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Crypto
Trump speed push meets caution from U.S. senator over crypto Clarity Act
U.S. Democratic Senator Ruben Gallego warned that rushing a vote on the Clarity Act could set back legislation on crypto market structure. He said forcing a vote without resolving ethics rules and stablecoin revenue issues could undo progress made so far. Speaking at a blockchain symposium in Wyoming, Gallego urged the industry to support further bipartisan talks. President Donald Trump pressed Congress to pass a “fair version” of the bill, while Senate leaders have delayed action until September.
Crypto
U.S. Senate reaches compromise on Clarity Act ethics clauses but floor path still unclear
Bipartisan U.S. senators have drawn up a new compromise over ethics provisions in the Clarity Act, a cryptocurrency market-structure bill, but prospects for action before the August recess remain unclear. The compromise was sent to the White House, though its wording has not been disclosed. Democrats have sought tougher rules amid concerns about President Donald Trump’s conflicts of interest. Senate leaders have yet to file key floor motions, and other priorities could push consideration into September.
AI & Enterprise
For now, cloud AI is the answer even for finance as AI advances fast
No Kyung-hoon (노경훈), head of financial business at Amazon Web Services Korea, said there are no technical or regulatory problems with using cloud in finance and that AI will accelerate cloud adoption. He said building AI infrastructure in internal data centres can become a burden as AI changes quickly and new technology may be hard to use on existing systems. He cited a survey of about 150 firms showing around 60 percent use or plan cloud because of AI.
