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Legal experts from both oversight groups noted that the ethics language released in the Senate draft was narrowly drawn and created major statutory exemptions. According to the advocacy groups, the proposed draft grandfathered in existing cryptocurrency holdings and financial arrangements while omitting robust enforcement mechanisms. The organizations asserted that the legislative language effectively immunized pre-existing commercial ventures from federal oversight. To establish meaningful reform, the watchdogs demanded a comprehensive prohibition precluding all covered government officials from holding direct financial stakes, trading digital assets, or receiving revenue from pre-existing licensing and profit-sharing agreements.

Ethics groups warn lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act in new Senate report. The post Ethics watchdogs urge total ban on official crypto holdings appeared first on Arabian Observer: Observe more. Understand Arabia..

The European Central Bank keeps interest rates precisely steady this July to evaluate regional inflation and broader energy risks. The post European Central Bank keeps interest rates at current levels appeared first on Arabian Observer: Observe more. Understand Arabia..

UAE Minister Abdulla bin Touq Al Marri and Gujarat CM Bhupendra Patel attend Investopia Dialogues in Ahmedabad to bolster ties. The post UAE investment platform Investopia hosts fifth India edition appeared first on Arabian Observer: Observe more. Understand Arabia..

Private sector wage growth hits six year low in the UK as ONS reports falling vacancies and steady 4.9% unemployment. The post UK private sector wage growth falls below 3 percent threshold appeared first on Arabian Observer: Observe more. Understand Arabia..

Indonesia’s B50 biodiesel programme could save US$10.8 billion in 2026 while cutting diesel imports and increasing domestic palm oil use. The post Indonesia B50 biodiesel to save US$10.8 billion in 2026 appeared first on Arabian Observer: Observe more. Understand Arabia..

Oil prices surged more than 4% as Brent closed above $88, while reduced Strait of Hormuz traffic tightened Gulf energy flows during the week. The post Oil prices surge 4% as Brent crude closes above $88 appeared first on Arabian Observer: Observe more. Understand Arabia..

Indonesia’s $20.9 billion Abadi Masela LNG project targets $37.8 billion in state revenue, 12,000 jobs and greater domestic gas supply. The post Abadi Masela LNG opens new phase in Indonesia energy plan appeared first on Arabian Observer: Observe more. Understand Arabia..

The United States will impose a 25% tariff on thousands of Brazilian imports from July 22, while coffee, beef and aircraft remain exempt. The post US adds 25% duty on Brazil imports beginning July 22 appeared first on Arabian Observer: Observe more. Understand Arabia..

U.S. consumer prices fell 0.4% in June as annual inflation slowed to 3.5%, driven by lower gasoline and broader energy costs nationwide. The post US inflation falls to 3.5% as energy prices retreat appeared first on Arabian Observer: Observe more. Understand Arabia..