Odaily News, August 14 - Former SEC staff member Anne Kelley stated that even if the CLARITY Act passes smoothly, the SEC and CFTC would still need to draft accompanying implementation rules, a process that would take at least several months and would not take effect immediately.
Kelley noted that the SEC's upcoming public meeting on tokenization innovation exemptions is only the first step in the proposed rulemaking process, which will still require procedures such as public comment periods. Formally binding rules must comply with the U.S. Administrative Procedure Act (APA) to ensure they can withstand judicial review.
If the CLARITY Act is passed during the rulemaking period, regulators would not need to start over; they could modify existing proposals and continue by issuing a Supplemental Notice of Proposed Rulemaking (SNPRM). Kelley cited the GENIUS Act as an example, noting that although the bill was passed a year ago, it has still not been fully implemented, partly because the accompanying rulemaking takes time.
1. Tether completes its largest-ever financial audit, with KPMG issuing an unqualified opinion;
2. Robinhood's second venture fund raises $200 million through its initial public offering;
3. Agent of the "1011 insider whale": Watching for SpaceX's next unlock window; Bitcoin still awaits a breakout signal;
4. Vida trims one-third of its BTC position, predicting a potential decline to $45,000–$55,000 over the next 1 to 3 years;
5. U.S. CFTC's new advisory committee on innovation to hold inaugural discussions on crypto assets, AI, and prediction market regulation;
6. Bullish reports a 62% year-over-year increase in adjusted Q2 revenue, plans to build an end-to-end platform for security tokenization;
7. Issuance plan delayed: Trump family crypto project WLFI postpones sale of tokenized Maldives resort;
8. Insider trading case involving Futu and Tiger Brokers options significantly narrowed to 47 accounts controlled by 45 individuals, with total illicit gains of $155 million;
9. Harbor Capital launches 5 AI-ecosystem-themed ETFs, covering OpenAI, Anthropic, and others;
10. Sharplink expands its ETH treasury strategy, staking $200 million in ETH on Lido;
11. AI code review platform CodeRabbit raises $143 million in funding, led by Atomico and others.
Odaily News: OpenAI's annualized revenue run rate has surpassed $40 billion, nearly doubling from over $20 billion at the end of 2025, with month-over-month revenue growth exceeding 20% in July alone.
In addition to ChatGPT subscription business, AI coding products such as Codex are also contributing more to this round of revenue growth, and the nascent advertising business has begun generating revenue. Demand for recently launched Agent products such as ChatGPT Work and Codex has also seen significant growth.
By comparison, Anthropic disclosed in May that its annualized revenue had exceeded $47 billion, but the two companies may use different calculation methodologies, making the figures not directly comparable. Both companies have now confidentially filed for IPOs, with Anthropic potentially going public as early as this fall. (Bloomberg)
Odaily News: According to Gate market data, spot gold has fallen below the $4,330 per ounce mark, down 0.48% on the day.
Odaily News According to SoSoValue data, yesterday (August 13, Eastern Time), XRP spot ETFs recorded a total net inflow of $2.2531 million in a single day.
Yesterday, only the Bitwise XRP ETF (XRP) saw net inflows, with a single-day net inflow of $2.2531 million, bringing its historical total net inflow to $512 million.
As of press time, the total net asset value of XRP spot ETFs stands at $942 million, with an XRP net asset ratio of 1.49%, and a cumulative historical net inflow of $1.513 billion.
Odaily Planet Daily News GMGN data shows that the Solana-based Meme coin MOMOTA experienced a rapid surge, with its market cap briefly exceeding $5 million. It is now reported at approximately $4.5 million, marking a daily increase of over 170%.
Odaily reminds users that Meme coin prices are highly volatile, and most lack real-world use cases. Please protect your assets and avoid FOMO.
Odaily News: Lighter officially announced that it has partnered with Robinhood Wallet to launch a points program.
Although Lighter has not explicitly stated the use of the points, community users have discovered that Robinhood Wallet documentation indicates Lighter has committed to allocating 11 million LIT tokens to the Robinhood community.
Odaily News: CFTC Chairman Michael S. Selig has unveiled the agenda for the inaugural meeting of the Innovation Advisory Committee, scheduled for August 20 in Washington. The meeting will focus on topics including crypto asset regulation, artificial intelligence, and prediction markets, and will be streamed live via the CFTC's official website.
Selig stated that he looks forward to discussing with committee members how emerging technologies and financial products are shaping markets and driving financial innovation. The public may submit comments on matters related to this meeting until August 27.
