Crypto

Clarity bill seen 15 percent likely to pass this year as even Republicans say it is not easy

Prospects for the U.S. “Clarity” crypto bill are dimming, with some Republican senators warning it may lack the support needed to advance next week. Negotiations over strengthened ethics provisions sought by Democrats have shown little progress. Lawmakers from both parties say the ethics dispute remains unresolved despite ethics language in the latest Senate draft. The Senate has scheduled a procedural vote for Sept. 15. The bill’s chance of becoming law this year is put at about 15 percent.

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 Democratic Party lawmakers criticised Lee, while the opposition demanded the agenda change be withdrawn.