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Industry

Final stage of U.S. investment talks: Can South Korea win duty-free export cap for chips?

Detailed talks over $200 billion of South Korea’s $350 billion investment package for the United States are entering a final stage, with Industry Minister Kim Jeong-gwan travelling to meet U.S. Commerce Secretary Howard Lutnick. Observers say Seoul needs to secure a written duty-free export quota for semiconductors proportional to investment as Washington designs chip tariffs to push more local production. Uncertainty remains over formulas and product coverage, while the government discusses responses across agencies.

Crypto

U.S. Senate recess nears; Lummis says she expects Clarity Act vote

Uncertainty is growing over whether the U.S. Senate can act on the crypto market structure Clarity Act before its August recess. Senator Cynthia Lummis said she expects a vote before the month-long break. The Democratic schedule did not list a vote as of that day. Passage would require 60 votes to clear a filibuster. Disputes persist over ethics provisions tied to President Donald Trump and issues including stablecoins and tokenized stocks.

Crypto

Democrats, law enforcement groups take positive view of U.S. Clarity Act amendment; hopes for August passage

As negotiations continue over the Clarity Act to set a U.S. crypto regulatory framework, Democratic Senator Catherine Cortez Masto and law enforcement groups voiced support for an amendment. The change has been sent to the White House. Lawmakers hope to pass the bill before the August recess, though some Democratic disputes remain. A key issue is liability protections for developers and companies. A new draft also adds ethics rules barring officials and families from issuing or promoting crypto.