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21:24
The Chamber of Digital Commerce launches website to promote the passage of the Clarity Act
According to reports, the US Chamber of Digital Commerce has launched a new website to provide the public with a way to express support to lawmakers and promote the passage of the Clarity Act within this year. Chamber of Digital Commerce CEO Cody Carbone stated that Congress needs to respond to the public’s expectations for this bill. The bill passed the House of Representatives last year but was put on hold in the Senate for several months due to issues such as stablecoin rewards. Although disputes have been resolved, ethical and DeFi concerns still remain. Reportedly, more than 70 million crypto holders across the United States need the protection of this act.
21:14
Gap’s management stated during the conference call that the performance of its seasonal women’s wear business in the second quarter still fell short of the company’s previously established targets.
The continued weakness in this business segment reflects the challenges the company faces in a rapidly changing fashion retail environment.
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