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According to sources, NVIDIA (NVDA.O) CEO Jensen Huang is expected to attend a meeting at the White House on Tuesday local time.

Insiders reveal that OpenAI President Greg Brockman will attend the White House's artificial intelligence conference.

According to CoinDesk, French Hill, the chairman of the U.S. House Financial Services Committee, stated that tokenization has shifted from being viewed as a "futuristic" concept during the discussions of FIT21 and the CLARITY Act to a reality that is happening in real-time.He said, "We may really be tokenizing an asset like a real security— in fact, we are doing that right now."

President Xi Jinping will hold talks with U.S. President Trump at the White House on the morning of September 24, local time.

Patrick Witt, the Executive Director of the White House Digital Asset Advisory Committee, defended President Trump's cryptocurrency connections at the Financial Markets Quality conference held at Georgetown University on Wednesday, denying that his personal crypto interests led to the failure of the Clarity Act in the Senate last week. He stated that the Democrats have politicized the issue and questioned why the recently passed housing bill did not require strict government ethics review provisions. The negotiations for the Clarity Act have consistently failed to bypass ethical controversies, which target conflicts of interest in cryptocurrency held by senior government officials, with Trump being a primary target.Witt stated that Trump agreed to two unprecedented ethical provisions: in addition to ultimately being willing to accept rules mandating the divestment of crypto assets or placing them in a blind trust, the White House is also prepared to concede by allowing state attorneys general to sue him if the federal government fails to address ethical violations. He also mentioned that the accusation of Trump having a conflict of interest while controlling crypto assets and leading digital asset policy is "quite ironic," as several senators on the banking committee involved in the discussions hold and actively trade stocks of financial services companies they regulate.Witt's main responsibility is to push the Clarity Act into law, which faced setbacks in the Senate last week. He stated at the CoinDesk policy and regulatory event on Tuesday that the focus is not on the year-end lame duck session, but rather on the core work shifting towards federal regulatory agencies like the Securities and Exchange Commission. He also accused banking lobbyists of pushing to shelve the bill due to concerns that stablecoin rewards might compete with interest-bearing bank deposits, claiming that this opposition was initiated by large banks and spread to community banks.

White House officials stated that reports regarding the Trump administration considering a ban on diesel exports are "fake news." Previously, there were market rumors that the U.S. might implement a 90-day restriction on diesel exports, causing U.S. ultra-low sulfur diesel futures to drop more than 7% at one point, while European diesel futures rose over 7% due to supply concerns.

The U.S. House Financial Services Committee passed the amended H.R. 8957, the U.S. Reserve Modernization Act, with a vote of 28 to 21, aiming to incorporate the U.S. strategic Bitcoin reserve and digital asset reserve program into federal law. The bill proposes that Bitcoin legally held by the federal government and without other statutory purposes must be held for at least 20 years from the effective date of the bill, during which it cannot be sold, exchanged, auctioned, pledged, or disposed of in any other way.The bill still needs to be passed by the House, the Senate, and signed by Trump. The bill also requires the Treasury Department to establish relevant reserves within 180 days of its enactment and to publish an annual reserve certification report covering holdings, transactions, and private key control. The Treasury Department and the Department of Commerce will study legal and budget-neutral ways to increase Bitcoin holdings, but this provision does not authorize direct purchases.

Crypto KOL Kuai Dong (@_FORAB) posted that Fox has released the list of American entrepreneurs for the China-U.S. banquet, which is scheduled to be held this Thursday at the White House.The list includes Tesla CEO Elon Musk, Amazon founder Jeff Bezos, NVIDIA CEO Jensen Huang, OpenAI CEO Sam Altman, Alphabet CEO Sundar Pichai, Dell Technologies founder Michael Dell, Apple Executive Chairman Tim Cook, Citigroup Chair Jane Fraser, and Qualcomm President Cristiano Amon.

According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is fulfilling its earlier commitment to rapidly advance cryptocurrency regulatory rules. Previously, a landmark digital asset bill failed to progress in the U.S. Senate this week.As the futures and swaps regulatory agency that was originally set to become the main regulatory body for the cryptocurrency market under the CLARITY Act, the CFTC has submitted a new proposal aimed at regulating cryptocurrency asset trading and markets for White House review. Information released by the Office of Management and Budget (OMB) on Friday indicates that the proposal was accepted on Thursday.

On Wednesday, the U.S. House Financial Services Committee advanced the American Reserve Modernization Act (H.R. 8957) with a vote of 28 in favor and 21 against. All 28 votes in favor came from Republicans, while all 21 votes against came from Democrats. The bill requires the Treasury Department to establish a Bitcoin strategic reserve and digital asset reserve within 180 days and mandates federal agencies to report their held assets within 60 days.The Bitcoin included in the reserve cannot be sold, exchanged, auctioned, or mortgaged for 20 years. The revised text removes provisions for purchasing more Bitcoin using Federal Reserve funds, gold certificates revaluation, and tariff revenue, adjusting the frequency of reserve proof reporting from quarterly to annually. The bill does not authorize the purchase of Bitcoin but only requires the Treasury and Commerce Departments to study acquisition plans with no cost to taxpayers.

The White House spokesperson stated that the Federal Reserve's interest rate hike is "quite regrettable." Higher rates will not change oil prices.U.S. President Trump still believes in the independence of the Federal Reserve.

The House Committee on Ways and Means passed the "Digital Asset Tax Clarification Act" with a vote of 38 in favor and 5 against, establishing the first federal tax framework for digital assets. The bill sets a threshold for taxation, stating that cryptocurrency transactions with network or transaction fees not exceeding $10 are exempt from taxes, but this exemption does not apply to service providers conducting transactions on behalf of others, and the relevant provisions will not take effect until December 2027.The bill also requires the Treasury Department to establish a voluntary disclosure program for digital assets within 12 months of the bill's enactment, allowing eligible taxpayers to amend previous filings and settle owed taxes, interest, and penalties. The bill specifies that income from mining and staking will be taxed as ordinary income, while allowing certain investment trusts to stake without affecting their tax status. The previous version included an option for deferred income recognition, but that provision has been removed, and the issue of income recognition timing remains unresolved.Committee Chairman and Republican Congressman Jason Smith called it a historic moment for the committee. This vote took place the day after the Senate's procedural vote on the "Clarity Act" failed (49 votes to 50), with Democrats opposing the bill mainly due to ethical concerns raised by Trump's cryptocurrency interests. The House will recess until after the November elections, and the bill may advance during the lame-duck session, with public attention shifting to the Senate Finance Committee.

Crypto journalist Eleanor Terrett posted on the X platform, stating that although the CLARITY Act has been stalled in the U.S. Senate, the House of Representatives will continue to advance several cryptocurrency-related legislations today. At 10 AM Eastern Time, the House Ways and Means Committee will review and amend a cryptocurrency tax bill.Meanwhile, the House Financial Services Committee will also begin reviewing several bills, including the House Strategic Bitcoin Reserve Act proposed earlier this year by Congressman Nick Begich.

Sihao Huang, who previously served as a Senior Policy Advisor for Artificial Intelligence and Emerging Technologies at the White House Office of Science and Technology Policy (OSTP), announced his joining of Anthropic as the Head of Frontier Computing Strategy. He stated that he will collaborate with Anthropic's Computing Lead Tom Brown to advance infrastructure expansion, build industry coalitions, and develop plans for the rapid advancement of artificial intelligence.Huang mentioned that during his time at the White House, he was involved in promoting U.S. artificial intelligence policy and related industry infrastructure development, and this new position will bring him closer to the frontier technologies that are continuously influencing significant policy decisions.

OpenAI supports the FRONTIER Act proposed by both parties in the U.S. House of Representatives, which requires leading artificial intelligence companies to bring in external assessment organizations to ensure model safety.Chris Lattner, OpenAI's head of global affairs, stated that the company supports the key provisions of the bill and met with the sponsors on Capitol Hill to discuss arrangements for independent verification organizations.

According to Semafor, the White House Council of Economic Advisers (CEA) will launch an interactive tool on Tuesday that allows users to set parameters and run scenarios to support its previous conclusion that "there is no substantial correlation between the growth of stablecoins and the loss of deposits at community banks."This move aims to garner support from Senate Republicans to advance the CLARITY Act and respond to banking groups, which stated on Monday that the latest modifications to the bill are still insufficient to alleviate their concerns about the stablecoin provisions. Several Republican senators hinted at the possibility of voting against it, while pro-crypto Democrats expressed dissatisfaction that the ethical provisions do not sufficiently constrain Trump. The bill requires at least 60 votes to advance.

The Chairman of the U.S. House of Representatives' Ways and Means Committee, Jason Smith, announced the 114-page "Digital Asset Tax Clarification Act" (H.R. 10357), which aims to exempt taxes on network or transaction fees below $10, and will hold a committee review on September 16 at 10 AM. The bill stipulates that users with more than 5,000 transfers in the previous year are not eligible for the aforementioned fee exemption.Another accompanying bill aims to include digital assets in wash sale rules and presumption of sale rules, but excludes qualified stablecoins, expecting to increase revenue by $2.074 billion from fiscal years 2026 to 2036. The accompanying bill also proposes to allow miners and stakers to defer income from newly generated tokens until the time of sale, with an expected ten-year fiscal cost of $2.956 billion. Republican members of the committee are considering removing the relevant provisions or limiting the deferral period to five years.

TOP Chinese Technology Innovation Society states that Yan Wentao, a partner at Hillhouse Capital, is expected to join DeepSeek as CFO, with an anticipated start date soon.DeepSeek has begun preparations for its Sci-Tech Innovation Board IPO, with CITIC Securities currently conducting due diligence, but both parties have not yet signed a formal listing advisory agreement. DeepSeek hopes to initiate the IPO process this year.Yan Wentao is a post-90s partner at Hillhouse Capital, responsible for technology investments for a long time, with publicly disclosed investment projects including ByteDance, MiniMax, and Zhipu AI. DeepSeek currently does not have a CFO or a formal investor relations team.