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Today — 9 May 2026Main stream

Kraken’s Etana fraud suit targets CEO Russell

9 May 2026 at 03:30
Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on…

Tennessee Republicans erase last Black majority district

9 May 2026 at 02:55
Tennessee Republicans have erased the state’s last Black majority congressional district, splitting Memphis into three GOP-leaning seats. Tennessee Republicans have erased the state’s last Black majority congressional district, splitting Memphis into three GOP-leaning seats. The Republican-controlled legislature passed the new…

Oxford finds warmer AI chatbots make more mistakes

9 May 2026 at 02:00
Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often, according to…

US Senate Banking Committee Expected to Hold a Formal Vote on CLARITY Act as Early as Next Week

9 May 2026 at 01:15
The Senate Banking Committee is expected to hold a formal CLARITY Act vote as early as next week, Coinbase said at Consensus 2026. Coinbase says the CLARITY Act is heading for a Senate Banking Committee vote as early as next…

Why NATO allies are reconsidering US leadership

9 May 2026 at 00:40
NATO allies are openly questioning whether the US should still lead the alliance following Trump’s decision to launch strikes on Iran without consulting them. NATO allies are questioning US leadership after Trump launched strikes on Iran without consulting the alliance,…

Why the White House rejects strict AI regulation

8 May 2026 at 23:45
The White House says voluntary partnerships, not strict mandates, are the right approach to AI regulation. The Trump administration released its National Policy Framework for AI regulation in March 2026, built around voluntary industry agreements rather than top-down mandates. The…

Shapiro sues Character.AI over fake psychiatrist

8 May 2026 at 22:55
Josh Shapiro has sued Character.AI after a chatbot falsely posed as a licensed Pennsylvania psychiatrist and offered medical advice to a state investigator. Pennsylvania Governor Josh Shapiro sued Character.AI on May 6, targeting the company’s chatbots for allegedly practicing medicine…

OpenAI’s GPT-5.5-Cyber arms cyber defenders

8 May 2026 at 22:37
OpenAI has released GPT-5.5-Cyber to vetted cyber defenders, giving them reduced guardrails for specialized security workflows. OpenAI released GPT-5.5-Cyber on May 7 in limited preview, targeting security professionals defending critical infrastructure. The company describes it as the most permissive model…

Yesterday — 8 May 2026Main stream

Crypto firms pursue bank licenses at Consensus

8 May 2026 at 01:10
Executives at federally regulated banks told a Consensus Miami 2026 panel that crypto companies are increasingly seeking bank licenses as the industry moves toward regulated financial infrastructure. Executives at federally regulated banks told the Consensus Miami 2026 Policy Summit on…

Delmore maps crypto PAC spending at Consensus

8 May 2026 at 00:40
Breadcrumbs analyst James Delmore presented a live breakdown of crypto PAC spending at the Consensus Miami 2026 Policy Summit on Thursday. James Delmore, a research analyst at Breadcrumbs who has tracked crypto industry political spending since the 2024 cycle, took…

Ashley Moody defends Washington’s approach to crypto

7 May 2026 at 23:30
Senator Ashley Moody took the Consensus Miami 2026 stage on Thursday to tell the crypto industry how she sees the relationship between Washington and digital assets. Senator Ashley Moody took the Consensus Miami 2026 stage on Thursday alongside Digital Chamber…

Before yesterdayMain stream

SoFi’s crypto relaunch earns $121m, keeps $852k

7 May 2026 at 22:20
SoFi generated $121.6 million in crypto transaction revenue in Q1 2026, its first detailed public disclosure since the bank relaunched crypto trading, but $120.7 million of that went to costs. SoFi’s relaunched crypto unit generated $121.6 million in transaction revenue…

Fairshake defends midterm spending as voter trust crashes

7 May 2026 at 03:00
Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money. Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz,…

Robinhood defends Wall Street’s slow crypto pivot

7 May 2026 at 01:45
Robinhood said at Consensus Miami 2026 that Wall Street is now actively building on crypto rails, though institutional adoption is moving slower and more fragmented than the industry expected. Executives from Robinhood-owned Bitstamp, Ondo Finance, and Babylon Labs told Consensus…

Why Gillibrand believes the CLARITY Act will pass in 2026

6 May 2026 at 23:10
Senator Kirsten Gillibrand took the Consensus Miami 2026 mainstage on Day 2 and expressed optimism about the CLARITY Act’s prospects in Congress, appearing alongside Kevin O’Leary and Coinbase’s Paul Grewal. Senator Kirsten Gillibrand took the mainstage at Consensus Miami 2026…

Tim Scott sets May target for CLARITY Act markup

6 May 2026 at 22:40
Tim Scott said the Senate Banking Committee is nearing consensus and working toward a bipartisan CLARITY Act markup in May, setting the most concrete timeline commitment yet on the long-delayed legislation. Senate Banking Committee Chair Tim Scott said his panel…

Arthur Hayes rejects crypto regulation at Consensus Miami

6 May 2026 at 22:15
Arthur Hayes told Consensus Miami 2026 that the CLARITY Act misses the point of crypto, arguing that bitcoin’s value comes precisely from operating outside any regulatory system. BitMEX co-founder and Maelstrom CIO Arthur Hayes took the stage at Consensus Miami…

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