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AI & Enterprise
FSS to step up preventive consumer protection, use AI to handle complaints and disputes
South Korea\'s Financial Supervisory Service said rising complaints and disputes and short-term performance-driven sales practices remain key consumer-protection challenges. It plans to strengthen oversight focused on prevention rather than post-incident relief, including launching an AI-based integrated portal for handling complaints and disputes in January 2027. The FSS also cited progress in institutional improvements, dispute mediation, financial crime 대응 using AI, and new monitoring systems for digital finance and virtual assets.
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.
