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According to BlockBeats, prediction market Kalshi has appointed Donald Trump Jr. as its strategic advisor. The company is collaborating with Elon Musk's artificial intelligence firm, xAI, to offer customized information that guides users' bets on the platform. Kalshi aims to leverage xAI's capabilities to integrate historical trend news articles, providing traders with valuable insights.Earlier this year, Kalshi's General Counsel, Eliezer Mishory, departed from the company to join Musk's government efficiency division, where he leads efforts related to the U.S. Securities and Exchange Commission.

According to BlockBeats, U.S. President Donald Trump has issued two executive orders related to cryptocurrency since taking office. Despite several deadlines passing, the government has yet to provide significant updates on its progress.Analysts from K33 suggest that the development of cryptocurrency policies remains a crucial catalyst, and participants should watch for potential developments in strategic Bitcoin reserves in the coming days. Although the deadlines for several executive orders have passed without public announcements, analysts believe that new information might emerge from the Meme Coin event hosted by Trump on May 22 and Vice President JD Vance's keynote speech at the Bitcoin 2025 conference on May 28.

According to BlockBeats, South Korean presidential candidate Lee Jae-myung has proposed the issuance of a stablecoin backed by the Korean won. This initiative aims to integrate digital currency into the national financial system, potentially enhancing economic stability and innovation. The proposal reflects a growing interest in digital currencies within South Korea, as the country seeks to position itself at the forefront of financial technology advancements.

According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the proposals submitted by 21Shares and Grayscale for XRP trust funds and Grayscale's Dogecoin trust fund ETF. The announcement was made on May 20. The SEC stated in its documentation that the delay is due to legal and policy issues related to these proposals, emphasizing that this does not imply any conclusions have been reached by the commission. Additionally, the SEC has also postponed its decision on Bitwise's proposal for an Ethereum ETF that allows staking. James Seyffart, an ETF analyst at Bloomberg Intelligence, noted that regardless of the SEC's leadership, the agency typically utilizes the full review period. He anticipates that the earliest possible approval could occur by late June or early July, though it is more likely to happen in the early fourth quarter.

According to Odaily, the U.S. Securities and Exchange Commission (SEC) announced on May 20, 2025, that it has filed a lawsuit against New York City-based Unicoin, Inc. and three of its executives. The SEC accuses them of making false and misleading statements in the issuance of certificates claiming to offer access to Unicoin tokens and common stock. The executives involved include CEO and Chairman Alex Konanykhin, former President and Chairman, now Director Silvina Moschini, and former Chief Investment Officer Alex Dominguez. The SEC alleges that Unicoin and its executives misled over 5,000 investors by claiming that their tokens were backed by billions of dollars in real estate and pre-IPO company equity, while the actual asset value was significantly lower. Additionally, the SEC states that Unicoin falsely reported sales of over $3 billion in certificates, whereas the actual amount raised did not exceed $110 million. They also falsely advertised that their certificates and tokens were registered with the SEC. The lawsuit has been filed in the U.S. District Court for the Southern District of New York. The SEC is seeking a permanent injunction, the return of ill-gotten gains, civil penalties, and a ban on the executives from serving in any capacity within the company. Unicoin's General Counsel Richard Devlin has also been charged with negligence for making similar false statements and has agreed to pay a civil penalty of $37,500.

According to PANews, U.S. Senator Cynthia Lummis recently expressed on social media platform X that the United States must take the lead globally in the digital asset sector. Her statement underscores the importance of establishing a dominant position in the rapidly evolving digital economy.

According to BlockBeats, New York City Mayor Eric Adams announced on Tuesday the formation of a digital asset advisory board aimed at bringing fintech job opportunities to the city. Speaking at a summit held at the mayoral residence, Gracie Mansion, Adams stated that the board will consist of industry experts, with the chairperson to be announced in the coming weeks.Adams emphasized that the initiative is intended to "leverage future technologies to better serve New Yorkers today." Beyond commercial interests, the city plans to explore blockchain technology for birth and death records, facilitating easier access for relatives of New Yorkers. The summit included participants from family offices and unicorn startups. Andrew Durgee, co-CEO of Republic, noted that despite regulatory challenges, his company remains in New York, while some others have left the United States.

According to BlockBeats, Cleveland Federal Reserve President Loretta Mester and San Francisco Federal Reserve President Mary Daly stated on Tuesday evening that the best course of action for the Federal Reserve is to wait before making any further policy decisions. This stance is due to the uncertainty surrounding the policies of U.S. President Donald Trump's administration.The two regional Federal Reserve presidents reiterated their position during a joint appearance at a Federal Reserve Bank of Atlanta conference. They emphasized that the ongoing uncertainty in trade policy makes it challenging to predict the economic trajectory, complicating decisions on how monetary policy should respond.

According to ShibDaily, Paul Atkins, the newly appointed Chair of the U.S. Securities and Exchange Commission (SEC), has addressed regulatory concerns surrounding the cryptocurrency sector in a recent speech. During the SEC Speaks conference, Atkins highlighted a shift in the agency’s approach to digital assets, describing it as “a new day” for the crypto industry under his leadership. He emphasized the Commission’s readiness to adapt to emerging technologies while adhering to its statutory obligations. Atkins remarked that the crypto markets have been in SEC limbo for years and revealed that he has directed staff across the SEC’s policy divisions to start developing formal rule proposals for the crypto sector. He noted that agency teams are actively working to clarify regulatory uncertainties through ongoing staff-level guidance.Before Atkins took on the role of SEC Chair, regulatory actions during the Trump administration marked a significant departure from the approach of former Chair Gary Gensler, who focused on stringent oversight of the cryptocurrency sector. Under Gensler, the Commission prioritized enforcement and tighter regulations aimed at enhancing transparency and investor protection. This year, the SEC has rolled back multiple investigations and enforcement actions targeting crypto firms, while also releasing updated guidance on meme coins and security tokens. Atkins stated that as he begins his tenure as Chairman, the SEC is returning to its roots of promoting innovation rather than stifling it. He added that the markets innovate, and the SEC should not be in the business of telling them to stand still.Looking ahead, market participants and legal analysts are closely monitoring how the Commission’s evolving stance will shape the broader digital asset landscape. As expectations shift, companies operating in the crypto space may find new opportunities to engage with regulators and seek clearer pathways to compliance. While questions remain about long-term oversight, recent developments suggest a more open dialogue could be underway. Whether this signals a lasting policy change or a temporary recalibration, the coming months will be crucial in determining how U.S. regulatory frameworks respond to the fast-paced innovation within blockchain and decentralized finance ecosystems.

According to Odaily, U.S. Securities and Exchange Commission (SEC) Chair Paul S. Atkins testified before the House Financial Services and Government Operations Appropriations Subcommittee on May 20, 2025. He emphasized the importance of prioritizing regulatory transparency and accountability, particularly in the digital asset sector. Atkins highlighted the need for rigorous cost-benefit analysis in rule-making to prevent excessive regulation from hindering market innovation. Atkins also stressed the importance of strengthening collaboration with Congress to ensure that SEC's regulatory activities align with legislative intent. He advocated for a cautious approach to digital asset regulation to avoid impeding technological progress. The SEC remains committed to its mission of protecting investors and maintaining market integrity while fostering healthy financial market development.

According to PANews, the South Korean Financial Services Commission (FSC) is set to implement stricter customer verification procedures for non-profit organizations and cryptocurrency exchanges starting in June. These entities will be permitted to sell digital assets under the new regulations. To mitigate money laundering risks, cryptocurrency exchanges and banks that provide account services for crypto transactions will be required to verify the source and purpose of funds involved in transactions with non-profit organizations and other crypto exchanges. Exchanges must check the origin and intent of received cryptocurrency deposits, while banks are tasked with verifying the proceeds from cryptocurrency sales withdrawn through verified accounts.

According to Foresight News, the Indian Supreme Court has raised concerns about the government's inadequate regulation of cryptocurrencies. The court highlighted the absence of a clear legal framework, which has led to Bitcoin transactions being viewed as informal and illegal cross-border fund transfers. Judges reminded the federal government that approximately two years ago, the Supreme Court had sought clarity on India's virtual currency policy. The judges emphasized that a complete ban on cryptocurrencies is not advisable, but some form of regulation is necessary. They noted that Bitcoin profits are subject to a 30% tax, indicating a degree of legal recognition for cryptocurrencies. The court argued that if taxation is imposed, then proper regulation should logically follow.

According to Foresight News, crypto journalist Eleanor Terrett reports that Josh Vlasto, a spokesperson for the crypto policy organization CEDAR, commented on the Senate's vote on the GENIUS Act. Vlasto stated, "We congratulate the Senate on today's vote outcome. This resolution, along with the eventual passage of the stablecoin bill, clears the path for Congress to enact market structure legislation as mandated by voters, thereby establishing clear rules for digital assets."

According to PANews, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins addressed the SEC Speaks conference, highlighting the agency's past passive stance on cryptocurrency regulation. Atkins criticized the previous "ostrich policy" approach, which shifted to enforcement before accountability, resulting in a lack of trust. He emphasized the need for regulatory bodies to engage actively with the market and adapt rules to accommodate new technologies. Despite the SEC's stated willingness to communicate with potential registrants, regulatory requirements have not been adjusted, and leadership has historically hindered staff from discussing complex legal issues with market participants. Atkins has now directed the Division of Corporation Finance to engage transparently with the public. The SEC's policy divisions are currently drafting proposals for cryptocurrency-related rules, although staff members continue to address obstacles through staff-level statements, such as FAQs issued by the Division of Trading and Markets. While these staff opinions do not constitute official rules or regulations, they offer valuable insights to the public. Atkins also expressed a desire for the commission to allow SEC registrants to custody and trade both securities and non-securities under one roof. Additionally, he has requested congressional approval to reallocate funds to integrate the Strategic Hub for Innovation and Financial Technology (FinHub) into other SEC departments. This move aims to embed innovation into the SEC's core culture, as FinHub is currently viewed as an enforcement tool with limited scale and efficiency.

According to Odaily, Federal Reserve official Raphael Bostic has indicated that the number of interest rate cuts this year will depend on unfolding events, with the specifics of tariffs playing a crucial role. Bostic expressed a preference for only one rate cut this year, citing the time required to fully understand the implications of tariffs.

According to Foresight News, European law enforcement agencies have dismantled a clandestine banking network that laundered over $23 million (approximately 21 million euros) using cryptocurrencies. The operation led to the arrest of 17 individuals in Spain, Austria, and Belgium. Among those arrested, individuals of Chinese nationality were responsible for cash collection in Spain, while those of Arab nationality managed international transfers.Authorities seized approximately $229,600 in cash, $204,960 in cryptocurrencies, luxury vehicles, real estate, cigars, and handbags, with a total value exceeding $3.5 million. This operation highlights the ongoing efforts by European law enforcement to combat financial crimes involving digital currencies.

According to PANews, the Dubai Virtual Assets Regulatory Authority (VARA) has revised its digital asset trading rulebook, as reported by CoinDesk. The new regulations focus on strengthening leverage controls and collateral requirements for margin trading, with significant amendments made to the Broker-Dealer and Exchange Rulebook. This update aims to align the regulatory framework with international risk standards and address previous regulatory gaps concerning brokers and wallet service providers.VARA stated that the revisions are based on practical licensing experience and international best practices, contributing to the development of a more mature regulatory system. Ruben Bombardi, VARA's Chief Legal Officer, emphasized that these updates reinforce the foundation of a "responsible and scalable ecosystem." The authority's previously clear regulatory requirements have already positioned Dubai as a hub for cryptocurrency activities.

According to BlockBeats, the U.S. Senate is set to vote tonight on advancing a bill concerning stablecoins. This legislative move comes amid growing interest in regulating digital currencies and ensuring financial stability. The outcome of the vote could have significant implications for the cryptocurrency market and its regulatory framework.

According to PANews, Germany's financial regulator, BaFin, has issued a comprehensive Markets in Crypto-Assets (MiCA) license to Trade Republic, a major European fintech company. This license enables Trade Republic to offer crypto asset custody services to its 4 million customers across 17 markets. Additionally, the company can execute or transmit customer orders and provide transfer services, allowing it to conduct nearly all crypto-related activities in almost 30 European Economic Area (EEA) countries.Germany is a leader in the European crypto sector, having granted MiCA licenses to nine crypto asset service providers, which accounts for 36% of the EU's initial 25 licenses. With the deadline approaching in mid-2025, when European-registered crypto companies without a license may lose their qualifications, many firms in the industry are accelerating their application processes.

According to BlockBeats, the yield on the U.S. 30-year Treasury bond has climbed to 5.02%, marking its highest point since November 2023. This increase reflects ongoing shifts in the financial markets as investors respond to economic conditions and policy changes.