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Crypto

U.S. Senate Republicans unveil Clarity Act revision banning federal officials from issuing tokens

U.S. Senate Republicans unveiled a revision to the digital asset market structure bill known as the Clarity Act that includes an ethics provision banning the president and all federal officials from issuing or sponsoring tokens until 2029. The draft also restricts crypto platforms from listing assets issued or backed by federal officials. Enforcement would be handled by the Justice Department. The bill’s Senate prospects remain uncertain and would require some Democratic support.

Crypto

Trump moves to broker late-stage Clarity bill deal as talks stall over ethics provision

U.S. President Donald Trump is set to meet senators to discuss a disputed ethics provision in the Clarity crypto market structure bill. Talks are focused on whether to restrict top officials, including the president, from holding personal business interests in the crypto industry. Democrats say they will not cooperate on a final vote without the clause. Senate leaders aim for floor action before the Aug. 7 work period ends.

AI & Enterprise

White House, Anthropic clash over export controls for Mythos and Fable

The Trump administration asked Anthropic to voluntarily take down its latest AI model, Fable, within 24 hours before imposing export controls on Fable and Mythos, Politico reported. Amazon CEO Andy Jassy raised concerns to the White House two days after Fable’s release, prompting an emergency meeting. Treasury Secretary Scott Bessent and other officials held multiple calls with Anthropic CEO Dario Amodei, who argued the issue was limited and not a serious threat.