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Crypto

Clarity Act this time for real? Scott Bessent presses Senate, warns U.S. lead at risk if it fails

The U.S. Treasury is publicly pressuring the Senate to act on the Clarity Act. Treasury Secretary Scott Bessent urged senators to advance the bill and warned that failure could weaken U.S. leadership in digital assets. The Senate is set to hold a procedural vote on Sept. 15, which is expected to require 60 votes. Republicans hold 53 seats, meaning at least 7 Democrats would need to join if all Republicans support it.

AI & Enterprise

Goldman Sachs CIO says Chinese models can be used with safeguards

Goldman Sachs Chief Information Officer Marco Argenti said companies have no reason to exclude open-weight AI models if they put safeguards in place, Axios reported on Tuesday. Argenti said firms, including banks, can use models from any company if safety measures are installed, and he does not think access should be blocked outright, including to Chinese models. Goldman mainly uses U.S.-made open models and is testing several in operations.

Crypto

U.S. Treasury debt buyback nears $14.5 billion, raising hopes of second rally in bitcoin and XRP

The U.S. Treasury began full execution of a government debt buyback program on Sept. 7, lifting expectations for near-term liquidity tied to bitcoin and XRP. The weekly cap is $14.5 billion, and the maximum per Treasury session could reach $16.5 billion. Attention is on Sept. 9, when long-dated buyback limits are set to double. Traders are watching whether the cash supplied through buybacks fuels risk appetite and lifts crypto prices.