Senator Lummis says China will 'write the rules' of the new financial era if CLARITY fails
The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk.
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A national clearinghouse for digital yuan could enhance financial integration, boost transaction efficiency, and strengthen China's digital economy. The post China considers national clearinghouse for digital yuan transactions appeared first on Crypto Briefing.
Read full articleThe Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk.
Tesla's legal challenges in China over FSD could set a precedent, impacting its market strategy and consumer trust globally. The post Tesla faces consumer lawsuit in China over Full Self-Driving feature appeared first on Crypto Briefing.
The EU's shift towards defensive trade policies with China may spur increased interest in alternative assets amid potential market volatility. The post European Commission vows tougher action on trade with China as deficit hits €360 billion appeared first on Crypto Briefing.
The EU's shift towards defensive trade policies with China may spur increased interest in alternative assets amid potential market volatility. The post European Commission vows tougher action on trade with China, calling relationship ‘not sustainable’ appeared first on Crypto Briefing.
China's stagnant factory activity in May could dampen global growth expectations and influence crypto market dynamics negatively. The post China’s factory activity likely remains flat in May, signaling stalled recovery appeared first on Crypto Briefing.
The EU's call for a trade overhaul with China signals potential regulatory shifts, impacting sectors reliant on Chinese imports and risking industrial decline. The post European Union warns trade relationship with China is unsustainable as deficit hits €1 billion per day appeared first on Crypto Briefing.
Insider Brief EngineAI Robotics announced its new factory in China producing the first batch of its T800 humanoid robots. The company claims the new EngineAI Intelligent Manufacturing Base in Shenzhen is capable of producing a new humanoid robot every 15 minutes. “From our first test machine in 2024, to the small-scale production of hundreds of […]
The post China Works on AI Token Futures in Race Against U.S. GPU Compute appeared on BitcoinEthereumNews.com. China is working to design AI token futures contracts, the smallest units of information in AI models. China’s daily AI token usage has surged since early 2024, reaching over 140 trillion tokens by March 2026. China experts are pushing token futures to compete against US GPU compute futures in the global AI race. China’s Shanghai Futures Exchange (SHFE) is in the very early stages of researching and designing artificial intelligence (AI) token-based futures. AI token daily usage in China has surged since early 2024, reaching over 140 trillion tokens per day by March 2026. This move is also partly driven by intensifying AI rivalry with the United States, which is developing GPU compute futures. China Designs AI Token Futures Contracts According to sources, SHFE is researching and designing token-based futures, the smallest units of information processed by AI models, often desc