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Clarity bill fails, reigniting digital asset tax controversy

This week’s key issue in digital assets was the Clarity bill, which failed to clear a U.S. Senate cloture vote and pushed bitcoin down into the $76,000 range. Unresolved disputes included stablecoin interest payments, whether developers and infrastructure providers fall under money-transmitter rules, and ethics rules tied to President Donald Trump’s crypto business. In South Korea, debate revived over the government’s plan to start taxing digital assets in 2027. Markets also revisited quantum-computing risks and tokenisation investment moves.