News linked to this event type.
According to the Financial Times, the UK Financial Conduct Authority (FCA) is working with the Treasury and the Bank of England to establish a dedicated regulatory framework for tokenized gold or broader tokenized commodities, while also assessing whether certain tokenized gold products or market infrastructure should be exempt from the regulatory scope of Collective Investment Schemes (CIS) and Alternative Investment Funds (AIF). Specific arrangements have not yet been finalized.
Albuquerque, New Mexico, passed Ordinance O-26-49, the "Virtual Currency Ordinance," on September 10, prohibiting the operation, hosting, or facilitation of cryptocurrency ATM and over-the-counter cryptocurrency transaction services within city limits. City Councilor Stephanie W. Telles stated that approximately 90% of such local transactions are related to fraud.The ordinance requires relevant operators to remove all affected devices within 45 days of the effective date, with violating individuals and entities facing cumulative fines. City Councilor Tammy Fiebelkorn stated that the ban aims to remove physical infrastructure that facilitates fraudulent activities.The ban does not affect residents' ability to hold, own, mine, and transfer digital assets through other means. The number of cryptocurrency ATMs in the United States has dropped from 38,708 to 27,945, following Bitcoin Depot's cessation of operations. (Bitcoin.com News)
Odaily News: The UK Financial Conduct Authority (FCA) will unveil a potential regulatory reform proposal for tokenized gold on Monday. It is reported that the FCA is expected to state that it is considering establishing a new regulatory regime, which may include exempting certain tokenized gold products from the collective investment scheme (CIS) and alternative investment fund (AIF) regulations governing investment funds.
Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on X platform that it is now time to pass the CLARITY Act. He said the CLARITY Act will protect hard-earned money, keep jobs and innovation in the United States, and strengthen national security. This final text further grants law enforcement greater authority and provides the Treasury Secretary with tools to protect community banks, farmers, and rural Americans.Previously, U.S. Senate Republicans had released a new version of the CLARITY Act text, and Trump has agreed to approximately 80% of the ethics provisions in the new version of the bill.
Odaily News: OpenAI CEO Sam Altman posted on X, welcoming the establishment of a federal-level frontier AI safety regulatory framework in the United States to set consistent safety requirements for the industry, but noted that AI companies don't need to wait for antitrust exemptions or related legislation to take proactive safety measures.Altman stated that OpenAI currently develops clear safety justifications in advance before starting frontier reinforcement learning training that is expected to significantly enhance model capabilities, and hopes the industry will form common standards on model失控 risk, monitoring, and safety. He emphasized that so-called "pacing" of AI development does not mean stopping progress, but rather accepting the speed and cost trade-offs brought by safety measures: "No matter how much competitive pressure the United States faces, AI capabilities should not be allowed to develop faster than alignment and monitoring capabilities."Previously, Anthropic, OpenAI, and Google had been engaged in working group consultations since July on establishing their own AI safety standards organizations. Additionally, U.S. Democratic lawmakers will hold a caucus meeting on Tuesday morning to specifically discuss legislative actions related to artificial intelligence, stating that addressing the challenges posed by AI is a "high priority" requiring prompt measures.
Odaily report: A Fox Business crypto reporter posted on X that U.S. Senate Republicans have released a new version of the "Clarity Act" text, which incorporates a revised ethics proposal agreed to by Trump and adjusts provisions related to the "Blockchain Regulatory Certainty Act," stablecoin yield, and the so-called "Ag" section. Republicans called this their "last, best, and final" offer to Democrats ahead of Tuesday's vote to end debate proceedings.The new text narrows the scope of the "Blockchain Regulatory Certainty Act" to the Bank Secrecy Act and civil enforcement, and removes specific language extending related protections to criminal cases, including prosecutions under Section 1960. The ethics proposal includes requiring Trump to sell "substantial" crypto-related financial interests or place them in a blind trust, and allows state attorneys general to enforce the ethics provisions; the stablecoin yield clause adds a "circuit breaker" mechanism, under which federal regulators can intervene if there is evidence of large-scale flows from community bank deposits into stablecoins, with Treasury Secretary Scott Bessent serving as the adjudicator.The "Ag" section adds new restrictions on vertical integration, including related-party transactions and conflicts of interest involving digital commodity exchanges, brokers, and dealers, and clarifies that state consumer protection laws still apply; the developer protection clause will not constitute an exemption from derivatives law, nor will it affect prediction markets.
According to the China-Cambodia Times, the National Bank of Cambodia has announced the revocation of the payment license held by Tian Xu International Technology Plc., the operating entity for the payment platform CoolCash (Xiao Yi Pay). The license was issued on May 27, 2024, and was originally valid until 2030.
Odaily reports: "White-Haired Stock Guru" Serenity posted on X platform, stating that in their view, the probability of Anthropic and OpenAI genuinely slowing down frontier AI development is "essentially zero," and that some regulatory measures pushed by leading AI companies are more likely aimed at raising competitive barriers to restrict the development of competitors.They stated that OpenAI and Anthropic will not voluntarily cede their lead to competitors like Gemini, xAI, and Meta, and that given all countries are continuously advancing AI technology development, it would be very difficult for the United States to meaningfully slow down frontier AI R&D. Currently, all parties are still competing for scarce resources such as storage and AI chips. They believe that demand for AI-related infrastructure will remain strong, and rebutted the view that AI-related stocks such as Nvidia (NVDA), TSMC (TSM), and Micron (MU) will experience significant declines as a result.Previously, Anthropic CEO Dario Amodei published a long article stating that the AI industry must slow down the pace of improving model capabilities, but this does not mean stopping model training or technological progress — rather, it means ensuring companies have enough time for model alignment and safety safeguards. OpenAI founder Sam Altman expressed agreement, saying "we need to control the progress of frontier models," and stated that OpenAI will also consider giving independent evaluators access similar to that of employees.
Odaily News: Nate Geraci, President of ETF Store, posted on X platform that if the CLARITY Act can secure enough votes and continue to advance this week, it would constitute a positive boost for the crypto industry, but he believes the future of the crypto industry does not depend on this bill.He stated that under the Trump administration, the U.S. SEC and CFTC will use existing authority to continue driving the crypto industry forward, while the main role of the CLARITY Act is to further accelerate this process and strengthen market confidence that related innovations will not be easily reversed by future policy changes.
Odaily News: House Democratic leader Hakeem Jeffries stated that Democratic lawmakers will hold a caucus meeting on Tuesday morning to specifically discuss legislative action related to artificial intelligence, calling addressing the challenges posed by AI a "high priority" that requires prompt measures. He noted that discussions are ongoing within the Democratic Party on how to establish regulatory and safety "guardrails" in response to the industry's rapid development and potential risks. (Bloomberg)
Odaily News: U.S. Senate Majority Leader Chuck Schumer has convened the Senate Democratic caucus for a Sunday evening meeting to discuss the new text of the CLARITY Act that Republican senators circulated on Thursday. The text contains more than 100 amendments reportedly proposed by Democrats.The Senate will vote on Tuesday on whether to advance the bill through cloture, or to abandon the effort altogether. Democrats remain divided internally over ethics provisions, and community banks also oppose the stablecoin yield-related rules. Most Democratic senators are expected to vote against it.U.S. President Donald Trump discussed new wording on the ethics provisions with advisers on Friday, as Democrats demand that public officials divest their existing crypto assets. If all 53 Republican senators support the bill, it would need at least 7 Democratic senators to agree to proceed to debate on Tuesday; some Republican senators also oppose the current stablecoin yield provisions. (Bitcoin.com News)
Odaily reports: Bitcoin News posted on X that the U.S. Senate will hold its first procedural vote on the CLARITY Act on Tuesday at 2:15 PM ET. Senator Bernie Moreno urged colleagues to advance the bill, with amendments to be considered thereafter. Congressman Warren Davidson called for the removal of Section 305 before the bill passes, stating that the provision allows exchanges and stablecoin issuers to freeze suspicious transactions for 30 days, or up to 180 days at the request of law enforcement, effectively granting them the authority to carry out "civil asset forfeiture."
Odaily reports: Well-known tech investor Jason posted on X: "AI stocks will drop more than 10% in early trading on Monday," adding that Amodei's blog post "single-handedly dismantled the AI trade."Anthropic CEO Dario Amodei previously published a blog post with a title that directly stated: "We Must Pace the Frontier." Within hours of the article's publication, SpaceX CEO Elon Musk posted on X, saying "Dario is right."Early market indicators show that following the "AI slowdown" news, related assets on the HyperliquidX platform fell in response, with OpenAI and Anthropic dropping 7% and 2.8% respectively. Multiple market observers and investors have issued warnings on social media, concerned that the news will cause a significant impact on AI-related stocks such as Nvidia, Broadcom, and AMD on Monday.Executives at Google DeepMind and Meta have not yet publicly commented on this weekend's discussions. Divisions within the industry also cannot be overlooked. Critics argue that leading AI companies have self-interested motives in emphasizing existential risks—expensive safety and compliance frameworks could shut out smaller competitors, thereby consolidating the market position of existing giants.
U.S. President Trump publicly stated that the United States should maintain the lowest global interest rate levels. This statement directly points to the direction of macroeconomic and monetary policy.
As the U.S. Senate resumes work after concluding its recess, the legislative process for the CLARITY Act has once again stalled. The bill was previously passed by the House with a vote of 294 to 134, but as of now, no final vote date has been scheduled in the Senate.
Odaily News: Citrini analyst Jukan shared a research report from Tianfeng Securities and stated that the US government needs to maintain its leading position in AI, so once it enters the AI race, it is very difficult to truly stop. Jukan believes that recent calls by Anthropic and OpenAI to slow down AI development cannot be viewed merely as safety initiatives; behind them may simultaneously lie multiple considerations, including the inability to slow the competition and the desire to entrench leading advantages through safety regulation.Jukan further pointed out that the relevant "AI slowdown" calls ostensibly stem from safety testing, operational monitoring, and third-party verification being unable to keep pace with model iteration speed, which in the short term may suppress market sentiment in the AI sector and lower market expectations for next-generation models. Another possibility is that the industry remains bullish on AI in the long term but wants to postpone the next round of large-scale R&D investment, prioritize commercializing existing products, and reduce pressure on infrastructure and capital expenditure. He believes the AI race is essentially akin to a "prisoner's dilemma" — all parties want to slow down, but none dares to be the first to stop, lest they lose their technological, customer, and financing advantages.Jukan also noted that Anthropic and OpenAI's recent emphasis on recursive self-improvement (RSI) is related to AI having already begun assisting in the development of next-generation AI, accelerating model iteration speed. Meanwhile, in OpenAI's internal testing, incidents reportedly occurred in which Agents collaborated to escape the sandbox and intrude into Hugging Face production servers. Jukan believes that as model releases require bearing expensive evaluation, certification, and continuous auditing costs, large labs are better positioned to absorb these fixed costs, while smaller teams may face higher barriers to entry as a result. If leading labs further participate in setting evaluation standards, industry barriers may continue to rise.
In the past 24 hours, Trump has intensively advanced the approval of a $1.5 trillion defense budget, while simultaneously facing multiple external pressures, including Democratic investigative probes and geopolitical shifts in Canada and Europe.
Odaily Report: Two people familiar with the matter revealed that U.S. President Trump met with advisers to discuss a government ethics provision being considered for inclusion in the Crypto Market Structure Act (the CLARITY Act). The meeting took place ahead of the Senate's procedural vote next Tuesday, which will determine the fate of the CLARITY Act's advancement. Senate Democrats are demanding that the legislation include ethics language applicable to government officials to limit Trump's ability to profit from his family's crypto business. It remains unclear what the outcome of the meeting was or which advisers attended. The White House did not immediately respond to a request for comment on Saturday evening.The ethics provision has been one of the key obstacles facing the CLARITY Act in the Senate, following clear bipartisan disagreements over whether enforcement authority should rest with the Department of Justice or state attorneys general. Next Tuesday's procedural vote will test whether the two parties can reach a compromise on this core dispute before the Senate recesses. (politicopro)
Odaily News: South Korea's digital asset institutionalization process this week once again focused on two major directions: legislation and infrastructure development. According to South Korean Democratic Party lawmaker Min Byeong-deok (민병덕), speaking at a seminar, the "Digital Asset Basic Act" will be pushed for enactment within the year, with a public hearing planned for this month, and formal legislative review to commence in November after the completion of the parliamentary audit. However, considering that the National Assembly will still conduct parliamentary audits and budget reviews and other procedures, the legislative timeline may also be delayed to the first half of next year. In addition, South Korea's Financial Services Commission has announced a phased implementation roadmap for security tokens (STO), and financial institutions are also advancing tokenization system testing and global infrastructure cooperation. South Korea's digital asset regulation is gradually shifting from institutional discussion to the implementation preparation stage. (MK)
GitHub states that it is investigating decreased availability across multiple services, with API Requests, Issues, Pages, Pull Requests, and Actions all affected. Increased database replication latency on the collaboration platform has been identified, which has led to a rise in the error rate for authorization endpoints.