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Crypto

Clarity bill seen 15 percent likely to pass this year as even Republicans say it is not easy

Prospects for the U.S. “Clarity” crypto bill are dimming, with some Republican senators warning it may lack the support needed to advance next week. Negotiations over strengthened ethics provisions sought by Democrats have shown little progress. Lawmakers from both parties say the ethics dispute remains unresolved despite ethics language in the latest Senate draft. The Senate has scheduled a procedural vote for Sept. 15. The bill’s chance of becoming law this year is put at about 15 percent.

Industry

Plug-in solar takes off in U.S., turning apartment balconies into power plants

Small plug-in solar systems that connect to a household power outlet are being legalised across the United States, lowering barriers for residential solar adoption. The system links a small panel with a microinverter to supply power at home and can add a battery for nighttime use or emergency backup during outages. Compared with rooftop solar, plug-in products cost far less and can be installed by consumers. Several states have set rules, while bills in California and New York await signatures.

Industry

LG Electronics builds smart hotels with Marriott

LG Electronics has formed a strategic partnership with Marriott International to jointly develop hotel TVs and a cloud-based platform integrating in-room content and services, it said on Tuesday. The companies recently signed an MOU at Marriott\'s headquarters in Bethesda, Maryland, to enhance in-room entertainment and technology platforms. The new platform will first be applied to 40 Marriott hotels in the United States and Canada, and later expanded across Marriott\'s global brands.