Yuga Labs has appointed Michael Figge as CEO, transitioning founder Greg Solano to Board Chair. Figge, previously Chief Product Officer, has been acting as CEO. Solano will focus on creative direction as the company develops its metaverse project, Otherside.

Senate Banking Committee Chair Tim Scott has delayed advancing the CLARITY Act due to unresolved issues, including stablecoin disputes and DeFi provisions. With a critical May deadline approaching, the bill's future remains uncertain amid political challenges.

Kevin Warsh, nominated by Trump for Federal Reserve chair, is the wealthiest candidate in recent history, with a net worth up to $209 million. His diverse investments include Silicon Valley, fintech, and AI. Despite potential conflicts, he has a modern view on digital assets.

Kevin Warsh, nominated for Federal Reserve Chair, has disclosed investments in various crypto projects including Solana and Compound. Experts believe he likely invested indirectly through digital asset-focused funds ahead of his confirmation hearing.

Kevin Warsh, nominated for Federal Reserve Chair, reported investments in over 20 digital asset companies. His portfolio includes DeFi platforms, blockchain networks, and Web3 projects. The Senate Banking Committee may advance his nomination, raising potential conflict of interest concerns.

Kevin Warsh, nominee for Federal Reserve Chair, has disclosed early-stage investments in various crypto infrastructure projects, including DeFi and layer-2 networks. His portfolio, small and illiquid, suggests indirect venture capital exposure rather than direct trading assets.

Former CFTC Chairman Chris Giancarlo announced that he will take on the role full-time as a crypto and technology adviser, continuing to push the development of digital currencies and financial technology. He had been dubbed “Crypto Dad” for his support of the crypto industry, and after stepping down he has provided consulting services to multiple organizations.

CFTC Chair Mike Selig emphasized that the CFTC has the only regulatory authority over prediction markets, and that states cannot replace federal oversight. At the same time, the CFTC is clarifying regulatory details through rulemaking and welcomes public input. In addition, the digital asset classification guidance jointly released by the CFTC and the SEC will help businesses clearly determine the nature of digital assets.

U.S. Commodity Futures Trading Commission Chair Mike Selig announced the formation of an Innovation Working Group, aimed at providing industry rules for innovators. The working group consists of five experts, focusing on advancing regulatory clarity and market integrity in areas such as cryptocurrency, blockchain, and AI.

Cynthia Lummis, chair of the U.S. Senate Digital Assets Banking Subcommittee, chaired a roundtable in Wyoming to discuss the state’s digital asset regulation and the two-track banking system, emphasizing Wyoming’s leading position in the digital asset space and its influence on federal policy.