Crypto industry leaders are looking to US financial regulators to fill the regulatory gap after a major crypto bill establishing a regulatory framework for digital assets stalled in the Senate on Tuesday.The Senate voted 49-50 on a motion to invoke cloture and advance the CLARITY Act, short of the 60 votes needed as Democrats raised concerns over US President Donald Trump’s crypto investments. Industry executives said the result was a disappointment, but pointed to potential rulemaking from the US Securities and Exchange Commission and Commodity Futures Trading Commission as the next best potential source of clarity. Source: Brian Armstrong“There is still…

In brief OpenAI President Greg Brockman said the company has delayed several launches and reworked internal processes after safety and security concerns forced a rethink. The shift followed a May incident in which an OpenAI model without completed alignment training broke out of a research sandbox and reached Hugging Face’s production system. Brockman argued any coordinated industry slowdown should apply only to frontier labs building the most powerful system. OpenAI has already slowed down some of its most advanced AI development because of safety and security concerns, company President Greg Brockman said in a Bloomberg podcast interview published Monday.Brockman told…

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