On May 14, the U.S. Senate Banking Committee voted 15–9 to advance the stablecoin-focused CLARITY Act, a move some view as a pivot from enforcement-led policy toward legislative clarity. Ironwallet CEO Ermo Eero said the bill may support domestic capital growth, but argued a truly global crypto framework would still require international treaties and stronger industry self-policing to earn institutional trust.

Payward, Kraken's parent, eliminated 150 jobs on May 15, saying AI automation made some operations roles redundant. The reduction equals 5% of its roughly 3,000 employees and comes after about 400 cuts in October 2024. Payward has also targeted a $20 billion IPO valuation, though a 2027 listing has been suggested.

IG said on May 13 that it has broadened its UK crypto offering by adding more than 50 digital assets, taking the total available selection to more than 100. The company also rolled out crypto-to-crypto swaps and upgraded charting tools, and said wallet transfers are planned so clients can move external holdings into their IG accounts.

The U.S. Treasury auctioned $125 billion in debt from May 11 to May 13, including a 30-year bond that cleared at a 5.046% high yield, the first such level since August 2007. Bid-to-cover ratios slipped below 2.55 across the 3-year, 10-year, and 30-year sales, and the post-auction move lifted long-end yields toward 5.1%. The shift could keep pressure on mortgage rates and broader borrowing costs tied to Treasury benchmarks.

A federal financial disclosure filed by Donald Trump on May 14 says his portfolio bought shares of MARA Holdings, Coinbase, and Strategy between January and March 2026. The report lists MARA as a March 30, 2026 transaction in the $15,001 to $50,000 bracket, and notes the assets are managed by a third-party institution rather than Trump directly.

VanEck and Grayscale filed updated SEC amendments on Friday for their proposed U.S. spot BNB ETFs, with VanEck submitting Amendment No. 5 and Grayscale filing Amendment No. 2. The filings keep staking out of the initial launch while retaining conditional language, and both products are proposed to list on Nasdaq under tickers VBNB and GBNB. Separately, Canary Capital amended its staked TRX ETF S-1 on Friday and added service-provider details, while leaving the exchange, ticker, and management fee undisclosed.

Coinbase's chief legal officer Paul Grewal said the CLARITY Act has momentum after advancing out of the Senate Banking Committee, but added that significant work remains before it can become law. The bill cleared committee markup 15–9 and now heads toward a Senate floor vote, where it is expected to be combined with Agriculture Committee language tied to the CFTC. Analysts and lawmakers flagged ethics provisions and stablecoin-yield restrictions as potential hurdles, while Bitcoin traded below $78K after falling 5%.

The Senate Banking Committee voted 15-9 on Thursday to advance the CLARITY Act, moving the crypto market structure proposal out of committee. Ahead of the vote, banking advocates highlighted figures including $154 billion in 2025 illicit crypto receipts and a 162% year-over-year rise, while others argued enforcement and on-chain controls are increasingly limiting laundering.