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The US House of Representatives has passed a bill that would restrict members of Congress from trading stocks, aiming to reduce conflicts of interest. The legislation is part of broader efforts to increase transparency and ethical standards among lawmakers. The bill now moves to the Senate for consideration. In other news, Tesla continues to hold 11,509 BTC, with no purchases or sales in nearly four years, and has recorded a $112 million impairment loss. Multicoin Capital stated it has no plans to sell HYPE and remains bullish on Zama and Zcash. President Trump predicted a government shutdown in September. The SEC issued a statement indicating that Vault and on-chain lending may involve securities regulation. OpenAI plans to build a data center campus in Georgia worth at least $20 billion. Tesla reported Q2 revenue of $28.24 billion, up 26% year-over-year, while Alphabet posted Q2 revenue of $119.8 billion, up 24%. Japan is considering launching a Bitcoin ETF by 2028, with individual investors expected to be a major source of inflows.
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