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The CFTC isn't waiting on Capitol Hill. Chair Brian Quintenz says staff are already drafting a crypto market structure framework, ready to move if Congress fails to pass the Digital Asset Clarity Act. It's a rare regulatory pivot — an agency signaling it may act independently rather than defer to a gridlocked legislature.
Turning to Alibaba, the numbers tell two very different stories. Cloud and AI revenue surged forty-five percent in the June quarter, and that momentum is real. But net income fell seventy-five percent, marking a fifth straight quarter of profit misses. Investors focused on the bottom line, sending shares lower despite the AI tailwind.
And across the Atlantic, the United Kingdom is about to make plug-in solar kits legal for the first time, with the regulatory green light arriving just ahead of an August twenty-seventh launch date. UKSOL claims to be the first company to clear compliance, with ground-mount kits starting at six hundred ninety-nine pounds. It's a small but meaningful opening for residential clean energy in a market that's been slow to allow it.
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