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Failure is Not an Option, Only Winning or Learning | Not Financial Advice

[CoinMarketCap @CoinMarketCap]

LATEST: ⚡ SEC Commissioner Hester Peirce urged regulators not to treat crypto privacy tools as signs of criminal intent, saying privacy should be the norm for law-abiding users.

[Senator Cynthia Lummis @SenLummis]

Without the Clarity Act, if a digital asset exchange goes bankrupt, customers have no guaranteed right to their own assets. They join a creditor line w/ other Wall Street firms and expensive lawyers and hope for the best. This is a consumer protection failure Congress must fix.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 US Treasury Secretary Bessent calls on Congress pass crypto Clarity Act.

"The most important thing we can do is make digital assets come into the United States."

[FinancialJuice @financialjuice]

🔴 US GDP QoQ 2nd Estimate Actual 1.6% (Forecast 2%, Previous 2.0%)

US GDP Price Index Actual 3.5% (Forecast 3.6%, Previous 3.6%)

US GDP Deflator SA Prelim Actual 3.5% (Forecast -, Previous 3.6%)

[FinancialJuice @financialjuice]

🔴 US Initial Jobless Claims Actual 215k (Forecast 210.5k, Previous 209k)

US Continued Jobless Claims Actual 1.786M (Forecast 1.784M, Previous 1.782M)

[FinancialJuice @financialjuice]

🔴⚠️ US PCE Price Index YoY Actual 3.8% (Forecast 3.8%, Previous 3.5%)

US PCE Price Index MoM Actual 0.4% (Forecast 0.5%, Previous 0.7%)

US Core PCE Price Index YoY Actual 3.3% (Forecast 3.3%, Previous 3.2%)

US Core PCE Price Index MoM Actual 0.2% (Forecast 0.3%, Previous 0.3%)

US Consumer Spending MoM Actual 0.5% (Forecast 0.5%, Previous 0.9%)

[Watcher.Guru @WatcherGuru]

JUST IN: 🇮🇹 Banca Sella to become first Italian bank to offer crypto services.

[CoinDesk @CoinDesk]

INSIGHT: The Digital Chamber urges the OCC to defend its crypto trust bank charter approvals for firms including @Coinbase, @Ripple, @Circle and @BitGo, pushing back on Sen. Warren's claim that the approvals violate banking law.

[Eleanor Terrett @EleanorTerrett]

🚨NEW: President Trump just praised the @CFTC and @ChairmanSelig’s fight for federal preemption over prediction markets while touting America as the Crypto/Bitcoin Capital of the World.

“It is a major industry and we must protect it.”

[First Squawk @FirstSquawk]

US CB CONSUMER CONFIDENCE (MAY) ACTUAL: 93.1 VS 92.8 PREVIOUS; EST 92.0

[Michael Saylor @saylor]

Strategy has completed the repurchase of $1.5 billion of its 2029 Convertible Notes at an ~8% discount to par, generating an incremental 0.7% BTC Yield and lowering aggregate debt to $6.7 billion. $MSTR $STRC https://t.co/cbx4BlpsKV

[CoinMarketCap @CoinMarketCap]

JUST IN: ⚡ Bitmine acquired 111,942 ETH last week, bringing its total holdings to 5.39 million ETH — 4.47% of the entire Ethereum supply.

[Solid Intel 📡 @solidintel_x]

INTEL: SEC delays plan to allow tokenized US stocks after Wall Street pushback over synthetic shares, shareholder rights and sanctions risks

[CoinGecko @coingecko]

NEWS: Strategy skipped buying Bitcoin this week to buy bonds.

[CoinDesk @CoinDesk]

NEW: The SEC conditionally approves Nasdaq PHLX to list cash-settled $BTC index options under the ticker $QBTC, pending CFTC approval.

[Senator Cynthia Lummis @SenLummis]

I’ve sat through years of hearings, negotiations, and rewrites to get the Clarity Act to this point, and the reason is simple: American consumers and industry deserve a real framework, not regulatory limbo.

[Eleanor Terrett @EleanorTerrett]

🚨NEW: SEC Commissioner and Crypto Task Force chief @HesterPeirce is tempering expectations around the agency’s contemplated innovation exemption for tokenized stocks, saying she expects it to apply narrowly to onchain equity products, not synthetic tokens that mimic stocks without giving investors the same shareholder rights. ⬇️

[Eleanor Terrett @EleanorTerrett]

This means the Clarity Act will now be competing for floor time in June with reconciliation, FISA, as well as the housing bill that passed the House this week.

The reality of whether the Senate can get two major pieces of legislation done amid time constraints and competing priorities is beginning to set in, and the question of whether one will inevitably slip into July is now being asked.

There are four working weeks in June and just three in July before the August recess.

[zerohedge @zerohedge]

Mfg PMI 55.3, Exp. 53.8
Services PMI 50.9, Exp. 51.2

[DB News @DBNewswire]

*US JOBLESS CLAIMS 209K IN MAY 16 WEEK; EST. 210K
*US CONTINUING CLAIMS 1.782M IN MAY 9 WEEK; EST. 1.785M