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Gallego Warns: Rushing CLARITY Act Vote Could Lead to Legislative Setback
According to CoinTelegraph, Democratic Senator Ruben Gallego warned at the Wyoming SALT Blockchain Summit that rushing a Senate vote on the CLARITY Act before resolving disagreements among parties could potentially cause a setback in the U.S. crypto market structure legislation process. Gallego pointed out that the bill still needs to address certain provisions of the Agriculture Committee, build a broader legislative package, and determine how to submit it to the House for deliberation, while emphasizing that sufficiently strong ethics restriction clauses are a necessary prerequisite for securing Democratic support. He revealed that he and Republican Senator Thom Tillis have submitted compromise ethics language proposals to the White House multiple times, but have not yet received a line-by-line response.
U.S. Democratic Senator Warns: Rushing CLARITY Act to a Vote Could Set Back Legislative Progress
Odaily News: U.S. Democratic Senator Ruben Gallego stated at the Wyoming SALT blockchain conference that rushing the CLARITY Act to a Senate vote before resolving ethical concerns and stablecoin yield disputes could set back U.S. crypto market structure legislative progress.Gallego said the crypto industry should push for continued negotiations between Senate Democrats and Republicans rather than an immediate vote. Lawmakers still need to address portions of the bill under the Agriculture Committee's jurisdiction, integrate a broader package, and determine how to bring it to the House, while also working toward the 60-vote threshold needed to pass in the Senate.Gallego also noted that he and Republican Senator Thom Tillis submitted a compromise version of the ethics provisions to the White House before the congressional recess, but have not yet received line-by-line feedback. He believes that sufficiently strict ethics restrictions are a necessary condition for winning Democratic support and advancing the bill.On Wednesday, President Trump met with crypto industry executives at the White House and urged Congress to pass a "fair version" of the CLARITY Act. Senate leadership has delayed action until September, and Senate Majority Leader John Thune previously stated that lawmakers will prioritize the bill upon returning from recess. (Cointelegraph)
CZ: Bitcoin's "Supercycle" Has Yet to Materialize; Market Remains in the Bear Phase of the Four-Year Cycle
Odaily News: At the SALT conference held in Jackson Hole, Wyoming, USA, Binance founder CZ stated that Bitcoin's "supercycle" has yet to materialize. The market continues to follow a relatively strict four-year cycle pattern and is currently in a bear market phase. As total market capitalization expands, price volatility is expected to narrow. However, CZ noted that the current industry environment is the most favorable in his 12 years of experience, with the U.S. regulatory framework serving as a model globally. Securities laws and exchange regulatory structures in many countries are referencing the U.S. approach. Hong Kong is also accelerating its legislative efforts to align with U.S. regulatory thinking.Regarding the allocation of investment firm YZi Labs, CZ disclosed that approximately 70% of funds are directed toward core tracks in crypto and blockchain, about 20% toward AI, and the remainder toward biotech and other sectors. The firm uses its own capital and is not constrained by external LP return cycles, placing greater emphasis on the positive impact of projects and the execution capabilities of founding teams rather than purely financial returns.
Former New York Governor: CLARITY Act Must Pass, U.S. Crypto Regulation Already Lagging Behind Globally
According to CoinDesk, former New York Governor Andrew Cuomo stated Tuesday at the SALT conference held in Jackson Hole, Wyoming, that the U.S. Congress must pass the CLARITY Act as soon as possible, otherwise the United States will continue to lag behind markets such as Europe in crypto regulation. Cuomo noted that long-term regulatory uncertainty has made it difficult for enterprises to conduct business compliantly in the United States. If Congress delays legislation, regulatory rules will change frequently with political power shifts, which is unfavorable for long-term industry planning. Currently, the CLARITY Act has not yet passed the Senate due to disagreements such as Democrats demanding strengthened ethics clauses. Majority Leader Thune has arranged for an immediate procedural vote after the Senate recess ends.
White House Crypto Advisor Patrick Witt: Remains "Optimistic and Bullish" on Clarity Act Passage
According to Odaily, Patrick Witt, the White House's chief crypto advisor, stated that despite ongoing controversies surrounding stablecoin yields and conflicts of interest involving Trump's crypto holdings, he remains optimistic that the Clarity Act will ultimately become law.Speaking at the SALT annual conference in Wyoming on Tuesday, Witt noted that lawmakers are currently in the August recess and are expected to return to Washington in mid-September. Senate Majority Leader John Thune has scheduled a procedural vote on the bill for September 15.Witt said the White House will sit down with Democrats to discuss points of disagreement and work to secure solid votes by September 15. He expressed that he is "genuinely optimistic and bullish" on the bill.The Clarity Act, spanning over 600 pages, aims to establish a comprehensive federal regulatory framework for the U.S. crypto industry, but has faced multiple setbacks over the past few months. Key disputes currently include how to treat stablecoin yields, as well as Democratic concerns over conflicts of interest involving Trump and his family's crypto business ventures.Overall, the September 15 vote will be a critical juncture for whether the Clarity Act can continue to advance. While the White House is attempting to send positive signals, the bill still requires bipartisan support, particularly in reaching compromises on issues such as stablecoins, ethics provisions, and regulatory division of labor.
Gallego Warns: Rushing CLARITY Act Vote Could Lead to Legislative Setback
According to CoinTelegraph, Democratic Senator Ruben Gallego warned at the Wyoming SALT Blockchain Summit that rushing a Senate vote on the CLARITY Act before resolving disagreements among parties could potentially cause a setback in the U.S. crypto market structure legislation process. Gallego pointed out that the bill still needs to address certain provisions of the Agriculture Committee, build a broader legislative package, and determine how to submit it to the House for deliberation, while emphasizing that sufficiently strong ethics restriction clauses are a necessary prerequisite for securing Democratic support. He revealed that he and Republican Senator Thom Tillis have submitted compromise ethics language proposals to the White House multiple times, but have not yet received a line-by-line response.
U.S. Democratic Senator Warns: Rushing CLARITY Act to a Vote Could Set Back Legislative Progress
Odaily News: U.S. Democratic Senator Ruben Gallego stated at the Wyoming SALT blockchain conference that rushing the CLARITY Act to a Senate vote before resolving ethical concerns and stablecoin yield disputes could set back U.S. crypto market structure legislative progress.Gallego said the crypto industry should push for continued negotiations between Senate Democrats and Republicans rather than an immediate vote. Lawmakers still need to address portions of the bill under the Agriculture Committee's jurisdiction, integrate a broader package, and determine how to bring it to the House, while also working toward the 60-vote threshold needed to pass in the Senate.Gallego also noted that he and Republican Senator Thom Tillis submitted a compromise version of the ethics provisions to the White House before the congressional recess, but have not yet received line-by-line feedback. He believes that sufficiently strict ethics restrictions are a necessary condition for winning Democratic support and advancing the bill.On Wednesday, President Trump met with crypto industry executives at the White House and urged Congress to pass a "fair version" of the CLARITY Act. Senate leadership has delayed action until September, and Senate Majority Leader John Thune previously stated that lawmakers will prioritize the bill upon returning from recess. (Cointelegraph)
White House Crypto Advisor Patrick Witt: Remains "Optimistic and Bullish" on Clarity Act Passage
According to Odaily, Patrick Witt, the White House's chief crypto advisor, stated that despite ongoing controversies surrounding stablecoin yields and conflicts of interest involving Trump's crypto holdings, he remains optimistic that the Clarity Act will ultimately become law.Speaking at the SALT annual conference in Wyoming on Tuesday, Witt noted that lawmakers are currently in the August recess and are expected to return to Washington in mid-September. Senate Majority Leader John Thune has scheduled a procedural vote on the bill for September 15.Witt said the White House will sit down with Democrats to discuss points of disagreement and work to secure solid votes by September 15. He expressed that he is "genuinely optimistic and bullish" on the bill.The Clarity Act, spanning over 600 pages, aims to establish a comprehensive federal regulatory framework for the U.S. crypto industry, but has faced multiple setbacks over the past few months. Key disputes currently include how to treat stablecoin yields, as well as Democratic concerns over conflicts of interest involving Trump and his family's crypto business ventures.Overall, the September 15 vote will be a critical juncture for whether the Clarity Act can continue to advance. While the White House is attempting to send positive signals, the bill still requires bipartisan support, particularly in reaching compromises on issues such as stablecoins, ethics provisions, and regulatory division of labor.
OpenGradient Raises $9.5M, with Participation from a16z crypto
OpenGradient, a verifiable AI computation layer, has announced the completion of a $9.5 million funding round. Investors include a16z crypto, Coinbase Ventures, SV Angel, Foresight Ventures, Pragma, SALT, Symbolic Capital, Canonical Crypto, Black Dragon, NEAR, Celestia, Thanefield Capital, and angel investors including Balaji Srinivasan, former CTO of Coinbase. The new funds will support the development and expansion of a decentralized infrastructure network for hosting, executing, and verifying AI models—enabling open and auditable model execution.
Related news
Gallego Warns: Rushing CLARITY Act Vote Could Lead to Legislative Setback
According to CoinTelegraph, Democratic Senator Ruben Gallego warned at the Wyoming SALT Blockchain Summit that rushing a Senate vote on the CLARITY Act before resolving disagreements among parties could potentially cause a setback in the U.S. crypto market structure legislation process. Gallego pointed out that the bill still needs to address certain provisions of the Agriculture Committee, build a broader legislative package, and determine how to submit it to the House for deliberation, while emphasizing that sufficiently strong ethics restriction clauses are a necessary prerequisite for securing Democratic support. He revealed that he and Republican Senator Thom Tillis have submitted compromise ethics language proposals to the White House multiple times, but have not yet received a line-by-line response.
U.S. Democratic Senator Warns: Rushing CLARITY Act to a Vote Could Set Back Legislative Progress
Odaily News: U.S. Democratic Senator Ruben Gallego stated at the Wyoming SALT blockchain conference that rushing the CLARITY Act to a Senate vote before resolving ethical concerns and stablecoin yield disputes could set back U.S. crypto market structure legislative progress.Gallego said the crypto industry should push for continued negotiations between Senate Democrats and Republicans rather than an immediate vote. Lawmakers still need to address portions of the bill under the Agriculture Committee's jurisdiction, integrate a broader package, and determine how to bring it to the House, while also working toward the 60-vote threshold needed to pass in the Senate.Gallego also noted that he and Republican Senator Thom Tillis submitted a compromise version of the ethics provisions to the White House before the congressional recess, but have not yet received line-by-line feedback. He believes that sufficiently strict ethics restrictions are a necessary condition for winning Democratic support and advancing the bill.On Wednesday, President Trump met with crypto industry executives at the White House and urged Congress to pass a "fair version" of the CLARITY Act. Senate leadership has delayed action until September, and Senate Majority Leader John Thune previously stated that lawmakers will prioritize the bill upon returning from recess. (Cointelegraph)
CZ: Bitcoin's "Supercycle" Has Yet to Materialize; Market Remains in the Bear Phase of the Four-Year Cycle
Odaily News: At the SALT conference held in Jackson Hole, Wyoming, USA, Binance founder CZ stated that Bitcoin's "supercycle" has yet to materialize. The market continues to follow a relatively strict four-year cycle pattern and is currently in a bear market phase. As total market capitalization expands, price volatility is expected to narrow. However, CZ noted that the current industry environment is the most favorable in his 12 years of experience, with the U.S. regulatory framework serving as a model globally. Securities laws and exchange regulatory structures in many countries are referencing the U.S. approach. Hong Kong is also accelerating its legislative efforts to align with U.S. regulatory thinking.Regarding the allocation of investment firm YZi Labs, CZ disclosed that approximately 70% of funds are directed toward core tracks in crypto and blockchain, about 20% toward AI, and the remainder toward biotech and other sectors. The firm uses its own capital and is not constrained by external LP return cycles, placing greater emphasis on the positive impact of projects and the execution capabilities of founding teams rather than purely financial returns.
Former New York Governor: CLARITY Act Must Pass, U.S. Crypto Regulation Already Lagging Behind Globally
According to CoinDesk, former New York Governor Andrew Cuomo stated Tuesday at the SALT conference held in Jackson Hole, Wyoming, that the U.S. Congress must pass the CLARITY Act as soon as possible, otherwise the United States will continue to lag behind markets such as Europe in crypto regulation. Cuomo noted that long-term regulatory uncertainty has made it difficult for enterprises to conduct business compliantly in the United States. If Congress delays legislation, regulatory rules will change frequently with political power shifts, which is unfavorable for long-term industry planning. Currently, the CLARITY Act has not yet passed the Senate due to disagreements such as Democrats demanding strengthened ethics clauses. Majority Leader Thune has arranged for an immediate procedural vote after the Senate recess ends.
White House Crypto Advisor Patrick Witt: Remains "Optimistic and Bullish" on Clarity Act Passage
According to Odaily, Patrick Witt, the White House's chief crypto advisor, stated that despite ongoing controversies surrounding stablecoin yields and conflicts of interest involving Trump's crypto holdings, he remains optimistic that the Clarity Act will ultimately become law.Speaking at the SALT annual conference in Wyoming on Tuesday, Witt noted that lawmakers are currently in the August recess and are expected to return to Washington in mid-September. Senate Majority Leader John Thune has scheduled a procedural vote on the bill for September 15.Witt said the White House will sit down with Democrats to discuss points of disagreement and work to secure solid votes by September 15. He expressed that he is "genuinely optimistic and bullish" on the bill.The Clarity Act, spanning over 600 pages, aims to establish a comprehensive federal regulatory framework for the U.S. crypto industry, but has faced multiple setbacks over the past few months. Key disputes currently include how to treat stablecoin yields, as well as Democratic concerns over conflicts of interest involving Trump and his family's crypto business ventures.Overall, the September 15 vote will be a critical juncture for whether the Clarity Act can continue to advance. While the White House is attempting to send positive signals, the bill still requires bipartisan support, particularly in reaching compromises on issues such as stablecoins, ethics provisions, and regulatory division of labor.
OpenGradient Raises $9.5M, with Participation from a16z crypto
OpenGradient, a verifiable AI computation layer, has announced the completion of a $9.5 million funding round. Investors include a16z crypto, Coinbase Ventures, SV Angel, Foresight Ventures, Pragma, SALT, Symbolic Capital, Canonical Crypto, Black Dragon, NEAR, Celestia, Thanefield Capital, and angel investors including Balaji Srinivasan, former CTO of Coinbase. The new funds will support the development and expansion of a decentralized infrastructure network for hosting, executing, and verifying AI models—enabling open and auditable model execution.