June 20, 2026
Crypto

US court rules AI ads make Meta liable for fraud

A US court has found that Meta’s AI ads tools materially developed fraudulent investment content, stripping Section 230 immunity and exposing the platform

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Crypto

Virginia redistricting vote struck down 4-3

Virginia redistricting referendum was struck down 4-3 by the state Supreme Court on May 8, with Democrats immediately filing to appeal to SCOTUS

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Crypto

Morgan Stanley launches ETrade crypto at 0.5% fee

Morgan Stanley has launched E*Trade crypto trading at 0.5%, undercutting Coinbase, Schwab, and Robinhood in a pilot set to reach 8.6 million users.

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Crypto

Banks try to kill the CLARITY Act

The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup

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Crypto

Stablecoin execs warn on hard part ahead

Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and

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Crypto

Connecticut passes sweeping AI regulation law SB5

Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most comprehensive state AI laws

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Crypto

Pentagon publishes 162 UAP files including Apollo photos

The Pentagon released 162 UAP files on May 8, including NASA Apollo moon photos and 1965 astronaut audio Summary The Department of War

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Crypto

Amazon lets AI bots pay in USDC via Coinbase x402

Coinbase x402 is now native to Amazon Bedrock AgentCore, letting AI agents pay for services in USDC without human input Summary AWS launched

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Crypto

OpenAI IPO targets late 2026 as revenue hits $25bn

OpenAI has crossed $25bn in annualized revenue and is actively preparing its OpenAI IPO for as early as the fourth quarter of 2026.

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Crypto

US adds 115,000 April jobs, beating forecasts

The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus forecast of 62,000. Summary The Bureau of Labor

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