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Crypto

U.S. House abruptly cuts September session ahead of Clarity Act vote

The U.S. House has cancelled its late-September session, raising the likelihood that action on the Clarity Act, a crypto market structure bill, slips until after the midterm elections. House Republicans cancelled the final two weeks of the September session and plan to return on Sept. 14 for about one week. The Senate returns the same day and is set to hold an initial procedural vote on Sept. 15, but the bill would still require further steps including House approval and a presidential signature.

Crypto

U.S. ex-congressman George Santos banned for life from Kalshi after betting on own State of the Union attendance

Prediction market platform Kalshi permanently banned former U.S. House member George Santos and imposed a $71,356 fine, Decrypt reported. Santos traded in a market tied to whether he would attend the State of the Union address and then made public comments that moved prices, Kalshi concluded. Kalshi said those remarks affected prices and generated $17,839.57 in profit. The platform cited rule breaches including market manipulation and non-cooperation.

Games & Commerce

Coupang dispute raises risk of U.S. tariff pressure on South Korea

A dispute involving Coupang is raising the possibility that U.S. pressure on South Korea could expand to additional tariffs. CNBC reported that U.S. congressional officials and people around Coupang see potential responses by Congress or the White House if the row drags on. The issue centers on South Korea’s response after a personal data leak case. U.S. politicians have urged a formal probe and tariff review, while both sides dispute the leak’s scale and related actions.