The Clarity Act took a step forward: State of Crypto

Unpacking Thursday's at-times contentious markup hearing.

source https://www.coindesk.com/policy/2026/05/17/the-clarity-act-took-a-step-forward-state-of-crypto

Japan's SBI Securities, Rakuten Securities plan to offer crypto investment trusts

Another 11 companies responded to a survey saying they would consider offering crypto funds once the regulatory environment becomes clear.

source https://www.coindesk.com/business/2026/05/17/japan-s-sbi-securities-rakuten-securities-plan-to-offer-crypto-investment-trusts

A Russian stablecoin built to dodge sanctions says it can survive even if they're lifted

A7A5, the Russia-linked stablecoin built to move money around banking restrictions, says faster trade settlement, yield and regional crypto infrastructure could keep it relevant even if geopolitical tensions ease.

source https://www.coindesk.com/policy/2026/05/24/a-russian-stablecoin-built-to-dodge-sanctions-says-it-can-survive-even-if-they-re-lifted

Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%

A long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst session for U.S. stocks since March.

source https://www.coindesk.com/markets/2026/05/16/crypto-longs-lose-usd500-million-as-bitcoin-slides-to-usd78-000-sol-and-xrp-down-5

Bhutan ‘doesn’t recall’ selling any bitcoin, disputing widely-tracked $1 billion BTC drawdown

Arkham Intelligence data shows that over $1 billion in bitcoin has left wallets attributed to Bhutan in the past year, flowing to exchanges and trading firms. The country says it has not sold any.

source https://www.coindesk.com/markets/2026/05/16/bhutan-doesn-t-recall-selling-any-bitcoin-disputing-widely-tracked-usd1-billion-btc-drawdown

U.S. House lawmakers who oversee the CFTC are urging Trump to fill the commission

As the Commodity Futures Trading Commission takes on a growing task to police U.S. crypto trading, senior lawmakers are saying it needs bipartisan leadership.

source https://www.coindesk.com/policy/2026/05/15/u-s-house-lawmakers-who-oversee-the-cftc-are-urging-trump-to-fill-the-commission

SpaceX targets June 11 IPO pricing, picks Nasdaq for historic market debut

Elon Musk’s rocket and satellite company has accelerated plans for its blockbuster public offering, with trading expected to begin as early as June 12 after a faster-than-expected SEC review.

source https://www.coindesk.com/markets/2026/05/15/spacex-targets-june-11-ipo-pricing-picks-nasdaq-for-historic-market-debut