A new U.S. Senate bill aims to fast-track energy infrastructure for AI data centers, uniting fossil fuel and renewable sectors while dividing environmentalists.
The CFTC has submitted a preliminary crypto market proposal to the White House following the Senate's failure to pass the CLARITY Act.
The US Senate has blocked the Ratepayer Protection Act, which sought to shift energy infrastructure costs from residents to data center operators.
The US Senate voted 57-43 against the Ratepayer Protection Act, failing to reach the 60-vote threshold needed to force data centers to pay for their own electricity infrastructure.
The White House has blamed the Democratic Party for the failure of the Crypto Clarity Act in the Senate, citing a lack of support that stalled the bill's progress.
The CFTC has submitted new crypto market rules to the White House following the failure of the Clarity Act to pass the Senate.
The U.S. Commodity Futures Trading Commission has submitted draft crypto market regulations to the White House as the CLARITY Act faces legislative deadlock in the Senate.
Treasury Secretary Scott Bessent is pushing for a Senate vote on the Crypto Clarity Act to prevent the loss of US technological leadership in the digital asset sector.
The US Senate is investigating OpenAI over its handling of a July security breach involving the Hugging Face platform.
Crypto advocates and community banks are lobbying senators in their home states ahead of a September 15 procedural vote on the Clarity Act.
