The SEC Delays Approval of Plan for "Tokenization of Stocks" Trading

May 23 — Two insider sources have revealed that CATL is planning to join the funding round for domestic Chinese artificial intelligence firm DeepSeek. DeepSeek’s target for its initial financing round is roughly 50 billion yuan, and the deal could close as early as next month. Once finalized, the company’s valuation may exceed 350 billion yuan. JD.com and NetEase are also reportedly in talks to invest, though the final list of backers and their contribution amounts could still change. In recent years, CATL has been accelerating its expansion into AI data center infrastructure. Beyond power batteries, the company supplies backup power batteries and energy storage systems for data centers. Earlier this month, a CATL affiliate already invested $942 million in WDC and backed Zhongheng Electric, a manufacturer of data center power supply systems. Reports indicate DeepSeek has built its own data center in Inner Mongolia and is currently hiring data center operation and maintenance staff th

On May 23, a post from "Fed Whisperer" Nick Timiraos outlined key moments from Kevin Wash’s swearing-in ceremony at the White House: - Trump urged Wash to be "entirely independent," saying he hoped Wash would not look to him or anyone else for guidance. - Just two minutes later, Trump offered his economic policy preferences, stating, "Strong economic growth doesn’t need to be cooled down," "Economic growth does not mean inflation," and expressing a desire for unprecedented economic prosperity given the national debt that needs addressing. - Trump hinted at a convergence of views among Federal Reserve decision-makers, noting that while other Fed policymakers will make their own decisions, they will "listen to Kevin’s opinions throughout"—even those with "slightly differing positions." - Wash referenced former Fed Chair Alan Greenspan, not Ben Bernanke, in his historical remarks. Citing Greenspan’s 1987 White House swearing-in, Wash pledged to serve with "abundant energy and a sense of m

WASHINGTON, May 23 (Xinhua) — The Federal Reserve’s 17th Chair, Wash, was sworn in at the White House on Friday. In his remarks after the swearing-in, Wash stated: “The Federal Reserve’s core mission is to advance price stability and full employment. By pursuing these goals with wisdom, clarity, independence, and firm resolve, we can bring down inflation, drive stronger economic growth, lift real wages, build greater prosperity for the U.S., and equally importantly, strengthen America’s global standing.” He added: “To fulfill this mission, I will lead a reform-focused Federal Reserve that learns from both past successes and missteps, moves beyond rigid frameworks and outdated models, and upholds clear standards of integrity and performance in all our work.”

May 23 – U.S. Treasury Secretary Yellen said Fed Chair Powell will make the right call on interest rate cuts. (FXStreet)

On May 23, Americans for Fair Markets (AFM)—a Kalshi-backed advocacy group focused on prediction markets—officially launched, with former White House Deputy Chief of Staff Taylor Budowich joining as its strategic advisor. AFM’s stated priorities include pushing for a federal-level regulatory framework for prediction markets, while opposing restrictions on the industry from traditional gambling and allied interest groups. John Bivona, Kalshi’s Head of Government Relations, emphasized that millions of Americans have already signaled their support for regulated, open, and fair prediction markets. The launch comes amid growing tensions over the fast-expanding prediction market sector, with escalating disputes over regulatory authority between U.S. federal and state agencies. Separately, Congress recently launched an insider trading investigation into Kalshi and peer prediction platform Polymarket. AFM noted it will back bans on insider trading and will oppose prediction markets linked to

On May 23, Kevin Wash was sworn in as Chair of the Federal Reserve.