Arc, Canton, and Tempo have collectively raised more than $1 billion in rounds that closed between October 2025 and May 2026, with combined valuations said to exceed $10 billion. The projects are backed by firms including Goldman Sachs, BlackRock, Stripe, Paradigm, and a16z, reflecting a growing push for configurable, compliance-friendly privacy for institutional on-chain activity.

On April 30, 2026, Treasury Cabinet Secretary John Mbadi submitted Kenya's Finance Bill 2026 to Parliament, proposing annual information returns for virtual asset service providers and reinstating a 20% withholding tax on gambling winnings. The National Assembly opened public participation on May 11, while the bill also outlines wider tax changes including new data-sharing powers for virtual-asset tax information and adjustments to excise measures.

Members of the U.S. Senate Banking Committee have submitted more than 100 amendments to a major crypto bill, setting up a detailed committee markup process. The proposals span issues such as definitions and compliance requirements, but only amendments approved by votes in markup will alter the legislation.

The U.S. CLARITY Act faces a historic make-or-break 72 hours as the Senate Banking Committee prepares for a high-stakes markup hearing on May 14, 2026. Explore the 309-page bill's impact on stablecoins, DeFi, and crypto stocks like CRCLX and COIN.

NPR reported May 7, 2026 that an anonymous campaign staffer said they and coworkers regularly bet on Polymarket using internal polling data before it became public, with winnings described as thousands of dollars per cycle. The report is NPR's third Polymarket-focused insider-trading pattern in three months, as lawmakers and regulators debate responses that largely target government offices rather than campaign staff.

Moody’s Ratings says major U.S. banks and market intermediaries increasingly agree that tokenized assets and digital money will become unavoidable, though current usage remains confined to stablecoins, tokenized deposits, and tokenized money market funds. DTCC said on May 4, 2026 it will support limited production trades of tokenized securities in July 2026, with a full-service launch targeted for October 2026. The report also notes tokenized MMFs stand at about $10 billion outstanding, reflecting rising institutional demand for onchain liquidity and yield.

JPMorgan has filed with the U.S. SEC for a blockchain-enabled, tokenized money market fund aimed at stablecoin issuers preparing for a regulated U.S. market under the proposed GENIUS Act. The filing dated 12 May names the product JPMorgan OnChain Liquidity-Token Money Market Fund (ticker: JLTXX), with Ethereum as the first supported network and a $1 million minimum investment.

On May 11, 2026, U.S. District Judge William M. Conley in Wisconsin found the Ho-Chunk Nation is likely to succeed under IGRA in stopping Kalshi sports event contracts from being offered on the tribe's Indian lands. The Ho-Chunk Nation sued Kalshi and Robinhood entities last August and later sought a preliminary injunction in December 2025; the case also includes a RICO claim and is set for trial on May 24, 2027.