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Crypto Bill Advances Amidst Wealth Concerns & Drug War Doubts

Here's a news article synthesizing the provided sources:

Crypto Bill Advances as Senator Drops Contentious Amendment

A major crypto bill, known as the Clarity Act, moved closer to passage after Senator Roger Marshall withdrew a politically charged amendment related to credit card fees, according to Fortune. The amendment, which would have forced credit cards to compete on swipe fees, faced opposition from other Republicans and threatened to stall the broader crypto legislation.

Marshall's decision to drop the provision was welcomed by the crypto industry, which had been facing weeks of uncertainty surrounding the bill, Fortune reported. The Clarity Act aims to regulate and further legitimize digital assets and has garnered bipartisan support.

In other news, Anthropic CEO Dario Amodei, along with the other six cofounders of the company, are planning to give away 80% of their wealth, Fortune reported. Amodei expressed concern about the increasing concentration of wealth, stating, "The thing to worry about is a level of wealth concentration that will break society." He noted that Elon Musk's net worth already exceeds that of John D. Rockefeller during the Gilded Age, and he anticipates that artificial intelligence will further exacerbate this issue.

Meanwhile, Ryan Serhant, founder and CEO of real estate referral network Serhant, challenged the notion of homeownership as the American Dream, Fortune reported. "I think it was a slogan created by banks to create interest income on home loans," Serhant said in an interview with The CEO Series. He drew a parallel to student debt, arguing that both were mechanisms to generate interest payments.

On a different front, U.S. military strikes on suspected narco-boats have had limited success in stemming the flow of illegal drugs, according to NPR. Despite numerous lethal strikes, drug flows continue, allies are expressing concern, and Caribbean fishermen are reporting threats to their livelihoods.

Lastly, three crypto companies are exploring ways to generate yield on the $4.6 billion "tokenized gold" market, Fortune reported. This comes as the price of gold has risen significantly in the past year.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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