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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.

Crypto

Bitcoin in retirement savings should not exceed 5 percent, experts recommend

Experts say bitcoin may be viewed as a long-term investment but should take only a small share of retirement assets because volatility and the risk of losses at withdrawal matter most. Industry sentiment is leaning toward limited allocations rather than making bitcoin a core holding. Some firms suggest 1 to 2 percent or 2 to 5 percent, while advisers recommend keeping crypto below 5 percent. Institutions also tend to invest indirectly via regulated spot ETFs or crypto-related companies.

Crypto

X Money\'s key perk of 6 percent annual interest hit as New York rate drops to 0 percent from October

X Money, a payments service launched by Elon Musk\'s X, will no longer be able to pay interest on stored balances in New York after the state financial regulator set the yield on New York customer accounts at 0.00 percent from Oct. 1. The change removes a benefit X promoted during its U.S. rollout, including a 6 percent annual yield for Premium Plus subscribers, and highlights how state-by-state licensing affects service terms.