Upcoming Important Events in the Crypto Assets Industry for the Next Week

May 19

U.S. legislators will conduct a final vote on the stablecoin GENIUS Act.

The U.S. Senate is scheduled to vote on the "GENIUS Act" on May 19. The act aims to establish the first federal regulatory framework for stablecoins in the United States, requiring large stablecoin issuers to be regulated by the Federal Reserve, while smaller institutions are regulated at the state level. The act also stipulates that all stablecoins must be fully backed by assets such as U.S. dollars or government bonds. The latest amendments propose to introduce stricter rules for technology companies involved in financial assets and enhance consumer protection mechanisms. The outcome of this vote will directly impact the regulatory direction of the United States in the digital assets space.

Coinbase will be officially included in the S&P 500 index.

The crypto asset exchange Coinbase will officially be included in the S&P 500 Index on May 19, becoming the first pure crypto business to be selected for this benchmark index. This move marks the gradual recognition of the crypto industry by the mainstream market. After the announcement, Coinbase's stock price surged in after-hours trading.

The Chicago Mercantile Exchange plans to launch XRP futures.

CME Group plans to launch XRP futures on May 19, pending regulatory review. Traders can choose between a micro contract for 2,500 XRP( and a standard contract for 50,000 XRP). These futures will be cash-settled, based on the CF XRP-USD reference rate. XRP futures will join CME Group's Crypto Assets product suite, enriching its derivatives ecosystem.

( Sahara AI launched the SIWA public testnet

The decentralized AI blockchain platform Sahara AI will launch the SIWA public testnet on May 19, marking its transition from closed testing to open testing. Participants can earn reward points through tasks such as data labeling and model validation. Sahara AI is committed to achieving on-chain management, licensing, and ownership of AI assets through blockchain technology.

) multiple project coin unlock

Pyth Network###PYTH###, Polyhedra Network(ZKJ), and Pixels(PIXEL) will unlock a portion of their tokens on May 19, with the unlocked amounts being approximately 2.13 billion, 15.53 million, and 9.118 million, respectively.

May 20

( Texas Bitcoin Reserve Bill Second Review

The Texas Legislature will conduct a second review of the "Texas Strategic Bitcoin Reserve" bill on May 20. If passed, Texas will become the third state in the U.S. to approve the establishment of a Bitcoin reserve. The bill authorizes the establishment of a special fund to purchase Bitcoin, with funding sources including legislative appropriations, airdrops, fork profits, and more.

) FIFA Collect plan migrates to exclusive EVM chain

The FIFA Collect platform is scheduled to migrate to the EVM-compatible FIFA Blockchain after May 20, 2025. Assets within the platform will automatically migrate, but users need to re-import off-chain collectibles before May 20. After the migration, the platform will support EVM wallets such as MetaMask and will no longer be compatible with Algorand wallets.

New York held the first Crypto Assets summit

New York City will host its first Crypto Assets Summit on May 20, aiming to make New York the "global capital of crypto assets." Mayor Eric Adams stated that the city is focused on the long-term value of blockchain technology and advocates for a balanced regulatory framework to protect investors and promote innovation.

Story and Encode Club are hosting an online Buildathon.

Story will launch the online Buildathon "Surreal World Assets" on May 20, focusing on IP x AI x RWA innovation. The event has set up seven major awards, with a total prize pool of $57,000. Winning projects will have the opportunity to pitch directly to investors and seek incubation support.

May 21

Hong Kong "Stablecoin Regulation Bill" resumes second reading debate

The Hong Kong Legislative Council plans to resume the second reading debate of the "Stablecoin Bill" on May 21. The Secretary for Financial Services and the Treasury, Christopher Hui, stated that once the relevant regulations are passed, the Monetary Authority will expedite the approval of license applications to promote the development of Hong Kong's virtual asset ecosystem.

Federal Reserve officials speak on economic outlook

On May 21, 2025, FOMC voting member and St. Louis Fed President Musalem will speak on the economic outlook and monetary policy.

May 22

CFTC solicits comments on new trends in the derivatives market deadline

The U.S. Commodity Futures Trading Commission ### CFTC ### is seeking public comments on 24/7 trading of derivatives markets and perpetual contracts, with a deadline of May 22. The CFTC stated that this move aims to proactively address changes in market structure.

( Trump will attend the TRUMP dinner

Trump plans to personally attend the TRUMP dinner on May 22. The Meme coin $TRUMP official stated that the next phase plan will be announced on the day of the dinner.

) CleanSpark Bitcoin mining site proposal review

CleanSpark, a Crypto Assets mining company in Nevada, will have its Bitcoin mining facility proposal in Mountain City, Tennessee reviewed by the planning commission on May 22. The project spans 50.48 acres and promises to use low-noise equipment while providing job opportunities.

Hyperlane stops claiming HYPER tokens

The Hyperlane Foundation announced that the application for HYPER tokens will end on May 22nd at 21:00.

YZi Labs Global Incubation Program Application Deadline

The 10-week offline global incubation program EASY Residency launched by YZi Labs will close applications on May 22. This program focuses on the fields of Web3, AI, and healthcare, providing selected teams with mentorship and potential investment opportunities.

May 23

THORChain plans to upgrade to v3.6.0

THORChain plans to upgrade its mainnet to version 3.6.0 around 1 AM on May 23. This upgrade mainly involves updates to the Rujira contract verification and does not include critical fixes or consensus changes.

New York Fed President Williams delivered a speech

New York Fed President Williams will deliver a keynote speech at the Monetary Policy Implementation Seminar on May 23.

May 24

Initia airdrop token collection deadline

The airdrop claim for the full-chain Rollup L1 network Initia will end on May 24 at 18:00. Currently, 93% has been claimed, with approximately 3.4 million $INIT tokens remaining to be claimed.