In recent crypto news, US Senator Tim Scott indicated that he anticipates bipartisan support from Democrats for the Digital Asset Market Clarity (CLARITY) Act. Speaking at the Wyoming Blockchain Symposium, Scott highlighted past successes with the GENIUS Act, predicting that between 12 to 18 Democrats could back the more complex CLARITY legislation. Meanwhile, Tether announced the appointment of former White House Crypto Council director Bo Hines as a strategic adviser, aiming to bolster its presence and partnerships in the US market. Hines previously engaged in fostering digital asset initiatives during the Trump administration. Lastly, Bitcoin investor Chamath Palihapitiya has filed for a $250 million SPAC focused on decentralized finance, AI, and other sectors, reflecting a shift in his investment strategy towards these areas instead of Bitcoin itself. This SPAC aims to bridge traditional finance with blockchain technology, yet faces inherent risks based on Palihapitiya's mixed success with past SPAC endeavors.

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