Clarity Act Does Not Get Required 60 Votes To Advance To Next Stage
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US Senate fails to advance CLARITY Act
The failed procedural vote leaves the CLARITY Act facing an uncertain future after months of negotiations over crypto oversight and ethics provisions.
The South Korean government is considering extending the sovereign AI core GPU guarantee project, with a budget of up to 4 trillion won next year.
According to Odaily Odaily, the South Korean government is considering extending its support project for GPUs, a core resource for AI. On July 7th, industry sources indicated that the Ministry of Science and ICT is investigating the capacity of major South Korean cloud service providers to build additional GPUs, aiming to extend the "AI Computing Resource Utilization Infrastructure Enhancement Project." The core of this project involves government-funded purchases of GPUs, deployment in cloud service provider data centers, and support for industry-academia-research collaboration. Last year, the South Korean government allocated a budget of 1 trillion won, and this year it allocated 2 trillion won, securing over 20,000 GPUs. The project was originally scheduled to end this year, but with the surge in demand for advanced resources such as NVIDIA's next-generation GPU Vera Rubin, the South Korean government is developing comprehensive countermeasures, including data center efficiency optimization and new space security plans. It is reportedly already applying to the Planning and Budget Office for a "limited additional budget" for GPU security. Industry estimates suggest that, considering this year's GPU security budget and the government's intentions, next year's budget could reach a maximum of approximately 4 trillion won. Industry experts say that compared to the GPU supply itself, "equipment installation space" will be the key to the success or failure of the project, because running thousands of high-performance GPUs simultaneously requires a large power supply and advanced cooling systems, and the equipment installation space held by South Korean companies is nearing saturation. (ETNews Electronics)
Liu Liehong: The release of industry data value has entered a new stage of in-depth advancement, and the National Data Administration will work with relevant departments to introduce targeted and specific measures.
Mars Finance reported on July 7th that Liu Liehong, Secretary of the Party Leadership Group and Director of the National Bureau of Data, attended and addressed the opening ceremony of the "2026 Global Digital Economy Conference" and the "Data Element Development Forum" held in Beijing from July 2nd to 3rd. Liu Liehong stated that with the implementation of the "531" work system, the potential of data elements is being released at an accelerated pace, and data circulation and utilization are showing new trends. First, the release of industry data value has entered a new stage of in-depth advancement. Enterprises should focus on the "three main battlefields" to realize their own value in deepening the circulation and utilization of industry data; local governments should focus on creating a strong data atmosphere to empower industrial transformation and promote high-quality economic development through data; the National Bureau of Data will work with relevant departments to introduce targeted and specific measures. Second, the solutions to key problems are becoming clearer. For example, adapting to the diverse data needs of artificial intelligence and solving the problems of "dispersed system construction, inconsistent standards, and difficulty in data sharing," the practice of using "technology empowerment" such as intelligent agent invocation to resolve the pain point of "data dispersion," and using "semantic unification" to solve the problem of "inconsistent formats" has begun to show results. Third, data empowerment for the innovative development of artificial intelligence is continuously deepening. On the supply side, we will accelerate the construction of a high-quality dataset supply system for the industry; on the circulation side, we will systematically optimize data usage rules and circulation models for artificial intelligence; on the application side, we will drive the data flywheel to accelerate through "analog-data resonance". (National Data Administration website)
Crypto Reacts: Bitcoin Slides as Clarity Act Fails to Clear Senate Vote
The Senate fell short of the 60 votes needed to advance the crypto industry's marquee bill Tuesday. Bitcoin dropped as the no tally mounted, but the move stopped well short of panic.
Clarity Act Stalls in Senate as Crypto Bill Fails to Clear Key Vote
The crypto market structure bill failed to receive enough votes to advance in the Senate.
Morning Minute: Clarity Act Odds Slump After Democrat Pushback
The odds of the Clarity Act passing have fully reversed their recent move, and crypto majors have reversed alongside. Is there any hope left for the bill to pass?