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U.S. House Majority Whip Tom Emmer has dismissed concerns from law enforcement regarding protections for crypto developers as a distraction. In an interview with CoinDesk, Emmer strongly advocated for the Blockchain Regulatory Certainty Act (BRCA), which would exempt non-custodial DeFi software developers from being regulated as money transmitters. He argued that it is unfair to regulate developers who do not directly hold user funds and that varying state-by-state regulations are stifling innovation. Emmer emphasized that the Clarity Act, which has already passed the Senate Banking Committee with bipartisan support, will enhance the global competitiveness of the U.S. digital asset market. He added that the goal should be a 'light-touch' regulatory approach that limits the authority of regulatory agencies, predicting the legislation will soon pass Congress and receive President Donald Trump's signature.

A new lobbying group, Americans for Fair Markets, has launched in the U.S. to advocate for prediction market platforms ahead of the midterm elections. The group is supported by prediction market platform Kalshi and has brought on Taylor Budowich, a former White House Deputy Chief of Staff for Communications and Cabinet Affairs, as a strategic advisor. The organization aims to counter what it describes as market monopolization attempts and the spread of misinformation by existing sports betting and casino interest groups. Americans for Fair Markets plans to collaborate with the existing Coalition for Prediction Markets, which includes members like Robinhood and Coinbase, on comprehensive legislative and regulatory defense efforts.

U.S. Senator Cynthia Lummis said the CLARITY Act will end the regulatory ambiguity facing American crypto consumers and the industry, Cointelegraph reported.

Federal Reserve Chairman Kevin Warsh stated that inflation can be brought down and that the economy will grow strongly.

Michael Saylor, founder of Strategy, stated that the most interesting development in the Bitcoin ecosystem is the emergence of SATA in the credit market and ASST in the stock market. SATA represents the preferred stock of Strive, a company focused on Bitcoin accumulation, while ASST is its common stock. SATA pays a cash dividend every business day, approximately 250 times a year, offering an annualized dividend rate (APR) of 13.00%. The company sells SATA to investors to raise cash, which it then uses to purchase additional Bitcoin.

U.S. President Donald Trump said Iran desperately wants a deal.

U.S. President Donald Trump said the Federal Reserve (Fed) will make its own decisions.

U.S. President Donald Trump announced on May 22 that Kevin Warsh will now lead the Federal Reserve, expressing his hope that Warsh will perform his duties excellently and independently.

U.S. President Donald Trump said he expects Kevin Warsh would make a great chairman of the Federal Reserve.

Bitcoin spot demand is decreasing at its fastest pace since Jan. 10, according to an analysis by Julio Moreno, Head of Research at CryptoQuant.

A U.S. federal appeals court has rejected a request by prediction market platforms Kalshi and Polymarket to halt lawsuits against them, Bloomberg reported. The U.S. Court of Appeals for the Ninth Circuit denied the companies' request to stop enforcement actions from Nevada and Washington, meaning the cases will now proceed in their respective state courts. The court noted that the platforms failed to prove they would suffer irreparable harm by defending themselves in state court or that the case falls under federal jurisdiction. The ruling means Kalshi and Polymarket, which have been attempting to expand and gain mainstream acceptance amid regulatory pressure, now face significant legal risks as they must directly confront legal actions from state governments.

Polymarket has frozen a portion of stolen funds. Josh Stevens, Vice President of Polymarket, announced that the company has frozen $164,000 of the $573,200 in stolen funds, in cooperation with parties including ZachXBT. The incident was caused by the compromise of a six-year-old private key used for an internal funding setup. Stevens emphasized that the event was not an exploit of Polymarket or UMA contracts, adding that user funds are safe and all services are operating normally.

Cumulative net inflows for U.S. Bitcoin spot ETFs have remained solid despite a slight retreat this week, Bloomberg ETF analyst Eric Balchunas said on X. He added that this resilience is surprising, given that the price of Bitcoin is 50% below its all-time high and down 11% year-to-date. According to data from Bloomberg Intelligence, cumulative net inflows peaked at around $62.8 billion last October before falling to $53.8 billion this February. The figure then rebounded to $59.1 billion in early May and stood at $57.1 billion as of May 20.

Whale Alert reported that 350,852,233 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $351 million.

The Core Foundation and Maple Finance (MPL) have announced a full settlement of their dispute regarding Bitcoin (BTC) staking. Both parties have agreed to mutually release all claims and counterclaims from arbitration proceedings initiated in September 2025 and a lawsuit in the Grand Court of the Cayman Islands. The specific terms of the settlement, including any financial details, will remain confidential. Following the agreement, Maple Finance will proceed with the launch of its BTC yield product, "syrupBTC," as scheduled, while the Core Foundation will focus on expanding the Core network and developing BTC products.

Bitwise announced via X that its spot Hyperliquid (HYPE) ETF, ticker BHYP, has reached $30.5 million in assets under management (AUM) within five days of its trading debut. The fund has recorded cumulative net inflows of $26.9 million and an average daily trading volume of $9.2 million. Bitwise will convert 10% of the fund's management fees into HYPE to hold as a corporate asset.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,980.01 on the Binance USDT market.

Pyth Network announced via X that a recent price feed failure was confined to its free legacy product, Pyth Core, and that the system was restored at 1:00 p.m. UTC. The project noted that its paid infrastructure, Pyth Pro, was unaffected, allowing clients like Kalshi, Coinbase, and LMAX to operate without disruption. Pyth Network also reminded users that Pyth Core is scheduled to be discontinued on July 31, following a DAO decision, and recommended migrating to Pyth Pro. The announcement follows an earlier incident where a failure in the Pythnet and Hermes systems caused a core price feed outage lasting more than four hours.

The interest rate futures market is now pricing in the first Federal Reserve rate hike for as early as October.

An improved regulatory environment for cryptocurrencies in the U.S. would likely lead to a concentration of institutional capital in major blockchains such as Ethereum, Solana, BNB Chain, and Canton Network, according to Grayscale. In a blog post, Zach Pandl, Grayscale's Head of Research, stated that regulatory changes, including the U.S. Clarity Act and new SEC guidelines, would spur the full-scale adoption of asset tokens and DeFi. "Currently, Ethereum, Solana, and BNB Chain are leaders across the asset token, stablecoin, and DeFi sectors, while Canton Network has also secured a foothold in tokenized assets with its unique network structure," he analyzed. Pandl also predicted that other platforms like Avalanche, Ethereum L2s such as Base and Arbitrum, Hyperliquid, and Tron would also benefit from increased regulatory clarity.

The three major U.S. stock indices opened higher today. - S&P 500: +0.57% - Nasdaq: +0.50% - Dow Jones: +0.67%

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

MicroStrategy (MSTR) CEO Phong Le said on X that if SpaceX goes public, the Magnificent Seven would become the Magnificent Eight. He added that 25% of this new group would then hold Bitcoin on their balance sheets. The Magnificent Seven refers to the top seven U.S. tech stocks by market capitalization: Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla.

Nasdaq-listed Baiya International Group (BIYA) announced it has purchased $1 million worth of BNB and renamed its cryptocurrency investment strategy the "Binance Plan." The decision follows a poll on the company's official X account, where BNB garnered 89.2% of the vote. Baiya has also activated an algorithmic strategy to automatically execute trades based on price volatility. The company plans to use 50% of any realized profits for share buybacks, subject to market conditions and board approval.

The Solana Foundation announced it has signed a letter of intent (LOI) with AirAsia and Kazakhstani exchange Intebix to pursue the launch of Evo (KZTE), a Solana-based stablecoin pegged to the Kazakhstani tenge.