According to Odaily Planet Daily, the legislative process for the US cryptocurrency market structure is accelerating, with Congress pushing for a markup phase as early as mid-May. However, ethical issues and the cryptocurrency interests associated with Donald Trump remain uncertain, adding to the uncertainty of the progress. Senator Thom Tillis, one of the main proponents, stated that he has asked Senate Banking Committee Chairman Tim Scott to schedule hearings and advance the revision and voting process, while also hoping to release a new version of the bill before deliberation. However, Tillis emphasized that he will oppose the bill's passage if it does not include explicit ethical provisions. With the midterm elections approaching, related ethical issues are expected to become a key focus for the Democratic Party.

Odaily Planet Daily reports that US President Trump stated he doesn't care if Jerome Powell remains a member of the Federal Reserve Board of Governors after his term as Chairman ends. Powell's term as Chairman ends on May 15th, but his term as Governor runs until 2028, and he indicated his intention to "continue serving as a Governor for an indefinite period." Meanwhile, Kevin Warsh is expected to receive full Senate approval before Powell's term ends, and Powell's continued tenure could complicate Trump's efforts to reshape the Federal Reserve. When asked if he planned to take any action regarding Powell's decision to remain a Governor, Trump replied, "No, I don't care if he stays. I just want to make sure Kevin gets the job."

Odaily Planet Daily reports that the Arbitrum DAO has launched a governance vote to release 30,766 ETH previously frozen to support DeFi United, a post-Kelp DAO recovery plan. These assets, valued at approximately $71.1 million, were frozen by the Arbitrum Security Committee on April 20th and were originally funds transferred into the Arbitrum network by the attackers. If the proposal passes, this will be the largest single injection of funds into the DeFi United plan. Initially, 16.9 million ARBs have supported the proposal, and there are currently no opposing votes. Voting will continue until May 7th.

Odaily Planet Daily reports that the U.S. Senate unanimously passed a resolution (S. Res. 708) banning senators from participating in prediction market trading, effective immediately. The proposal, introduced by Bernie Moreno, aims to curb speculative trading using non-public information. Recent incidents have drawn regulatory attention, including cases of individuals profiting from confidential information in prediction markets. Meanwhile, platforms such as Kalshi and Polymarket are strengthening internal controls to prevent insider trading. At the state level, New York and Illinois have also implemented similar measures to restrict public officials from using non-public information to participate in prediction markets.

MyToken data monitoring shows that on 【May 1st, 05:42】 (Beijing Time), an address starting with 【0x55fe】 transferred 【111064850 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【111.08 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/