CLARITY Act ethics fight blocks 60 Senate votes

The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY Act reaching 60 Senate votes.The CLARITY Act needs 60 Senate votes to overcome a filibuster, requiring at least seven Democrats to cross the aisle.An ethics provision barring government officials from crypto dealings is missing from the current text and is Democrats core demand.The White House has rejected any language singling out a specific officeholder, leaving the two sides at an impasse.  Analysts and lawmakers have identified the ethics provision as the CLARITY Acts most consequential unresolved issue heading to the Senate floor. Republicans hold 53 seats and need 60 votes to clear a filibuster, meaning at least seven Democrats must vote yes.  Senator Kirsten Gillibrand, a Democrat who has backed crypto regulation, told audiences at Consensus Miami 2026 that the bill will not move without an ethics clause. “This provision will be part of this bill, or it will not go forward,” she said. “Because we cannot let greed and corruption in Washington tear this industry down, and without that provision, thats exactly what will happen.”  Ethics impasse sets up the bills hardest vote  The CLARITY Acts 309-page draft contains no conflict of interest language because such provisions fall outside

05-16Industry

Salesforce Anthropic token spend signals AI as core cost

Salesforce Anthropic token spend is moving from a headline number to something more revealing: a sign that AI is becoming a core operating cost inside major software companies. Marc Benioff said on the podcast published Friday that Salesforce expects to spend $300 million on Anthropic tokens in 2026, with most of that bill tied to coding.  That detail matters because it shifts the story away from flashy demos and toward day-to-day economics. Benioff is not talking about a small pilot. Instead, he is describing a level of AI usage that suggests coding agents are being treated as infrastructure.  He also tied that spending to a broader product push. Salesforce is working on technology to make coding easier inside Slack, extending the companys bet that workplace collaboration and AI agents will increasingly blur together.  Salesforce Anthropic token spend points to a bigger AI cost shift  Benioffs projection, shared on the podcast, puts a price tag on how deeply Salesforce appears willing to embed Claude into its internal workflows. He said most of the expected $300 million token spend will go toward coding, a striking signal for an enterprise software company whose own products are built by large engineering teams.  The implication is simple: Salesforce believes AI

05-16Industry

Atlassian (TEAM) Surges 8% on Renewed Enterprise AI Momentum

Atlassian Corporation, TEAM  The summit delivered fewer tangible agreements than investors anticipated. However, the overall atmosphere evolved from adversarial to moderately positive — and for an industry as internationally integrated as enterprise software, that shift proved sufficient.  The S&P 500 achieved a milestone, surpassing 7,500 during the same trading session. Technology stocks experienced broad-based buying interest.  This upward movement wasnt isolated. Two distinct developments from the broader enterprise software landscape reinforced the positive sentiment.  Figma disclosed 46% revenue expansion, demonstrating genuine progress in early AI monetisation efforts. ServiceNow unveiled a multiyear artificial intelligence collaboration with Experian. Both announcements conveyed a consistent message: enterprise software providers are successfully integrating AI capabilities into their offerings and generating revenue from these features.  This storyline holds significance for Atlassian. Earlier this year, apprehension that artificial intelligence would destabilize rather than strengthen enterprise software platforms had pressured the sector. These recent developments helped diminish those worries.  Analyst Perspectives  Truist Securities maintained its Buy stance and $100 price objective on TEAM, referencing the companys artificial intelligence roadmap unveiled at its Team 26 conference.  The firm emphasized how Atlassian intends to generate revenue from AI through its Rovo credit framework, which encompasses both internal platform usage and external consumption. Truist views Atlassian as strategically positioned

05-16Industry

South Korea to Unveil Tokenized Securities Rules in July

South Korea is set to release comprehensive guidelines for tokenized securities in July 2026, marking a significant step toward integrating blockchain technology into its regulated capital markets. The Financial Services Commission (FSC) aims to fully implement the framework by February 2027, creating a legal pathway for issuing, trading, and settling tokenized assets on distributed ledgers.  The July announcement will reportedly include detailed rules for tokenizing stocks, bonds, and money market funds, alongside adjustments to over-the-counter trading limits and new provisions for fractional investment products. According to FSC Vice Chairman Kwon Dae-young, these measures are designed to “institutionalize” tokenized securities while maintaining investor protections under existing financial laws.  The move builds on South Koreas multi-year regulatory overhaul to accommodate security tokens. In early 2023, the FSC laid the groundwork by defining security tokens under the Financial Investment Services and Capital Markets Act (FSCMA) and releasing guidelines for their issuance and distribution. Tokens representing equity, dividends, or profit-sharing rights can now be classified as securities, subject to the same oversight as traditional financial instruments.  South Koreas leadership in tokenized finance is becoming increasingly evident. Earlier this year, the Ministry of Economy and Finance announced a pilot program to use tokenized deposits for government spending, with

05-16Industry

Astarter Partners with UXLINK to Expand AI Agent Economy in Web3

Astarter, a popular Web3 infrastructure platform, has partnered with UXLINK, a renowned Web3 social entity. The partnership denotes a landmark in the advancement of the Web3-based AI and social infrastructure. As per Astarter‘s official social media announcement, the development combines its independent AI-led economy and UXLINK’s comprehensive social growth infrastructure. Thus, the move creates a robust synergy between wide-ranging community adoption and decentralized intelligence.  Astarter and UXLINK Partner to Accelerate DeFAI-DePIN Integration for Web3 Engagement  The partnership between Astarter and UXLINK is poised to bolster the integration of DeFAI, DePIN, and AI agents. This enables independent systems to execute, coordinate, and create significant economic value on-chain. In the meantime, UXLINK has become a well-known Web3 social entity, linking numerous consumers and developers via its socially-led network. So, both companies attempt to boost the next chapter of Web3 engagement, on-chain growth, and autonomous coordination.  Apart from that, Astarters vision is to generate a local infrastructure to benefit the independent AI agent economy. With the merger of decentralized AI (DeFAI) and decentralized physical infrastructure networks (DePINs), the firm is set to pave the way for intuitive agents that can operate autonomously, coordinate tasks, and produce meaningful value across chains. The respective approach underscores the rising

05-16Industry

A16z Calls for SEC Clarity on Tokenized Securities Framework

Andreessen Horowitz (a16z) has submitted a detailed response to the SECs Crypto Task Force, urging regulators to modernize securities laws to accommodate blockchain-based tokenized assets. The venture capital firm, known for its heavy investment in crypto, argues that tokenization could revolutionize capital markets but warns that outdated regulations could stifle innovation if not updated.  Tokenized securities—traditional assets like stocks and bonds represented as blockchain tokens—offer benefits such as faster settlement, increased liquidity, and 24/7 trading. However, as noted in a January 2026 joint statement from the SEC, tokenization doesnt change the legal status of these assets, and they remain subject to existing securities laws. A16z is advocating for the SEC to adopt a “technology-neutral” approach that balances innovation with investor protections.  Key Proposals from a16z  In its submission, a16z outlined several recommendations to clear regulatory hurdles for tokenized securities:Modernize Transfer Agent Rules: Current rules assume legacy methods like paper or spreadsheets. A16z suggests recognizing blockchains ability to securely manage shareholder records, automate compliance, and facilitate real-time trading.Clarify Rules for Tokenized Mutual Funds: Legacy pricing rules around net asset value (NAV) create ambiguity for secondary trading of tokenized fund shares. The firm proposes exemptive relief similar to ETFs to unlock blockchains programmability for real-time

05-16Industry

Augustus Wins OCC Approval to Build AI-Powered Stablecoin Bank

Augustus Bank, a Berlin-born fintech turned U.S. banking hopeful, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to launch a national bank tailored for artificial intelligence (AI) and stablecoin-powered clearing. CEO Ferdinand Dabitz says the banks mission is to replace “broken” legacy systems that global clearing giants like Citi still rely on.  The conditional charter, granted on May 11 under the GENIUS Act framework, allows Augustus to proceed with plans to establish a Dallas-based institution. The bank will utilize stablecoins for payments and liquidity management, integrating AI deeply into compliance and back-office operations. Dabitz told the team is just “a couple of months” away from full approval, pending regulatory requirements.  Targeting Legacy Clearing Inefficiencies  Augustus aims to disrupt the correspondent clearing market, where established players like Citi and JPMorgan dominate. Citi alone reported $6.1 billion in clearing-related revenue in Q1 2026, a clear indication of the lucrative market Augustus wants to capture. But Dabitz argues that legacy banks cannot fully rebuild their systems to accommodate programmable money or AI-driven processes.  “The short answer is replacing them,” Dabitz said, emphasizing that Augustus‘ advantage lies in designing AI and stablecoin workflows from scratch rather than retrofitting decades-old infrastructure. The bank’s

05-16Industry

AssemblyAI Launches Voice Agent API for $4.50/hr

AssemblyAI has unveiled its new Voice Agent API, a production-ready solution for building real-time voice agents, priced at a flat $4.50 per hour. The API integrates speech-to-text, large language model (LLM) routing, and voice generation into a single connection, aiming to simplify deployment for businesses adopting conversational AI. The announcement positions AssemblyAI in a rapidly evolving market dominated by players like OpenAI and SoundHound AI.  Built on AssemblyAI‘s Universal-3 Pro automatic speech recognition (ASR) system, the Voice Agent API operates with an end-to-end latency of approximately one second, enabling seamless, near-instantaneous interactions. Key features include speech-aware voice activity detection (VAD) for turn-taking, JSON Schema-based tool calling for backend integrations, and a 30-second reconnect window for session continuity. These features underline AssemblyAI’s focus on delivering enterprise-grade functionality for voice-driven applications.  Voice agents have seen significant advancements in 2026, with major developments in real-time speech-to-speech processing. Just last week, OpenAI launched its own voice intelligence capabilities, including GPT-Realtime-2 for conversational reasoning and multilingual support. Similarly, SoundHound AI showcased voice commerce capabilities at CES earlier this year, highlighting the increasing integration of voice agents into consumer and enterprise environments.  AssemblyAIs decision to offer flat-rate pricing at $4.50 per hour diverges from the usage-based billing models typically

05-16Industry

OKX Targets South Korea Entry With Proposed 20% Coinone Investment

Global exchange OKX is reportedly seeking to acquire a in South Korean exchange Coinone alongside Korea Investment & Securities, in what could become one of the most significant foreign-linked investments in the countrys digital asset sector in years.  According to industry sources, the two firms are discussing plans to each acquire roughly 20% of Coinone through a capital raise structured around newly issued shares rather than purchases from existing shareholders. The approach would inject fresh capital into the exchange while avoiding immediate changes to management control.  Coinone is currently controlled by a group of domestic shareholders led by The One Group, which holds a 34.3% . Other major shareholders include Com2uS Holdings, Com2uS Plus, and Coinone founder and CEO Cha Myung-hoon, who also controls The One Group.  While the proposed investment is being framed primarily as a financial partnership, market observers believe OKX could eventually seek a more strategic role in the business. If that were to happen, it would represent only the second notable attempt by a major overseas exchange to gain influence over a Korean won-based trading platform, following Binances investment in Gopax parent company Streami.  The discussions come as South Korea reassesses its approach to digital asset regulation. Policymakers and regulators

05-16Industry

ChatGPT Adds Personal Finance Tools for U.S. Pro Users

OpenAI has introduced a new personal finance feature to ChatGPT, allowing Pro users in the U.S. to securely link their financial accounts and receive tailored, AI-powered guidance. The feature was announced on May 14, 2026, and marks a significant step in OpenAIs integration of financial tools with conversational AI.  The system leverages GPT-5.5, OpenAI‘s latest reasoning model, to analyze users’ financial data and personal goals. By connecting over 12,000 financial institutions via trusted platforms like Plaid, ChatGPT provides users with a comprehensive dashboard that visualizes their spending, subscriptions, investments, and more. This deeper financial context enables ChatGPT to assist with budgeting, goal-setting, and financial planning in a way that feels more personalized and actionable.  More Than Just a Dashboard  Users can ask ChatGPT questions like, “How can I save an extra $500 a month?” or “Whats the best way to pay off my credit card debt?” The AI combines account data with user-provided context—such as upcoming expenses or savings goals—to deliver practical advice. ChatGPT can also save key financial details in its “financial memories,” making future conversations more relevant.  For example, if a user mentions theyre saving for a car purchase, ChatGPT will incorporate that goal into its recommendations. This functionality builds on personalization

05-16Industry
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