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Fintech

KB Kookmin Bank nominates AI expert Professor Jung Yoon-kyung as outside director

KB Kookmin Bank nominated Jung Yoon-kyung (정윤경), a professor at Sungkyunkwan University, as a new outside director candidate to strengthen expertise in artificial intelligence and digital fields. The nomination follows the resignation of former outside director Moon Soo-bok. The bank said its outside director nomination committee selected Jung after multiple meetings and screening procedures. Jung is expected to be formally appointed after approval at an extraordinary shareholders meeting on July 23.

Crypto

US Clarity Act faces four-week test as prediction market sees 32 percent chance of passage by end-2026

Expectations and uncertainty are rising over the U.S. crypto market structure bill known as the Clarity Act. Former House Financial Services Committee chairman Patrick McHenry called it the most important technology legislation since the 1996 Telecommunications Act, but prediction markets put the chance of enactment by Dec. 31, 2026 at 32 percent. A key variable is an ethics provision limiting crypto-related profits by senior officials, amid Democratic demands to strengthen it and a tight Senate timetable.

Crypto

Made in USA adopts XRPL for supply chain verification infrastructure

Made in USA Inc., a U.S. supply-chain certification company, has integrated the XRP Ledger into its core technology infrastructure, positioning it as a base technology for supply-chain verification and product authentication in the United States. The company disclosed the integration in a Form 8-K filed with the U.S. Securities and Exchange Commission related to an acquisition of intellectual property and technology assets in an all-stock transaction valued at $25 million, with no cash involved.