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According to Jinshi, the U.S. Supreme Court declined to review the constitutionality of a now-repealed policy of the U.S. Securities and Exchange Commission (SEC).The policy previously required individuals and companies that reached enforcement settlements with the SEC not to publicly criticize or question the allegations made by this Wall Street regulatory agency. The U.S. Supreme Court justices did not provide any explanation on Monday when they rejected the challenge regarding whether the SEC's so-called "gag order" infringed on individual constitutional rights.

According to Onchain Lens, a certain whale sold 9,781 ETH for approximately 15.9 million USDC, with an average transaction price of about 1,663 USD, and exchanged for 5,114 AAVE.At the same time, the address submitted a withdrawal request for 1,909 stETH, which is approximately 1.67 million USD at the current price.

The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

According to Bloomberg, the U.S. Court of Appeals ruled that the enforcement lawsuits by Nevada and Washington against the prediction market platforms Kalshi and Polymarket can continue in state court, and rejected the companies' request to pause the related cases during the appeal.The court stated that Kalshi and Polymarket failed to demonstrate that the state court lawsuits would cause irreparable harm, nor did they prove that their claims regarding federal question jurisdiction had a high likelihood of success. This ruling involves the enforcement actions by Nevada against Kalshi and Polymarket, as well as the case against Kalshi by Washington.

According to the Korea Herald, a South Korean court partially approved Samsung Electronics' request for an injunction against the union's planned strike. Samsung turned from a decline to an increase, and the South Korean KOSPI index turned positive, reversing a previous decline of 4.68%.

According to Bits.media, the Russian state-owned enterprise Gazprom has requested that its 17 subsidiaries must open digital ruble accounts with the Central Bank of Russia.The company stated that this move is to prepare for compliance with legislation that will take effect on September 1, which requires legal entities to be able to accept digital rubles as a method of payment for goods and services. The Russian digital ruble began testing in August 2023, and by the end of 2025, over 130 legal accounts will have participated in the platform testing. Starting September 1, large Russian banks and major enterprises must provide customers with the ability to transact in digital rubles.

U.S. Senator Warren requests the U.S. Securities and Exchange Commission (SEC) to investigate the cryptocurrency company of President Trump's family.

The U.S. Treasury Department has sent a letter to Binance, requesting compliance explanations regarding recent reports involving cryptocurrency transactions related to Iran and to strengthen regulatory cooperation.It is reported that this move comes amid ongoing scrutiny by U.S. regulators over cross-border capital flows on cryptocurrency platforms. Previous investigations and media reports have pointed to the possibility that Iran and related entities may be transferring funds through centralized exchanges, drawing the attention of the U.S. Treasury and Justice Departments.

U.S. Senator Elizabeth Warren wrote to Mark Zuckerberg, requesting more information from Meta regarding its latest stablecoin plan and criticizing the company's "lack of transparency" in related business as concerning.In her letter, Elizabeth Warren stated that given Meta's vast global user base, any stablecoin-related business could have a significant impact on market competition, user privacy, the integrity of payment systems, and financial stability. Previously disclosed information indicated that Facebook has been testing stablecoin payment features for certain creators in Colombia and the Philippines, with the plan based on USD Coin (USDC), requiring users to link a third-party crypto wallet address. A Meta spokesperson responded that the company "does not have a Meta stablecoin," and currently only hopes that users and merchants can use various payment methods, including third-party stablecoins, on the platform. Notably, Meta launched the stablecoin project Libra (later renamed Diem) in 2019, but ultimately terminated it in 2022 due to regulatory pressure. Warren has long been one of the toughest critics of cryptocurrency in the U.S. Congress and has repeatedly questioned Meta's stablecoin plans.

According to Decrypt, the closed cryptocurrency exchange Bittrex has filed a motion to a federal judge to withdraw its settlement agreement with the U.S. SEC and is requesting the SEC to return the $24 million fine.Bittrex was accused by the SEC of offering unregistered securities trading during the Biden administration, ultimately reaching a settlement and paying a fine, and then closed due to the "current U.S. regulatory and economic environment" that made it impossible to continue operations. Bittrex's lawyers pointed out in the latest filing that the SEC's stance on cryptocurrency regulation has fundamentally changed since the Trump administration took office, acknowledging that the legal theory that most tokens are considered securities was incorrect, that the enforcement strategy has been flawed from the beginning, and that almost all lawsuits and investigations against cryptocurrency companies have been withdrawn.Bittrex is asking the judge to order the return of the funds before the SEC transfers the money to the Treasury for compensation. In March of this year, the SEC initiated the process to transfer the fine to the Treasury.

According to official news, Aave LLC has submitted an emergency motion requesting the withdrawal of the asset freeze notice issued to Arbitrum DAO on May 1, 2026. This notice attempts to seize approximately $71 million worth of ETH, which belongs to the victims of the attack on April 18.Aave stated that attackers do not gain legal ownership of stolen property merely by stealing it, as the law clearly stipulates. The assets being recovered are intended to be returned to users affected by the attack on April 18, 2026. Freezing these assets harms the users that the recovery efforts are supposed to protect.Aave has requested the court to hold an emergency hearing and temporarily lift the freeze order, while continuing to work with the Arbitrum community and DeFi United to compensate the affected users.

U.S. District Judge Lewis Kaplan denied former FTX CEO SBF's request for a rehearing and harshly criticized the so-called new evidence he presented as baseless and "conspiracy-laden." In a court order issued on Tuesday, the judge pointed out that SBF's claims that FTX was actually solvent, that the Department of Justice was concealing information, and that witnesses were afraid to testify due to government threats were completely contradictory to the record.SBF originally accused former FTX Digital Markets co-CEO Ryan Salame and former data science chief Daniel Chapsky of not appearing in court out of fear, but the judge emphasized that SBF could have summoned or compelled them to testify but took no action. In November 2023, SBF was found guilty on all seven counts of fraud by a New York jury and was subsequently sentenced to 25 years in prison. Last week, he voluntarily withdrew his motion for a new trial, stating that he could not obtain a "fair hearing" from Judge Kaplan, but the appeal is still ongoing.The judge also criticized SBF for creating public opinion through interviews, stating that the so-called new facts had already been raised multiple times. SBF had sought a pardon from Trump, but Trump has also made it clear that there are no such plans.

According to official news, after discussions with multiple stakeholders, Aave service providers, ether.fi, KelpDAO, and other projects have submitted a governance proposal to the Arbitrum DAO, requesting the release of ETH that was frozen by the Arbitrum security committee after the rsETH incident on April 18.The announcement stated that if these ETH are released, the funds will be directed to DeFi United. Aave firmly believes that this contribution will significantly advance the path to a solution.

The DeFi Education Fund, along with Aave Labs, Uniswap Labs, Paradigm, Andreessen Horowitz, and other organizations, has sent a letter to the U.S. SEC in response to the recent statement released by the trading and markets division regarding the registration of "non-custodial user interface" brokers for crypto asset securities.The signatories support the statement that the "non-custodial user interface," which only provides a technical entry point and allows users to manage their assets independently, should be excluded from broker registration. They also urge the SEC to establish clearer and more sustainable definitions of "broker" through formal rulemaking, to avoid incorrectly categorizing neutral software tool providers, validators, RPC/API, oracles, cloud services, and other infrastructure under broker regulations. This would provide long-term legal certainty for blockchain infrastructure innovation while ensuring investor protection.Previously, the SEC's trading and markets division indicated that some DeFi trading interfaces do not need to register as brokers, allowing for policy space for related applications. Supporters believe that the new regulations could cover infrastructure participants such as validators, APIs, and oracles. Currently, the U.S. crypto market legislation, the CLARITY Act, is stalled in the Senate.

The DeFi Education Fund, along with several other crypto advocacy organizations, has officially sent a joint letter to the U.S. Securities and Exchange Commission (SEC), requesting the initiation of a formal DeFi rule-making process based on recent statements.Previously, the SEC's Division of Trading and Markets had clearly stated that certain software user interfaces used for trading cryptocurrencies do not need to register as broker-dealers, giving a green light to such activities. The joint letter calls on the SEC to solidify the above principles into an objective and clear framework through announcements or comment-based rule-making, clarifying which activities fall under the definition of "broker," while excluding infrastructure service providers such as validators, API and RPC providers, oracles, and cloud services. This would provide developers with long-term legal certainty and avoid reliance on temporary guidance. Under the leadership of current Chairman Paul Atkins, the SEC has taken a positive and open attitude towards digital asset innovation, contrasting sharply with the repressive stance of the previous administration, and the industry has also played an important role in the rule-making process.

According to CoinDesk, Cardano's core development company Input Output submitted nine funding proposals for the 2026 community treasury, totaling $46.8 million, a significant reduction of about 52% from last year's $97.5 million, marking the first step towards gradually reducing reliance on community funds.The nine proposals focus on two main directions: first, the consensus upgrade plan Leios, which is expected to increase Cardano's transaction processing capacity by 10 to 65 times, aiming to exceed 1,000 transactions per second, with testing planned for June and full launch by the end of the year; second, the Bitcoin DeFi system Pogun, which allows Bitcoin holders to lend and earn through Cardano without having to trust centralized institutions, with lending features expected to be publicly released in the second quarter.This voting involves about 1,000 elected representatives (DReps), with the voting deadline set for May 24. The results will test whether the Cardano community views Input Output as a regular funding applicant.Meanwhile, the new stablecoin USDCx in the Cardano ecosystem has reached a circulation of 14.6 million coins within weeks of its launch, and the total locked assets on the network have increased from $137.5 million to $142.7 million.

According to Cointelegraph, a court in Texas, USA, dismissed a lawsuit filed by crypto developer Michael Lewellen. Lewellen sought a declaratory judgment from the court, stating that his developed software Pharos (used for donating to charitable crowdfunding activities) would not be prosecuted for violating money transmission laws. U.S. Chief District Judge Reed O'Connor dismissed the case on Wednesday, stating that Lewellen failed to demonstrate a credible and imminent threat of prosecution.Lewellen expressed his disappointment on the X platform, saying, "I am disappointed that the court dismissed my lawsuit today." The court's dismissal opinion also referenced a memorandum from the U.S. Department of Justice, which stated that the department would no longer prosecute virtual currency exchanges, mixing services, or offline wallets for actions or inadvertent violations by their end users. Lewellen added, "The non-binding memorandum from the Department of Justice cannot replace true legal certainty."

The Federal Court for the Northern District of California recently dismissed Coinbase user Roger Metz's attempt to block the IRS subpoena.Metz claimed that the IRS's subpoena requiring Coinbase to hand over financial records related to its 2022 tax audit violated his privacy rights and procedural rules, and stated that he had discovered errors and paid additional taxes before the subpoena was issued. The court ruled that Metz's failure to notify the U.S. Attorney General within 90 days constituted "insufficient service," dismissing the case but allowing him to resubmit the application in the future.

According to The Block, the U.S. Court of Appeals for the Tenth Circuit voted 7 to 3 to deny Custodia Bank's request for an en banc review, upholding the October 2025 panel's ruling that the Federal Reserve has the authority to approve or deny master account applications from eligible institutions.Notably, just days ago, the Kansas City Fed granted Kraken its first limited cryptocurrency master account, while the Federal Reserve is also developing a broader "streamlined master account" framework.Custodia is a Wyoming-chartered special purpose depository institution founded by Wall Street veteran Caitlin Long. The company first applied for a master account in October 2020. The Kansas City Federal Reserve Bank confirmed in early 2021 that there were "no significant issues" with the application, but ultimately denied it in January 2023 due to concerns about the bank's focus on a cryptocurrency business model.Custodia filed a lawsuit in June 2022, initially regarding a 19-month delay in approval, and later argued that the Currency Control Act grants any eligible depository institution the right to obtain a master account by law. Courts at all levels dismissed the lawsuit.