The Trump administration's point person on AI and cryptocurrency, David Sacks, is feeling bullish about a new stablecoin bill called the GENIUS Act. He says it’s picking up steam in the Senate with support from both parties, suggesting it could actually become law. Meanwhile, the SEC is cracking down on another crypto project, showing how regulatory moves are heating up on multiple fronts.

Editor’s Note: Stablecoins—cryptocurrencies pegged to stable assets like the dollar—are a big deal because they bridge crypto and traditional finance. If this bill passes, it could bring clearer rules to a market that’s been in a gray area, which might calm investors and encourage more mainstream adoption. But with the SEC still targeting shady projects, it’s a reminder that not all crypto players are getting a free pass. Basically, the government is trying to balance innovation with oversight, and this bill could be a step toward that.

Michigan lawmakers are stepping into the crypto fray with four new bills that could reshape how the state interacts with digital currencies. The proposals cover a range of issues—from banning public pension funds from investing in crypto to offering tax breaks for mining operations and restricting state support for central bank digital currencies (CBDCs). It’s a mixed bag of rules that could either encourage or stifle crypto activity in Michigan, depending on how they play out.

Editor’s Note: Crypto’s wild west days might be numbered as states like Michigan start laying down ground rules. These bills could set important precedents—like whether public money should touch crypto or if mining gets treated like a favored industry. For Michiganders, it’s a sign that local lawmakers are finally catching up to the crypto boom, but whether that’s good or bad depends on which side of the blockchain you’re on.

Hyperliquid, a decentralized finance (DeFi) protocol, has officially responded to the U.S. Commodity Futures Trading Commission (CFTC) about its stance on perpetual futures contracts and round-the-clock trading. The company shared its submissions in a May 22 blog post, outlining its perspective on how these financial instruments should be regulated in the fast-moving world of crypto markets.

Editor’s Note: This isn’t just bureaucratic paperwork—it’s part of a bigger conversation about how regulators should handle crypto trading, which never sleeps. Hyperliquid’s input could shape future rules for perpetual contracts (a popular but risky crypto derivative) and 24/7 markets. Since DeFi often operates outside traditional finance frameworks, regulators are playing catch-up, and industry feedback like this could influence how much freedom—or oversight—these platforms end up with.

The UK Court of Appeals just shut down a massive £9 billion lawsuit filed by BSV Claims Ltd against Binance and other crypto exchanges. The group, representing around 243,000 BSV holders, claimed the exchanges unfairly colluded to delist Bitcoin Satoshi Vision (BSV) back in 2019. The court wasn’t convinced, though, and tossed the case out.

Editor’s Note: This ruling is a big deal because it reinforces exchanges' rights to decide which coins they list—without facing billion-dollar lawsuits. For crypto investors, it’s a reminder that delistings can happen, and legal challenges don’t always pan out. The industry’s watching closely because cases like this could shape how much power platforms really have over what trades on them.