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Tom Emmer dismisses 2 key Clarity Act concerns

Clarity Act concerns from law enforcement are overblown, House Majority Whip Tom Emmer said.Emmer called law enforcement objections to crypto developer protections a “red herring” aimed at slowing the bill.He defended shielding noncustodial developers from money transmitter rules under the Blockchain Regulatory Certainty Act.The Senate Banking Committee advanced the Clarity Act 15-9, with bipartisan support beyond Republicans.　　House Majority Whip Tom Emmer said law enforcement groups are overstating their concerns about crypto developer protections embedded in the legislation. He called the objections a “red herring” designed to slow the broader bills progress through Congress.　　Emmer forcefully defended the Blockchain Regulatory Certainty Act, which would shield noncustodial software developers from being treated as money transmitters. He argued the U.S. needs clearer rules to keep innovators onshore rather than driving them to other jurisdictions.　　Tom Emmer frames Clarity Act as bipartisan priority　　Emmer pointed to the Senate Banking Committees 15-9 vote advancing the bill as evidence that support extends beyond Republicans. He described the Clarity Act as the fifth or sixth iteration of crypto market structure legislation the House has refined over multiple sessions of Congress.　　“The president never asked me to predetermine, commit, fix, decide on any interest rate decision,” Emmer noted that the legislation would

05-23

Kalshi, Polymarket lose 2 state gambling appeals

Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington.A Ninth Circuit panel denied emergency motions from both platforms to halt state-level gambling enforcement actions.The judges ruled that federal derivatives oversight does not automatically shield prediction markets from state gaming laws.The decision deepens a growing legal split over whether sports event contracts are federally regulated swaps or gambling products.　　A three-judge Ninth Circuit panel denied emergency motions from both Kalshi and Polymarket to block lower court rulings, sending gambling enforcement cases in Nevada and Washington back to state courts. The orders came down on Thursday.　　The judges concluded that raising a defense under the Commodity Exchange Act does not create federal jurisdiction that would move the cases out of state courts. “The CEA preemption defense is an affirmative defense, which cannot by itself give rise to federal question jurisdiction,” the panel wrote.　　Why this matters for prediction market regulation　　The court also rejected Polymarket‘s argument that it was operating under federal direction through its compliance with CFTC oversight requirements. “Polymarket’s actions merely demonstrate its own compliance with federal law, which cannot alone show that it is acting under a federal officer,” the judges stated.　　Nevada‘s cases center on both platforms’ lack of

05-23

Ethereum Price Prediction – ETH Price Estimated to Reach $2,305.39 By May 27, 2026

Ethereum is down -3.09% today against the US DollarEthereum is currently trading 10.45% below our prediction on May 27, 2026Ethereum dropped -13.54% in the last month and is down -21.90% since 1 year agoEthereum price$ 2,064.57Ethereum prediction$ 2,305.39SentimentFear & Greed indexKey support levels$ 2,109.10, $ 2,085.18, $ 2,065.83Key resistance levels$ 2,152.36, $ 2,171.71, $ 2,195.63　　ETH price is expected to rise by 11.31% in the next 5 days according to our Ethereum price prediction　　Ethereum price today is trading at $ 2,064.57 after losing -3.09% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.35% in the same time period. ETH performed poorly against BTC today and recorded a -0.62% loss against the worlds largest cryptocurrency.　　According to our Ethereum price prediction, ETH is expected to reach a price of $ 2,305.39 by May 27, 2026. This would represent a 11.31% price increase for ETH in the next 5 days.　　ETH Price Prediction Chart　　Buy/Sell Ethereum　　What has been going on with Ethereum in the last 30 days　　Ethereum has been displaying a negative trend recently, as the coin lost -13.54% in the last 30-days. The medium-term trend for Ethereum has been bullish, with ETH increasing by

05-23

Character.AI Expands Memory Tools Amid Legal Scrutiny

Character.AI has unveiled a suite of advanced memory tools designed to enhance its chatbot platform‘s ability to retain context and user input, the company announced on May 21, 2026. The updates include features like Story Memory, Facts, and Memory Usage visualization, allowing users to lock in key details and shape their AI character’s knowledge for richer, more persistent interactions.　　The enhancements are aimed at addressing a longstanding challenge in generative AI: maintaining coherent, long-term context in conversations. These tools, available to both free and premium (c.ai+) users, represent a significant upgrade to the platforms functionality. c.ai+ subscribers gain access to additional perks, such as twice as many memory pins and more detailed usage visualizations, which could further drive adoption of the subscription tier introduced in 2023.　　Whats New in Memory Features？　　The newly introduced Story Memory allows users to pin specific messages—such as key plot twists or character backstories—to ensure they persist in future chats. Similarly, the Facts feature automatically captures and organizes details about characters, including their quirks, relationships, and histories, with the option for users to manually add or edit these entries. Memory Usage visualization offers insights into whats occupying a chatbots memory and provides alerts when capacity starts to fill

05-23

Kalshi launches advocacy group with Trump aide

Kalshi is backing a new advocacy group to fight the gaming lobby over prediction market regulation.Americans for Fair Markets launched with Kalshi support to counter sportsbook and casino opposition to prediction markets.The group tapped former Deputy White House Chief of Staff Taylor Budowich as its strategic advisor.Prediction markets have grown into a roughly $500 billion asset class with millions of monthly U.S. users.　　The new organization, Americans for Fair Markets, launched on May 22 to shape federal policy on prediction markets and federally regulated exchanges. It will run paid and earned campaigns to counter what it describes as false narratives spread by sportsbook and casino interests.　　AFM has tapped Taylor Budowich, who most recently served as Deputy White House Chief of Staff under Susie Wiles, as its strategic advisor. The hire signals Kalshis deepening ties to Republican political circles as the prediction market industry faces intensifying regulatory scrutiny.　　Why Kalshi is escalating its lobbying effort　　The launch comes as the gaming lobby mounts its own offensive. FairPredicts, a new group backed by casino interests and led by former Governor Chris Christie through the American Gaming Association, recently began a six-figure ad campaign targeting Kalshi directly.　　“We‘re not going to be outspent or out-organized by entrenched

05-23

Fed’s Waller warns inflation may force new hikes, rattling risk assets

Federal Reserve Governor Christopher Waller warned that stubborn inflation and surging energy costs now outweigh labor market risks, signaling that rate hikes are “back on the table” and jolting expectations that had been primed for cuts a few months ago.Waller said US CPI hit 3.8% in April with energy prices up 17.9% as oil climbed above $100 per barrelCore PCE inflation rose to 3.3%, its highest level in more than two years, while unemployment held at 4.3% and GDP grew 2%He urged dropping the Feds “easing bias” and said rate increases cannot be ruled out if inflation does not abate soon　　In a speech described as “hawkish” by Wall Street Journal economics correspondent Nick Timiraos, Waller argued that “inflation is not headed in the right direction” and that the balance of risks has shifted away from the labor market and toward price stability.　　Why is Waller calling for an end to the Feds easing bias？　　He pointed to Aprils 3.8 percent year on year consumer price index reading and a 17.9 percent jump in energy costs, which he tied to Middle East conflicts that have pushed oil above $100 per barrel and filtered into gasoline, transport and production costs across the economy.　　FED SIGNALS

05-23

Kevin Warsh sworn in as Fed chair at White House

Kevin Warsh was sworn in as Fed chair on Friday as Bitcoin trades near $77,400.Warsh took the oath from Supreme Court Justice Clarence Thomas at a White House ceremony, succeeding Jerome Powell.The Senate confirmed Warsh 54-45, with only Democrat John Fetterman crossing party lines to support the nomination.Bitcoin held near $77,400 as traders had largely priced in the leadership transition ahead of Warshs first FOMC meeting in June.　　Kevin Warsh was sworn in as the 17th Federal Reserve chair at a White House ceremony on Friday, becoming the first Fed leader to take the oath at the executive mansion since Alan Greenspan in 1987. Supreme Court Justice Clarence Thomas administered the oath.　　Warsh, 56, succeeds Jerome Powell, who held the position since 2018 and will remain on the Fed board as a governor until 2028. The Senate had confirmed Warsh on May 13 in a narrow 54-45 vote, with Democratic Senator John Fetterman as the only crossover.　　What Warshs arrival means for crypto markets　　“Our mandate at the Fed is to promote price stability and maximum employment,” Warsh said after being sworn in. “When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower, growth stronger, real take-home pay

05-23

The agentic CFO in your pocket

The next wave of financial disruption is not arriving as a better app or a cheaper brokerage built on decades-old infrastructure. It is a complete overhaul of the legacy system of rent-seeking middlemen and inefficient rails, ushered in by three forces converging at once: stablecoins as always-on digital cash, the tokenization of real-world assets from stocks to bonds to real estate, and autonomous AI agents capable of managing money. Together, they are about to put a turbo-charged CFO in every investors pocket.　　For generations, sophisticated treasury management has been the exclusive province of institutions and the ultra-wealthy. Large asset managers employ teams whose sole function is to ensure that not a single dollar sits idle, that every security generates income, and that every vote reflects their values. Retail investors have never had access to anything comparable. That is about to change.　　Think of it as your own digital treasury agent: always on, never sleeping, executing your preferences with perfect fidelity. Your agent monitors your real-time cash flows and sweeps idle balances into yield-bearing instruments that reflect actual market rates. It manages your stablecoins and tokenized securities, lending them out to generate passive income, as institutions have for years. It votes your shares

05-23

Ripple backs Squids $6M cross-chain round

Ripple joined a $6M funding round for cross-chain infrastructure platform Squid.North Island Ventures led the $6M strategic round, with Ripple, Dialectic, and Borderless also participating.Squid has routed over $6 billion in volume through more than 4 million transactions since its January 2023 launch.The new funding brings Squids total raised to $13.5 million and will fund consumer-facing product expansion.　　Cross-chain platform Squid raised $6 million in strategic funding to build new consumer-facing products that simplify how users move assets across blockchains. North Island Ventures led the round, with Ripple, Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital also participating.　　Angel investors including Axelar co-founder Georgios Vlachos, Enso Finance founder Connor Howe, and Constructive founder Dan Lynch joined as well. Squids pseudonymous co-founder Fig declined to disclose the valuation or round structure.　　What Squid does and why Ripple invested　　“The vision is to make directly accessing whatever you need in crypto as simple as the cross-chain swaps Squid already handles today,” Fig told The Block.　　Squid‘s application allows users to move assets across fundamentally different blockchain ecosystems, including Bitcoin, Ethereum, Solana, Cosmos, and the XRP Ledger, in a single transaction. Squid serves as the official bridge partner for the XRP Ledger and operates a validator on the

05-23

Kevin Warsh Takes Fed Chair Oath as FOMC Gives Unanimous Backing

Tech　　Kevin Warsh Takes Fed Chair Oath as FOMC Gives Unanimous Backing　　Kevin Warsh took the oath of office as chairman and a member of the Federal Reserve Board on May 22, completing the transition from Jerome Powell, whose chair term concluded on May 15. The Federal Reserve Board named Powell chair pro tempore pending Warsh‘s swearing-in. President Donald Trump nominated Warsh on March 4, and the Federal Open Market Committee (FOMC) selected him as its chairman on May 22, placing him at the head of the central bank’s rate-setting panel.　　Warsh was confirmed by the United States Senate as a Board member on May 12. Senators confirmed him as chairman on May 13. His term as chairman runs through May 21, 2030, while his Board term extends through January 31, 2040. The Federal Reserve announced:　　“Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System.”　　“Also on Friday, the Federal Open Market Committee unanimously selected Warsh as its chairman,” the Fed said.　　He now leads the Federal Open Market Committee, the Federal Reserve panel responsible for setting benchmark U.S. interest rates and directing monetary policy operations. The role places him at

05-23

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