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Harrisx, a public opinion research and polling firm, released a national survey on May 7 showing broad voter support for the Digital Asset Market Clarity (CLARITY) Act of 2025. The poll found 52% supported the bill after voters reviewed a policy summary of the legislation, while 11% opposed it. Harrisx surveyed 2,008 registered voters from May 1-4, 2026, with a margin of error of 2.2 percentage points.
Support for the CLARITY Act extended across political groups after voters reviewed a summary of the legislation. Republicans, Democrats, independents, and likely midterm voters all backed the bill by wide margins. Support was strongest among crypto owners, voters familiar with digital assets, and respondents already aware of CLARITY. Awareness of the legislation remained limited overall, with 64% saying they had not heard of the bill before the survey. Another 14% said they had heard a lot, while 22% had heard a little.
Digital asset familiarity remains uneven, though crypto ownership has become politically relevant. Harrisx found 39% of voters are familiar with digital assets and blockchain technology, while 61% are not. Still, two in five voters have purchased crypto at some point, and 30% bought crypto in the past year. The survey found familiarity and ownership are concentrated among men and voters under 35. Separately, 70% said the United States should already have passed clear cryptocurrency legislation, while 60% preferred federal legislation over case-by-case enforcement.
Offshore market structure added urgency to the findings. Only one-third of voters knew eight of the 10 largest cryptocurrency exchanges are based outside the United States. After learning that, 46% said crypto trading beyond U.S. oversight is at least somewhat problematic, while only 13% called it fine or good. The CLARITY Act would clarify whether the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC) oversees different digital assets. It would also create registration rules for exchanges and custodians and establish consumer protection standards for the digital asset industry.National security ranked as the strongest argument for passing the legislation. Harrisx found 56% of voters said future digital payment systems built and controlled outside the United States would weaken U.S. national security. More than two in five voters said foreign-issued stablecoins becoming dominant would weaken the global role of the U.S. dollar. When asked which argument best supported CLARITY, 23% chose keeping the dollar and U.S. payment systems central to global finance. Law enforcement and illicit finance followed at 17%, while consumer protection and fraud prevention reached 16%.
Election findings gave the bill added political weight. Harrisx found 37% of voters would be more likely to support a senator who votes for CLARITY, while 17% would be less likely, creating a net 20-point benefit. The effect remained positive with Republicans, Democrats, and independents. Another 47% said they would consider voting outside their preferred party if that candidate supported CLARITY and their party did not. For the 2026 midterms, 52% said a candidate’s position on cryptocurrency regulation will be at least somewhat important to their vote. Among crypto owners, that figure rose to 78%.
The findings came as the U.S. Senate Banking Committee scheduled a May 14 executive session to consider the CLARITY Act. The markup was set to give lawmakers their first formal committee debate over the bill and determine whether it advances to the full Senate vote.
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U.S. District Judge Lewis A. Kaplan, who presided over Bankman-Fried’s 2023 fraud trial and sentenced him to 25 years in prison, issued the ruling in New York, according to court records reported by Bloomberg and Inner City Press. The judge described Bankman-Fried’s arguments as “baseless on multiple independently sufficient levels.”
The motion, filed pro se around Feb. 10, 2026, asked the court to grant a new trial under Rule 33 of the Federal Rules of Criminal Procedure. Bankman-Fried alleged that new witness testimony from former FTX executive Ryan Salame and an individual identified as Daniel Chapsky undermined the government’s case.
Prosecutors pushed back hard in March 2026, arguing the claims had no merit. Judge Kaplan agreed, finding that the purported new evidence would not likely produce an acquittal given the weight of proof presented at trial.
Before the ruling came down, Bankman-Fried sent a handwritten letter to the court on April 22, 2026, asking to withdraw the motion without prejudice. He gave two reasons: he had not been given enough time to respond to the government’s opposition, and he did not believe he would get a fair hearing from Judge Kaplan.
The judge denied that request, too, and ruled on the motion anyway.
Bankman-Fried’s letter also addressed questions the court had raised about who wrote the filing. He denied improper ghostwriting but acknowledged that his mother, Barbara Fried, provided editorial suggestions and helped print the document. Judge Kaplan had scrutinized the submission because Fried is not a licensed attorney.
Bankman-Fried was convicted in November 2023 on seven counts of fraud and conspiracy tied to the collapse of FTX and his trading firm Alameda Research. Billions in customer funds went missing. He was sentenced in March 2024.
His direct appeal is pending before the Second Circuit Court of Appeals, with oral arguments held in 2025. That case remains active and is separate from the Rule 33 motion Judge Kaplan just denied.
A request to have Judge Kaplan removed from the case on bias grounds is also still pending. Bankman-Fried reserved the right to refile the new trial motion once that reassignment request and his direct appeal are resolved
For now, his 25-year sentence stands. No changes to his incarceration status have been ordered.
The latest ruling closes the district court door on this particular legal effort, though Bankman-Fried retains options at the appellate level. How the Second Circuit handles his direct appeal will likely shape what comes next.
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The evolution of the blockchain industry has long been defined by the “Smart Economy”—a world of programmable assets and automated contracts. However, according to John Wang, head of Neo ecosystem growth and managing director of Neo Ecofund, the industry is on the precipice of a more profound shift toward what he calls the “Sentient Economy.”
In a recent discussion regarding the launch of Spoonos, Neo’s new framework for artificial intelligence (AI) agents, Wang detailed a future where the primary participants in the global economy may not be human at all.
While the industry often treats AI and blockchain as separate silos, Wang views their integration as the foundation for a new economic class. The Sentient Economy is defined as an economic system where AI agents—rather than just human operators—can own assets, make autonomous decisions, and interact trustlessly onchain.
Wang emphasizes that this movement is not merely about combining two popular technologies. Instead, it focuses on enabling AI agents to become real participants in the digital economy by ensuring they are verifiable, accountable, and composable. Under this framework, an AI agent is a sovereign economic entity. By living onchain, these agents can prove their identity, execute financial transactions without a human intermediary, and remain accountable through transparent, immutable code.
To turn this vision into reality, Neo has introduced Spoonos. Positioned as the successor to the “Smart Economy” philosophy that Neo has championed since 2017, Spoonos provides the technical scaffolding for building and coordinating these autonomous agents.
The framework currently supports a developer runtime and a unified data layer, allowing for the creation of agents that can reason using AI models while acting via blockchain infrastructure. Wang noted that the concept is already gaining institutional and developmental traction. Through strategic collaborations with industry leaders such as ChainGPT and Morph, Neo is actively cultivating a broader ecosystem where these agents can interact across different platforms and protocols.
Despite the momentum, Wang remains candid about the significant obstacles standing in the way of a fully realized Sentient Economy. He noted that developer tooling remains in its early stages, meaning the kits required to bridge high-level AI reasoning with low-level blockchain execution are still being refined. Furthermore, the mechanisms for value capture by agents are still nascent, as the industry works to determine how agents will generate and retain value autonomously. Finally, the learning curve remains steep, requiring developers to master the complex intersection of AI, blockchain, and decentralized coordination.
For Wang and the Neo ecosystem, this transition represents a natural progression in the utility of decentralized technology. If the last decade focused on making assets “smart” and programmable, the next decade is dedicated to making the economy itself “sentient.” As Wang summarized, the team previously built for programmable assets, but they are now building for “programmable intelligence.”
As AI agents begin to manage portfolios, optimize supply chains and negotiate contracts on-chain, the Sentient Economy may soon transition from a visionary concept to the standard operating procedure of the digital world.
Wang’s vision for the Sentient Economy extends far beyond decentralized finance, focusing instead on the capacity for AI to interpret the physical and digital worlds. During the Scoop AI Global Hackathon—which saw over 500 developers across Silicon Valley and London—Wang observed that the most compelling innovations were those that prioritized “probabilistic intelligence” over simple automation.
One standout application involved using Spoonos to recursively derive mathematical curves from raw data, uncovering hidden causal relationships between unrelated phenomena. For Wang, this represents the true potential of the framework: creating agents that serve as a bridge between raw information and human understanding.
To me, that’s the essence of the Sentient Economy—not just automating transactions, but building agents that perceive, reason and reveal structure in the world,” Wang said.
He believes this shift will occur through quiet integration rather than a sudden technological upheaval. As these tools become more sophisticated, they will begin to fundamentally alter how society processes information and makes decisions.
By the time people realize it’s happening, the Sentient Economy will already be here,” Wang predicted. “It won’t arrive with a big bang. It will quietly embed itself into how we observe, decide and act.”
The Neo Ecofund managing director believes the global Web3 ecosystem is currently undergoing a “civilizational” transformation. He argues that the industry has moved past the era of purely digital property—focused on tokens and consensus—into a new phase defined by programmable cognition.
For Wang, the most exciting shift is that blockchain is no longer just a tool for financial transactions; it has become the “coordination substrate” for autonomous, silicon-native agents. By providing AI with the cryptographic keys to reason, transact and persist on-chain, he suggests the industry is moving from building simple tools to “building minds.”
He describes this transition as the opening of a “trustless civilization of sentient actors,” a shift so profound it transcends the importance of any specific technical token standard. In his view, this evolution from “programmable value” to “programmable intelligence” marks the beginning of a “new social physics” where humans, AI and hybrid intelligences interact in a unified, networked economy.
As carbon-based intelligence gives way to silicon-native agents, we’re no longer just building tools—we’re building minds,” Wang said. “The moment we gave AI the keys to sign, transact, reason and persist—on-chain—we cracked open something far larger than a financial system.”
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Asia reportedly drives nearly half of global stablecoin flows, powering cross-border trade and institutional liquidity. Yet in the major banks of Singapore, Hong Kong, and Jakarta, reception to stablecoins remains distinctly cold.
While some observers attribute this to a “generational gap” or a lack of technical understanding, Bernardo Bilotta, CEO and co-founder of Stables, argues that the reality is far more calculated. According to Bilotta, the reluctance of Asian banks to embrace stablecoins is not a failure of imagination but a masterclass in institutional self-preservation.
For a commercial bank, the most critical asset on the balance sheet is not cash or property; it is the relationship with the central bank. In many Southeast Asian markets, the regulatory environment for digital assets remains a moving target.
Taking on stablecoin exposure, even just for processing, means taking on reputational risk with the regulator before the rules are fully settled,” Bilotta said. In an environment where guidance can tighten significantly from one quarter to the next with little warning, the risk of a regulatory pivot makes long-term infrastructure investment a gamble most banks are unwilling to take.
Beyond local regulators, Asian banks must answer to a global hierarchy. To facilitate international trade, these institutions rely on correspondent banking relationships with partners in New York and London.
Bilotta points out a harsh reality of the current global financial plumbing: Compliance teams in Western financial hubs are notoriously risk-averse. If a bank in Jakarta or Bangkok begins dabbling in stablecoins, it risks being flagged by its Western partners. The threat of having a correspondent relationship terminated—effectively cutting a bank off from the U.S. dollar or euro markets—is a survival logic that far outweighs the potential profits of stablecoin integration.
Even for banks willing to look past the risk, a new hurdle has emerged: regulatory fragmentation. Across Asia, jurisdictions are taking vastly different paths. Singapore, for instance, has embedded stablecoin rules into its existing Payment Services Act, while Hong Kong recently enacted a standalone Stablecoins Ordinance.
Critics argue these silos hamper growth, as a token compliant in one city may face hurdles just an hour’s flight away. However, Bilotta views this not as a roadblock but as a necessary phase of convergence.
Framing it as purely a problem misses what’s actually happening,” Bilotta said. “Singapore and Hong Kong have different approaches to the same goal: treating stablecoins as regulated payment instruments. The underlying principles—reserve backing, redemption rights, and AML compliance—are converging.”
Until the cost of inaction exceeds the cost of action, the status quo holds,” Bilotta said. The cautious stance of Asian banks isn’t irrational—it is a defensive crouch. However, as the infrastructure layer becomes more robust and local-currency tokens begin to solve the “last-mile” problem, the pressure on these institutions will only grow. The question for Asia’s banking sector is no longer whether they understand the technology but how much longer they can afford to prioritize survival over evolution.
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A new design proposed by venture fund Paradigm would let holders privately timestamp proof that they control vulnerable keys before quantum computers arrive, creating a possible rescue path if Bitcoin ever sunsets old addresses.
The obvious defense is a soft fork (or an upgrade to existing network rules) that eventually stops allowing spends from those legacy address types, forcing holders to move into quantum-safe formats before attackers can derive their private keys.
Prominent developer Jameson Lopp and five other developers proposed exactly that in mid-April through BIP-361, which would phase out quantum-vulnerable addresses on a five-year timeline and freeze any coins that fail to migrate.
That proposal created a different problem, however. Satoshi, and every other long-dormant holder, would have to wake up publicly or risk losing access to their assets.
Dan Robinson, a general partner at Paradigm, published a proposal Friday for a way around that trade-off that revolves around the concept of Provable Address-Control Timestamps, or PACTs.
The core idea is not to move coins but timestamp proof of ownership at a specific date and reveal nothing to the public until the owners of those wallets actually need to spend.
A holder generates a random salt, which is a piece of secret data used to make a cryptographic commitment unique and unguessable, and uses BIP-322, a standard for signing messages from a Bitcoin address without spending from it, to produce a proof of ownership.
The salt and proof are bundled together into an onchain commitment and timestamp it through OpenTimestamps, a free service that anchors data onto the Bitcoin blockchain through a single batched transaction. The salt, proof, and timestamp files stay private.
If Bitcoin later activates a soft fork that freezes quantum-vulnerable coins, the protocol could include a rescue path that accepts a STARK proof, a type of zero-knowledge proof that remains secure against quantum computers, showing the holder created their commitment before quantum hardware existed.
The holder submits that proof when they want to spend, and the network releases the coins. The redemption reveals nothing about which address, which amount, or even when the original timestamp was created.
These PACTs also address a specific gap in BIP-361 by including a rescue path for wallets derived through BIP-32, the deterministic key generation standard introduced in 2012. Pre-2012 wallets, including most of Satoshi's known addresses, do not use BIP-32 and cannot be rescued through that path.
As such, Robinson stated that the PACTs require Bitcoin to eventually adopt a STARK verification protocol, which would itself need a separate soft fork with broad community consensus.
The verification infrastructure does not exist in Bitcoin currently and would need what Robinson calls "substantial new plumbing," such as multisig wallets, complex scripts, and hardware wallet support that would all need careful standardization.
That last constraint is the one PACTs cannot work around.
The protocol only protects Satoshi if Satoshi himself, or whoever currently controls those keys, makes the commitment. If Satoshi is genuinely gone, no PACT can be retroactively created. The coins remain exposed to whichever scenario plays out first, quantum theft or community freeze.
What PACTs do offer is a way to make the BIP-361 debate less binary. The current freeze proposal forces a choice between protecting against quantum theft and respecting dormant property rights.
Whether Satoshi will use it is the question PACTs cannot answer.
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