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🚨 NOW: Sen. Cynthia Lummis accused Democrats of choosing politics over consumers and U.S. crypto leadership after the CLARITY Act failed to advance.

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πŸ€– LATEST: OpenAI CFO Sarah Friar says the company is prepared to slow frontier AI development if researchers determine it is necessary for safety.

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πŸ‡ΊπŸ‡Έ NOW: Coinbase CEO Brian Armstrong says crypto can't wait on Congress after the CLARITY Act stalled, adding "clarity is coming to crypto regardless."

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πŸ‡ΊπŸ‡ΈπŸ‡¨πŸ‡³ NEW: Nvidia CEO Jensen Huang will reportedly join President Trump's state dinner for Chinese President Xi Jinping later this month in Washington.

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πŸ”₯ JUST IN: $1.7T Deutsche Bank plans to launch digital asset custody for institutional and corporate clients in Europe this year.

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πŸ‡ΊπŸ‡Έ JUST IN: Kraken parent Payward to bring Hyperliquid perpetual futures to US clients, pending regulatory approval.

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πŸ‡ΊπŸ‡Έ LATEST: Bernstein expects β€œaggressive and swift” SEC and CFTC crypto rulemaking after CLARITY failed to advance.

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πŸ”₯ LATEST: Ondo Finance joins DTCC’s Fund/SERV, which handles 85%+ of US mutual fund transactions.
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πŸ‡ΊπŸ‡Έ JUST IN: Michael Selig says crypto rulemaking will move ahead despite CLARITY’s failure: β€œThe CFTC is locked in and ready to ship.”

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🚨 HUGE: The House Ways and Means Committee has passed the Digital Asset Tax Certainty Act, advancing a clearer tax framework for crypto.

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πŸ‡ΊπŸ‡Έ BREAKING: The Federal Reserve has raised interest rates by 25 basis points.
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πŸ‡ΊπŸ‡Έ FED CHAIR WARSH: β€œI’m not going to prejudge any future decisions.”

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