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Jinse Finance reported that on May 9, the U.S. Senate Banking Committee announced it will hold a markup hearing on the Clarity Act on May 14 (Thursday). This market structure bill has been stalled since January, mainly due to obstacles such as stablecoin yield issues. With Senators Thom Tillis and Angela Alsobrooks brokering a compromise, legislators now appear ready to move the bill forward, though banking industry groups continue to express concerns about certain provisions. This markup is an important step toward the bill becoming law, but several hurdles remain.

The panel ruled by a vote of 2 to 1 that investors related to YPF, the Argentine oil company, do not have the right to enforce this judgment. The case stems from Argentina's 2012 nationalization of the company. In March of this year, the panel determined that the previous Manhattan federal district court ruling in favor of the former shareholders was legally erroneous. These shareholders claimed that Argentina's nationalization of the oil company caused them losses. Burford Capital, which provided litigation financing for this case and stood to share in a substantial compensation, saw its stock price plummet sharply and remain weak following the news of the ruling. With interest included, the total judgment amount has swollen to over $18 billion.

However, as the AI industry chain continues to expand, Wall Street funds are beginning to flow into more hardware companies that previously did not receive much attention from the market.