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Crypto

Franklin Templeton says stocks alone not enough in AI era, altcoins needed

Asset manager Franklin Templeton said that as agentic artificial intelligence spreads, stocks alone may not capture all investment opportunities and holding cryptocurrencies and altcoins may be necessary. Its digital assets and innovation head Sandy Kaul said rising on-chain transactions by autonomous AI agents could make tokens issued by related networks a core portfolio asset. She argued existing card and bank rails are ill-suited for machine-to-machine micropayments and cited projections for rapid market growth and adoption.

Crypto

U.S. Republicans release revised CLARITY bill package as vote nears amid ethics provision dispute

U.S. Senate Republicans released a revised, consolidated version of the CLARITY bill to set a federal framework for digital asset market structure, as the crypto industry urges a floor vote before the summer recess. Democrats are strongly opposing ethics provisions and expanded Justice Department authority, seen as key obstacles to passage. With 60 votes required, Republicans need at least seven Democratic votes. The Senate is expected to recess in about two weeks.

Crypto

Crypto markets rebound after White House reaches deal on CLARITY bill ethics provision

Cryptocurrency prices rose after expectations grew that the U.S. Senate could resume work on the CLARITY bill, a digital asset market structure measure. Reports said the White House agreed on an ethics package including a conflict-of-interest provision and shared language with some Republican senators, though details were not disclosed. Bitcoin and other tokens climbed. Market participants are watching the final ethics text and whether Democrats back the bill before an August recess.