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US inflation jumps, though long-term war impact yet to be seen Hospitals consider replacing some radiologists with AI Amazon takes a jab at Nvidia over chips shift VCs step in to fund university upstarts Exclusive: Anthropic is gaining on OpenAI’s revenue, but hasn’t yet eclipsed it Exclusive: AI powerhouses threaten data processing firms A South African artist is changing the way viewers understand Picasso’s Guernica Airbnb faces familiar battle in Cape Town First look at war-related inflation sparks political jostling View: China’s state businesses are reshaping markets in Africa US issues Nigeria travel warning over terrorism, kidnapping FirstRand exits UK business after regulatory hit Afreximbank’s $800M answer to Fitch Exclusive: Navy takes nuclear-powered sub offline after $800 million cost run-up Cuba leader says he will not step down Fed, Treasury summon Wall Street chiefs over AI fears How Bluesky earned its reputation — and why it could be the way of the future China eyes stronger Taiwan influence Orbán slams Hungary’s opposition as he trails in polls Iran war reshapes air travel, perhaps for the long term Tehran residents embrace calm amid tenuous truce Countries lack fiscal capacity to handle war fallout Higher producer prices ease China deflation fears Trump ‘optimistic’ on Iran peace talks Inside the five-year succession plan at a $130B warehouse giant Georges Elhedery on HSBC’s big bets on the Gulf and Asia Warsh’s Fed hearing slips past next week Moore takes on the Sun’s ‘MAGA billionaire’ and more Debatable: AI titans influencing regulation Americans still think taxes are too high, poll finds
Exclusive: Window shrinks for Congress crypto deal
Eleanor Mueller · 2026-06-25 · via Semafor

Lawmakers are still hoping to get a bill on the Senate floor in July, Sen. Cynthia Lummis, R-Wyo., told Semafor. She and Sens. Kirsten Gillibrand, D-N.Y., Bernie Moreno, R-Ohio, and Ruben Gallego, D-Ariz., are among those trying to triangulate an ethics agreement with the White House that can win Trump’s approval while also delivering the Democratic votes necessary to pass the broader package.

The still-evolving deal is not expected to cover the president’s adult children, people familiar with the talks told Semafor on Wednesday, even though most of the Trumps’ crypto business is conducted by his sons and, as a result, would likely remain mostly unaffected. A Democratic staffer involved in the talks said “there’s no way” for lawmakers to write the adult children into the legislation, noting that “there’s not a single ethics rule or law that does so.”

“The president has to be included,” Warner said of the ethics provisions, “and it also has to be enforceable during his term.”

It’s still unclear exactly when the provisions, which officials have yet to present to Trump, would take effect. It’s also unclear how they would be enforced or whether they would extend to presidents’ spouses.

“My view is that safeguards against insider dealing should apply to all of us public officials” and “our partners are under that, especially in the case of the president,” Sen. Peter Welch, D-Vt., said. “They have all the inside information that raises questions in the public.”

One final hurdle: The House must also advance whatever the Senate passes. House Financial Services Chair French Hill, R-Ark., who just emerged from a bruising bicameral brawl over housing affordability legislation, has so far declined to commit to advancing the upper chamber’s proposal without changes, telling Semafor last month: “It’s not over til it’s over.”