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BlockBeats news, on May 15, Fed Governor Stephen Milan officially submitted his resignation on Thursday, stating that he would vacate his position on the Fed board at or before the inauguration of the new chairman, Kevin Warsh.
Since Adriana Kugler suddenly resigned in August 2025, Milan has taken over her board position. Milan has consistently played a dissenting role in the Federal Open Market Committee (FOMC), which sets interest rates. In the six FOMC meetings he attended, he voted 'no' every time.

According to BlockBeats, on May 15, Aave Labs proposed to restructure the Aave DAO bug bounty system by breaking down different protocol modules into multiple independent bounty programs, operated separately by Immunefi, Sherlock, and Cantina. Among these, the maximum bounty for serious vulnerabilities in Aave V4 is set to increase from $500,000 to $2.5 million, while the maximum bounty for serious vulnerabilities in the core version Aave V3 is expected to rise from $1 million to $5 million.
This proposal also plans to shift the responsibility for the Aave V3 on Aptos bug bounty funds from Aave Labs to Aave DAO, and evaluate the performance of multi-platform parallel models in the next 6 to 12 months.

BlockBeats reports that on May 15, Strive, a Bitcoin treasury company, will release its Q1 2026 financials, announcing that starting June 16, 2026, its SATA preferred shares will shift to a daily dividend payout based on working days, maintaining an annual dividend yield of 13%.
As of May 12, 2026, Strive's Bitcoin reserves have hit 15,009 BTC, which includes about 5,048 BTC acquired through the purchase of Semler Scientific. In Q1 2026, the company added 6,001 BTC to its holdings, and during Q2 up until May 12, it acquired an additional 1,381 BTC. The financial report reveals that Strive's Q1 GAAP net loss stands at $265.9 million, with approximately $295.8 million of that loss tied to the decline in the fair value of its Bitcoin holdings.

BlockBeats news, on May 15, last night and this morning, the U.S. Senate Banking Committee passed the Cryptocurrency Market Structure Bill (known as the CLARITY Act) with a vote of 15 in favor and 9 against. The bill has officially been submitted to the full Senate for a vote. All 13 Republican members voted in favor, while two Democratic legislators crossed party lines to support it. Democratic chief member Elizabeth Warren and 8 others voted against.
As a result, Bitcoin made a strong rebound in the early hours, briefly breaking above $82,000 before pulling back, currently priced at $81,075.48. From a technical perspective, Bitcoin has clearly been facing resistance from the 200-day moving average recently.

BlockBeats reports that on May 15, according to Ember monitoring, Multicoin Capital transferred 150,000 AAVE (worth $14.91 million) to Galaxy Digital and BitGo in the last hour. Those AAVE were then spread out from Galaxy Digital and BitGo to CEXs like Binance, OKX, Coinbase, and Bybit, possibly to short.
Multicoin Capital stacked 338,000 AAVE last November at $219. Now they're selling at $99, and it looks like they're facing a loss of over $40.56 million (-55%) on AAVE.

BlockBeats news, on May 15, the U.S. Office of Government Ethics released two latest financial disclosure documents on Thursday, showing that Trump earlier this year disclosed a massive financial trading position worth at least $220 million, involving securities from several major American companies. The new disclosure covers the first three months of 2026, with trades totaling within a broad range of $220 million to about $750 million. Big buys valued between $1 million to $5 million include S&P 500 index funds, Nvidia, and Apple. Large sells valued between $5 million to $25 million include Microsoft, Amazon, and Meta.

According to BlockBeats, on May 15, the crypto trading platform Gemini released its Q1 financial report, with revenue hitting $50.3 million, a 42% increase from $35.3 million in the same period last year, which led to its stock price surging by as much as 30% in after-hours trading.
The company indicated that the growth primarily stemmed from service operations, OTC trading, and crypto-related credit card services like the Gemini Credit Card. The credit card segment alone saw revenue increase by about 300% year-over-year, nearing half of the total revenue.
Gemini has also revealed data on its prediction market operations for the first time. Since launching last December, this segment has attracted over 20,000 users trading contracts, with a total of over 100 million contracts traded, contributing approximately $400,000 in revenue. The company stated that April's trading volume grew a further 78% compared to the previous month.

BlockBeats news, on May 15, after the official passage of the Cryptocurrency Market Structure Act (the CLARITY Act), Democratic Senator Brooks spoke in support of the bill's continued advancement. He stated: the digital revolution has arrived, providing clear opportunities to support small businesses, create wealth, and spark innovation. The fact is, this digital revolution is here whether we regulate it or set rules or not. My 20-year-old daughter and her peers make it abundantly clear to me: they are excited about this innovation, they believe the digital revolution is crucial, and they not only want to participate safely but also seek what every American desires—real and continually growing economic opportunities, along with the chance to create generational wealth.

BlockBeats reports that on May 15, Republican senators proposed an amendment during the Banking Committee review of the CLARITY Act, calling for a regulatory framework by the SEC and CFTC for the issuance and sale of digital assets, aimed at providing enforcement for investor and consumer protection.
Democratic Senator Warren opposed the amendment, stating we should call it the 'Ninth Shroud'. She claimed to restore state-level consumer and investor protections and the ability for harmed investors to sue, but it's riddled with exceptions, additional conditions, and loopholes, making it essentially meaningless. One of the most severe and fatal flaws of this amendment is that it strips away state enforcement powers. As the crypto industry evolves, scams are on the rise, and state-level regulators are the only line of defense for law-abiding Americans. If this amendment actually did something, I would support it. But in reality, it accomplishes nothing, just fooling people into thinking action was taken.

BlockBeats reports that on May 15, Senator Cynthia Lummis proposed an amendment during the banking committee review of the (CLARITY Act), calling for the existing insider trading prohibitions of securities law to apply to crypto assets, specifically 'ancillary assets'.
BlockBeats note: 'Ancillary assets' refers to a category of crypto assets defined in the bill that are related to securities but are not fully considered securities.
Senator Warren is against the amendment, stating that it only scratches the surface but the bill itself creates a bigger loophole—many assets with securities characteristics won't even be classified as 'ancillary assets', thus completely escaping insider trading rules. While I'm all for tackling all forms of insider trading, this patch is far from enough to solve the issue, and it gives the public a false sense of security, making them think they're safe from insider trading in the crypto space—when in reality, they are not. Insiders will still exploit the gaps. So I urge my colleagues to vote against it.

BlockBeats reports that on May 15, Senator Cynthia Lummis proposed an amendment during the Banking Committee review of the (CLARITY Act), addressing the permissible scope of banks and credit unions in digital asset activities. The modifications include: clarifying the trading activities banks are allowed to engage in and expanding the scope to include insured deposit institutions.
Senator Warren opposes the amendment, stating, "I acknowledge that this amendment makes some limited improvements to a portion of the bill (significantly expanding the crypto-related activities banks can engage in under taxpayer insurance protection), but it's still not enough. With this amendment, banks would be able to participate in decentralized finance transactions, lend using crypto assets as collateral, directly trade crypto assets, trade crypto derivatives, and so on—there are many points where things could go sideways. Why are Republicans trying to shuffle Americans' deposits away from small business loans and home loans? It makes no sense at all. Even if this amendment passes, the next crypto crash could still drag down banks, and in turn, the entire economy. We should just scrap this part altogether instead of patching it up on the edges and pretending the problem is solved."