Search results for John Kennedy
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
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.
