The Clarity Act Stalls in the Senate, Cryptocurrency Bill Fails to Pass Key Vote

Republican senators in the United States are considering expediting the legislative process to advance the Ratepayer Protection Act related to data centers ahead of the November elections. The bill aims to require data centers to pay for their own electricity usage and bear the costs of infrastructure upgrades, preventing these costs from being passed on to ordinary households and businesses. The House of Representatives is expected to pass this bipartisan bill with broad support as early as Tuesday.

OpenAI is currently engaging with investors for a new round of private fundraising, targeting a valuation of 1.2 trillions dollars, which represents a significant jump from 852 billions dollars in March this year. The report indicates that these discussions were initiated by investors, rather than led by OpenAI itself. Meanwhile, debates over AI safety regulation are intensifying, with Altman strongly supporting industry self-regulation and opposing government-mandated intervention.

US Treasury Secretary Janet Yellen stated that there are "ways" to implement the plan without increasing the deficit, but did not disclose specific cost-offset measures. She noted that the Treasury has studied this for "quite some time," and emphasized that "putting more money in Americans' pockets should be everyone's goal." House Speaker Mike Johnson said he had communicated with the President on this issue the previous night, but specific details have not yet been finalized, and it will take some time before the plan is implemented.