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Crypto
Clarity Act falls 49-50 as Democrats oppose and Republicans defect; BTC, XRP and SHIB drop
A procedural vote in the U.S. Senate to advance H.R. 3633, the Clarity Act on cryptocurrency market structure, failed 49-50, falling well short of the 60 votes needed. The setback hit major tokens, with bitcoin down about 3.7 percent, XRP down more than 7 percent and shiba inu also weaker. Several Democrats who joined bipartisan talks voted no, and three Republicans also opposed moving forward.
Crypto
U.S. Republicans and Democrats hold last-minute talks on CLARITY Act
The U.S. Congress has entered last-minute negotiations to advance the CLARITY Act, a digital asset market structure bill, ahead of the August recess. Senate Republican and Democratic aides held a series of meetings to narrow remaining differences. Talks focus on how to divide authority among federal regulators. Majority Leader John Thune allowed more time for negotiations. Senator Cynthia Lummis said she remains confident a vote is possible before recess, though opposition persists.
AI & Enterprise
Crusoe in talks to raise $3 billion, valuation seen at $30 billion
Crusoe, a data centre builder, is in talks to raise $3 billion in new funding, Bloomberg News reported on July 2, citing sources familiar with the matter. If the deal is completed, Crusoe’s valuation could reach $30 billion, Bloomberg said, about three times the valuation it received in its previous fundraising last year. Bloomberg did not name potential investors. Nvidia and Salesforce Ventures were among more than 10 participants in an earlier round.
