The Senate failed to advance the Digital Asset Market Clarity Act Tuesday, with a 49-50 vote falling short of the 60 needed to proceed. The bill, which aimed to divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, faced opposition over ethics concerns related to President Donald Trump. Sen. Thom Tillis, R-N.C., voted no to preserve the right to reconsider, leaving little chance for the bill to become law this year.

By focusing on asymmetric downside factors, a sell model may help identify vulnerable stocks and support long-term outcomes.

Artificial intelligence and machine learning are transforming fixed-income trading by addressing the challenge of fragmented information. AI, particularly generative AI, can process large volumes of unstructured data, while machine learning excels at structured prediction, such as bond valuation, writes Alex Evangeli.

Fnality, which enables wholesale DLT settlement using tokenized central bank money, has appointed former Bank of England Deputy Governor Jon Cunliffe as chair of its UK subsidiary. The company also has named former Bundesbank executive Jochen Metzger and former De Nederlandsche Bank executive Ron Berndsen to a supervisory board at its European subsidiary, which is preparing for the euro system. The appointments come as Fnality's US subsidiary seeks an extension of its status as a state-chartered innovation bank.

Hong Kong will create an electronic trading platform for fixed income and currency as part of its first Five-Year Plan to deepen and broaden local markets and support yuan internationalization. The plan includes modernizing the Central Moneymarkets Unit, expanding the Southbound Bond Connect scheme and exploring a central counterparty for repurchase agreement transactions.

Sense Street and S&P Global Market Intelligence have partnered to enhance automation in the primary bond market by turning unstructured chat communications into structured data. This data is input directly into S&P's IssueBook application, reducing manual processing and improving operational efficiency.

India's Demat 2.0 pilot for tokenized bonds has seen two more issuances following the inaugural issuance by REC. L&T raised 5 billion rupees from four investors, and IIFL raised 250 million rupees from a single investor, bringing the pilot's total to 10.25 billion rupees. The bonds are natively digital, issued as tokens on a distributed ledger technology network owned by the National Securities Depository and Central Depository Services. The pilot is in its first stage, with future stages planned to include retail investors and secondary market trading.

The GENIUS Act, signed last year by President Donald Trump, creates a regulatory framework for stablecoins in the US, with supporters including Treasury Secretary Scott Bessent and Donald Trump Jr. arguing that stablecoins will reinforce the dollar's global dominance by increasing demand for US Treasury bills. However, economists such as Eswar Prasad and Amit Seru say the impact on interest rates might be limited, with the law requiring stablecoin issuers to invest in short-term assets.

Feedback collected by the Bank of England and the Financial Conduct Authority in 2026 confirms that improved collateral mobility is seen as the chief advantage of tokenization in wholesale markets. Respondents highlighted the ability to move and reuse collateral more quickly, especially for functions like margin calls outside traditional business hours. While benefits such as 24/7 trading and atomic settlement were noted, these were typically mentioned only in the context of collateral management.