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Crypto

U.S. Clarity Act vote nears as crypto industry and banks clash in last-minute lobbying

With the U.S. Senate set to hold a procedural vote on the Clarity Act on Sept. 15, lobbying by the cryptocurrency industry and regional banks is spreading to senators’ home states. Both sides used the August recess to press their case through local events, meetings, op-eds, calls, emails and advertising. The bill would set federal rules for digital assets and split oversight between the SEC and CFTC, with stablecoin reward provisions a key flashpoint.

Telecommunications & Media

Sci-tech media panel passes ruling party-led resolution urging Lee Jin-sook to recuse herself

South Korea\'s National Assembly Science, ICT, Broadcasting and Communications Committee on Monday passed, led by the ruling party, a resolution urging People Power Party lawmaker Lee Jin-sook (이진숙) to refrain from speaking and voting on agenda items involving herself. People Power Party members, including Lee, protested the item being tabled and walked out before the vote. Democratic Party lawmakers criticised Lee, while the opposition demanded the agenda change be withdrawn.

Crypto

UK considers allowing retail investors access to Polymarket and Kalshi after 7-year ban

Britain\'s Financial Conduct Authority is considering whether to ease restrictions that have limited retail investors\' use of prediction markets, reports said. The review involves discussion over whether to relax a ban on binary options for retail customers in place since 2019. Platforms under consideration include Polymarket and Kalshi, which offer binary-options-style contracts on outcomes of events such as sports, politics and weather. The FCA has not lifted the ban and is still at the review stage.