kennedy
Crypto
U.S. Senate cools to crypto pitch on cost of living relief
At a U.S. Senate hearing, the digital asset industry presented cryptocurrencies as a way to ease Americans’ cost-of-living pressures, but lawmakers were largely cool. Senator John Kennedy said testimony from Digital Chamber CEO Cody Carbon sounded closer to promoting crypto. Few senators asked questions about digital assets. The industry also urged Senate action on the market-structure CLARITY Act, though added ethics provisions and regulatory jurisdiction disputes could complicate passage.
AI & Enterprise
U.S. government weighs stakes in AI companies as \'AI sovereign wealth fund\' plan emerges
U.S. President Donald Trump is receptive to the idea of the government holding stakes in major artificial intelligence companies, Vice President JD Vance said. Vance said Trump views it as a type of sovereign wealth fund and argued taxes alone may not spread AI-created wealth to workers. The debate aligns with a proposal by Senator Bernie Sanderson. Elon Musk and Mark Cuban voiced skepticism. Officials have discussed possible structures, but policy remains at an early review stage.
Crypto
U.S. CLARITY Act nears Senate Banking Committee approval after Kennedy backs bill
The U.S. Senate’s crypto market-structure bill, the CLARITY Act, is nearing passage in the Senate Banking Committee after Senator John Kennedy, the last undecided Republican vote, decided to support it. The committee has 13 Republicans and 11 Democrats, and unanimous Republican backing has been seen as key. Republicans agreed after changes including a fiduciary duty provision for crypto industry participants and packaging with parts of the Build Now housing bill.
