The U.S. House of Representatives is poised to vote on a resolution Wednesday to reject the Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has deterred banks from handling crypto customers, but President Joe Biden is already promising he'll veto the effort if it hits his desk.

The popular trading platform also beat first quarter revenue and earnings estimates.

Ngako is speaker at this year's Consensus festival, in Austin, Texas, May 29-31.

Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.

In this week's issue of The Protocol newsletter, we dive into the crypto industry's fundraising method du jour – it's all about the decentralization! PLUS: Polyhedra says its ZK prover is 2x faster than anyone else's.

The principle of an open internet underpinned the growth of the early Web and is just as necessary now. If only the SEC could back innovation in a similar way, says Sarah Aberg, General Counsel at Nova Labs, the company behind Helium Mobile.

A new DCG-funded survey found one-in-five voters think crypto is a key issue in U.S. elections this November.

Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.

The NBA's Victor Oladipo and racecar driver Landon Cassill also struck deals, and a group of Voyager investors said this was the "first tranche" of settlements with promoters of the former cryptocurrency lender.

Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline was is coming later.