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Mobility

Trump may allow Chinese EVs in U.S. ahead of Xi talks, amid market-opening rumors

Rumors are circulating that U.S. President Donald Trump could allow Chinese-made electric vehicles to be sold in the United States as part of negotiations with China, Democratic Senator Elissa Slotkin said. She cited an expected Washington meeting with Chinese President Xi Jinping within weeks and called the idea a strategic mistake that could harm Michigan’s auto industry and 1,200,000 related jobs. Slotkin did not identify the source, and the White House has announced no plan to lower barriers.

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.

Crypto

U.S. Clarity Act may be last real chance this year; failure could push it to 2030

The U.S. Senate is moving to take up the Clarity Act, a cryptocurrency market-structure bill, but analysts warn failure to pass it this year could increase the chances it is redesigned in the new Congress in 2027 or effectively scrapped. A cloture vote is set for Sept. 15 and will require 60 votes, including some Democratic support. Lawmakers face a shrinking legislative calendar and uncertainty over control after November midterm elections.