The House of Representatives has trimmed its September calendar down to only four voting days, sharply reducing the window for lawmakers to act on pending legislation. Among the bills losing time is the CLARITY Act, considered the crypto industry's top remaining legislative priority in Congress.
Elon Musk's super PAC, America PAC, disclosed its first midterm expenditures to the FEC, spending over $800,000 across seven Senate contests and several House races. The largest chunk, more than $247,000, went to Texas to boost Republican Ken Paxton against Democrat James Talarico, with additional funds directed to Maine, Ohio, New Hampshire, Iowa, Michigan and Alaska. The spending, categorized as mail advertising, marks the start of what Musk has reportedly pledged could grow to $120 million in Republican-focused election spending.