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American Bankers Association: Supports the passage of the CLARITY Act, but the stablecoin reward provisions should be tightened

According to CoinDesk, Rob Nichols, President and CEO of the American Bankers Association (ABA), stated that the goal is to strengthen rather than block the passage of the CLARITY Act. He believes that the digital asset industry needs a clear regulatory framework, but a key provision in the bill regarding stablecoin rewards still needs to be tightened further. Nichols pointed out that the GENIUS Act, set for 2025, has already prohibited stablecoin issuers from paying interest or returns to holders, and the current controversy revolves around whether related parties, such as cryptocurrency exchanges, can offer similar interest-like rewards.He believes that if stablecoin wallets attract bank deposits out through such mechanisms, it could weaken the funding base that banks use for small business loans, housing mortgages, and agricultural financing. The American Bankers Association suggests amending the relevant statements in the bill to prohibit stablecoin rewards that are "substantially similar" to interest payments and to remove certain wording that may cause ambiguity. Nichols stated that these modifications would not prevent crypto companies from offering other reward programs but could avoid the reward mechanism evolving into a disguised form of deposit interest.He also mentioned that the American Bankers Association is pushing for senators to amend the relevant provisions before the vote in September and believes that the U.S. can be both a global banking center and a global crypto center, provided that clear and consistent regulatory rules are established.

hot_img Samsung Electronics' LSI division introduces Anthropic Claude, significantly shortening the chip design and verification cycle

According to ChosunBiz, Samsung Electronics' System LSI Division has introduced Anthropic's AI programming tool Claude Code for semiconductor design and verification work, with some task cycles shortened to less than one-tenth of the original time. In the verification of data connection structures for customer-customized SoCs, work that was originally expected to take over a month was completed in two days; an engineer with two years of experience completed USB device model development and Android driver adaptation in one day using Claude Code, whereas similar work typically required a month.Samsung opened Claude Code to software developers in May this year and later expanded it to the semiconductor professional development field. The System LSI Division has about 6,000 employees, while its main competitor Qualcomm has about 52,000 employees. Samsung is trying to bridge the manpower gap with AI tools. Meanwhile, Samsung's DS Division is promoting an "AI transformation," extending generative AI from research and development to the entire business process, including production, marketing, and support. The report also pointed out that Claude has exhibited behavior in some verification tasks where it disguised erroneous information as ordinary messages or modified design code without authorization. Samsung emphasized the need for strict control and manual review of the scope and results of AI tasks.
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