Next weeks highlights
May 19
US lawmakers to hold final vote on stablecoin GENIUS Act on May 19 ;
Solana will host the Accelerate 2025 Crypto Summit from May 19 to 23 ;
Sahara AI announced the launch of the SIWA public testnet on May 19 ;
May 20
New York City mayor steps up cryptocurrency plans ahead of crypto summit on May 20 ;
May 22
Federal Reserve News
At 05:20 on Monday, New York Fed President Williams delivered a commencement speech at the Hofstra University graduate graduation ceremony in Hempstead, New York;
At 20:30 on Monday, Atlanta Fed President Bostic attended the Atlanta Fed 2025 Financial Markets Conference and delivered an opening speech;
At 20:45 on Monday, Federal Reserve Vice Chairman Jefferson and New York Fed President Williams delivered speeches;
Dallas Fed President Logan moderates a panel at the Atlanta Summit on Tuesday at 01:15;
At 21:00 on Tuesday, Atlanta Fed President Bostic gave opening remarks at an event;
On Tuesday at 21:00, Richmond Fed President Barkin delivered opening remarks at the 2025 Investing in Rural America conference;
At 01:00 on Wednesday, 2025 FOMC voting member and St. Louis Fed President Moussallem will speak on the economic outlook and monetary policy;
At 07:00 on Wednesday, Atlanta Fed President Bostic chaired the meeting, and Cleveland Fed President Hammack and San Francisco Fed President Daly delivered keynote speeches;
At 00:00 on Thursday, Richmond Fed President Barkin attended an event called Fed Listens;
At 02:00 on Friday, New York Fed President Williams delivered a keynote speech at the Monetary Policy Implementation Seminar.
From May 19th to May 25th, more noteworthy events in the industry are previewed below.
May 19
US Lawmakers to Hold Final Vote on Stablecoin GENIUS Act on May 19
Odaily Planet Daily News According to Coingape, U.S. Senate Majority Leader John Thune has formally submitted a motion to end the debate on the GENIUS Act, which is scheduled to be voted on on May 19. This stablecoin regulatory bill requires that issuers with assets exceeding $10 billion be regulated by the Federal Reserve, and small institutions be regulated at the state level; all stablecoins must be fully backed by assets such as U.S. dollars or treasury bonds. The latest bipartisan amendment proposes to add three clauses: 1) Stricter rules for technology companies involved in financial assets; 2) Strengthen consumer protection mechanisms; 3) Strengthen supervision of government officials (including Musk and others). The House of Representatives has previously passed a similar STABLE Act, requiring issuers of stablecoins such as USDT to operate in a completely transparent manner.
If the bill is passed, it will become the first federal legislative framework for stablecoins in the United States. Senate sources revealed that the amendments include explicitly prohibiting the abuse of FDIC insurance and strengthening bankruptcy protection clauses in order to gain cross-party support. The results of this vote will directly affect the direction of US regulation in the field of digital assets.
Solana to Host Accelerate 2025 Crypto Summit May 19-23
Odaily Planet Daily reported that Solana will hold the Accelerate 2025 Crypto Summit in New York, USA from May 19th to 23rd this year. The summit aims to showcase the revival of cryptocurrency in the United States.
CME to launch XRP futures on May 19, but still awaits regulatory approval
Odaily Planet Daily News: CME will launch Ripple futures to expand its cryptocurrency derivatives product portfolio.
It is reported that XRP futures are scheduled to be launched on May 19 and currently need to wait for regulatory approval, including micro contracts (2500 XRP) and large contracts (50,000 XRP).
Sahara AI announces the launch of SIWA public testnet on May 19
Odaily Planet Daily News: Sahara AI, a decentralized AI blockchain platform, announced that it will launch the SIWA public testnet on May 19, marking an important milestone in its transition from closed testing to public testing. It is reported that the SIWA testnet is the last testing phase before the mainnet token generation event (TGE), and participants have the opportunity to earn bonus points through tasks such as data annotation and model verification.
Sahara AI is committed to enabling on-chain management, licensing, and ownership of AI assets through blockchain technology, ensuring transparency and fair compensation for data and models.
Previously, Sahara AI has completed a $43 million Series A financing led by Pantera Capital, Binance Labs and Polychain Capital, with participation from Samsung NEXT, Sequoia Capital, etc. The funds will be used to expand the team, optimize platform performance and accelerate the construction of the developer ecosystem.
Odaily Planet Daily reported that DeFi Development approved a 1-for-7 stock split. Shareholders will receive an additional six shares on May 19. If approved by Nasdaq, trading will resume on May 20 after adjusting for the stock split.
May 20
New York City mayor steps up cryptocurrency plans ahead of May 20 crypto summit
Odaily Planet Daily News: New York City Mayor Eric Adams announced that New York City will work with financial companies to advance cryptocurrency-related initiatives. June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and Scale, will serve as consultants to help promote the citys development in the field of digital assets.
Adams said that New York City is focused on the long-term value of these technologies rather than chasing trends. He also emphasized that New York City welcomes companies in the fields of cryptocurrency, blockchain, Web3 or fintech to do business.
Since taking office in 2022, Adams has included digital assets in his policy platform and announced that he would accept Bitcoin as payment for his salary. He also announced in April that New York City would host a crypto summit on May 20. (Cointelegraph)
May 21
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May 22
Odaily Planet Daily reported that on the evening of April 23, the official website of US President Trump’s Meme coin TRUMP announced that it plans to invite the top 220 holders of the coin to dinner at a golf club near Washington on May 22.
In addition, TRUMP officials posted on the X platform that the next phase of the TRUMP token plan will be announced in Washington, DC on May 22, the day of the dinner.
Odaily Planet Daily reported that the decentralized cloud computing protocol Aethir announced that it will launch a Checker Node NFT repurchase plan on May 22, 2025, allowing node holders to sell their Checker Node NFT back to the Aethir Foundation at an anchor price. This initiative aims to provide Checker Node holders with greater flexibility while enhancing the stability and sustainability of Aethirs overall network ecology. All Checker Node holders can participate to ensure that every user can use the exit option fairly. After the NFT is sold back, the relevant entrustment relationship will be automatically terminated.
It is reported that the initial repurchase pool of the Checker Node repurchase plan is 200 million ATH. If user demand is higher than expected, additional funds will be added depending on the situation. The repurchase-related contracts have passed strict audits and have built-in fault protection mechanisms to reduce risks caused by code vulnerabilities or operational errors.
May 23
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May 24
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May 25
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