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2 May 2026, 19:02
Ripple CEO Brad Garlinghouse Makes Another Big Statement for XRP
Ripple CEO Brad Garlinghouse arrived at XRP Las Vegas 2026 with a statement already made before he reached the stage. The CEO posted two selfies taken in front of the Treasure Island hotel and casino on the Las Vegas Strip. In the first, the billboard boldly displayed “DIDN’T FOLD”, and the second showed the XRP logo. Garlinghouse wrote, “Even when our backs were against the wall, we refused to fold. Always great to be back for XRP Las Vegas, and even BETTER to see $XRP up in lights.” The post drew an immediate response from notable accounts across the industry. Even when our backs were against the wall, we refused to fold. Always great to be back for XRP Las Vegas, and even BETTER to see $XRP up in lights. pic.twitter.com/kBc9rqoklO — Brad Garlinghouse (@bgarlinghouse) May 1, 2026 The Responses Uphold gave a notable response, writing , “We never folded in XRP.” Uphold has always supported XRP and was the only major exchange that refused to delist XRP during the lawsuit. The reply reflected the sentiment running through much of the XRP community as the conference opened. Attorney and XRP advocate John Deaton offered a more personal reflection. Three years ago, he stated publicly that Garlinghouse was, in his opinion, the most effective CEO in crypto. He took significant criticism for that view at the time. Looking back now, he stands by it. Deaton’s comment carried weight, as he has been one of the most prominent public defenders of XRP through years of regulatory uncertainty. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What Garlinghouse Said at the Conference Garlinghouse took the stage and addressed Ripple’s commitment to XRP directly. He reminded everyone that Ripple remains the largest holder of XRP on the planet and reiterated the company’s commitment to the asset’s success. He also called XRP the North Star of Ripple’s strategy , a comment he has made multiple times. He also addressed the CLARITY Act, confirming that XRP already has legal clarity following the federal court ruling that XRP is not a security. He warned that the window to pass the Act is closing fast. On regulation, he described Ripple’s posture as wanting to be as “white hat” as possible, particularly around stablecoins, given the company’s institutional customer base. He confirmed Ripple received conditional approval for an OCC trust charter, stating that a Federal Reserve master account is “very much on our radar.” Ripple is also expanding aggressively in the Middle East and Africa . The momentum is building. All eyes remain on what comes next and the company’s plans for XRP. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO Brad Garlinghouse Makes Another Big Statement for XRP appeared first on Times Tabloid .
2 May 2026, 18:55
Chinese firms can't cut staff, adjust roles over AI adoption, court rules
A court in Hangzhou ruled that AI adoption is not an excuse for contract termination under China’s labor law after a tech company replaced a quality assurance supervisor with AI and dismissed him. The Hangzhou Intermediate People’s Court agreed with the ruling of a lower court, stating that the firing of the employee, identified only by his surname Zhou, was unlawful. AI won’t be taking jobs in China A Chinese court has ruled that companies cannot fire employees just to replace them with artificial intelligence (AI). The Hangzhou Intermediate People’s Court upheld the ruling of a lower court, stating that a tech company illegally dismissed a worker after AI took over his job. The worker, identified only by his surname Zhou, joined the tech company in November 2022, where he worked as a quality assurance supervisor checking the accuracy of AI outputs and earning a monthly salary of 25,000 yuan (approximately $3,640). When large language models (LLMs) automated his tasks, the company offered him a lower position with a 40% pay cut to 15,000 yuan (about $2,185) per month. Zhou refused the demotion and was fired as a result. The company offered 311,695 yuan (approximately $45,405) in severance and said the firing was due to organizational restructuring. The employee challenged through arbitration and won in two separate courts. The main issue was deciding whether or not replacing employees with AI qualifies as a “major change in objective circumstances” under China’s Labor Contract Law. It is a standard that typically applies to events like company relocations or mergers, not choosing to adopt AI technology, the court found. A similar case involving a map data collector who was replaced by AI and dismissed was published last year December by the Beijing Municipal Bureau of Human Resources and Social Security. The company’s decision to adopt AI was ruled to be a voluntary business choice, not an uncontrollable event, and so the employee’s contract was illegally terminated. What are China’s AI ambitions? Despite these rulings , Beijing has continued to push its industries to adopt AI at scale. Official data shows that China’s core AI industry exceeded 1.2 trillion yuan in 2025 and includes more than 6,200 enterprises. Next-generation AI terminals and agents are projected to reach a penetration rate above 90% by 2030. The country’s generative AI adoption rate reached 42.8% in December last year, a significant increase of 25.2 percentage points year-on-year, expected to exceed 50% in 2026. Also, by the end of 2026, “AI+” applications are projected to reach 30% to 35% penetration across scientific research, manufacturing, finance, healthcare, governance, and global cooperation industries China’s government aims to create over 12 million new urban jobs in 2026 in response to AI adoption. Notably, 12.7 million university graduates are expected to enter the job market this year. Authorities intend to introduce more than 10 million subsidized training opportunities in 2026 to help workers transition into new roles. 72 new occupations, of which more than 20 are directly related to AI, were identified over the course of five years by the Ministry of Human Resources and Social Security. The smartest crypto minds already read our newsletter. Want in? Join them .
2 May 2026, 18:42
CLARITY Act Odds Rise Above 60% on Polymarket
CLARITY Act passage odds moved above 60% on Polymarket for the first time in a month, Fundstrat said. The Polymarket data showed a 61% chance, down 5% on the day, with $601,904 in volume. Senator Thom Tillis recently said he was ready to push the CLARITY Act toward a Senate markup. CLARITY Act odds on Polymarket moved above 60% for the first time in a month, according to Fundstrat’s post on X . The post called the shift a positive development for crypto, while tagging ETH and BMNR. The Polymarket screen showed a 61% chance for the market titled “Clarity Act signed into law in 2026?” with $601,904 in volume. However, the display also showed the odds down 5% on the day after a sharp rebound from the mid-40% range. Polymarket Odds Rebound Meanwhile, the prediction market chart showed a volatile month for CLARITY Act expectations. Odds traded mostly between … Read The Full Article CLARITY Act Odds Rise Above 60% on Polymarket On Coin Edition .
2 May 2026, 18:00
The SEC Just Elevated XRP To A Status Previously Reserved For Bitcoin And Ethereum
The U.S. SEC recently highlighted an NYSE proposal that places XRP alongside Bitcoin and Ethereum as eligible assets under the generic listing standards. This is a positive for the altcoin, which was once considered a security by the SEC under Gary Gensler. XRP Named as Eligible Asset Alongside Bitcoin and Ethereum In SEC Filing The SEC published a notice seeking comments on the NYSE’s proposed rule change for crypto ETFs to hold 80% of their net asset value (NAV) in eligible assets under the generic listing standard. The Exchange had mentioned XRP alongside Bitcoin and Ethereum as eligible crypto assets to which this proposed rule change will apply. This notably reemphasizes the generic listing standard for crypto ETFs, which the SEC approved last year, under which it classified the token as an eligible asset for faster ETF approvals. This marked a significant shift from the previous SEC administration under Gary Gensler, when the Commission signaled that it could only approve Bitcoin and Ethereum ETFs because they were the only two assets that it considered non-securities. XRP has also received much-needed clarity under this SEC administration, with the Commission issuing joint Token Taxonomy guidance with the U.S. CFTC, under which XRP, Bitcoin, Ethereum, and other major tokens were classified as commodities. This position is also expected to be codified through the CLARITY Act. This regulatory clarity from the SEC and the proposed CLARITY Act provides a boost for the altcoin, which already secured regulatory clarity when Judge Analisa Torres declared that the token wasn’t a security in the SEC’s lawsuit against Ripple . The ruling had notably played a key role in the SEC’s approval of the XRP ETFs, as the Commission could not reject these applications on the ground that they were securities. Ripple CEO Praises SEC For CLARITY While speaking at the XRP Las Vegas Conference , Ripple CEO Brad Garlinghouse praised the SEC for its efforts towards providing regulatory clarity. He noted that the current administration under Paul Atkins had provided more clarity to the crypto industry in a year than Gary Gensler’s administration did in four years. The Ripple CEO also reiterated that they are still all in on the altcoin, noting that they are the largest holder in the world and are the most interested party in seeing the token successful. Meanwhile, he addressed Cardano founder Charles Hoskinson’s criticism that Ripple’s businesses don’t benefit holders in any way. Garlinghouse stated that they are not prioritizing going public at the moment, but teased a special package for the community when they decide to do so. At the time of writing, the XRP price is trading at around $1.38, up in the last 24 hours, according to data from CoinMarketCap.
2 May 2026, 14:55
CFTC Chair’s Bold Push to Limit State Interference in Prediction Markets Sparks Industry Shift
BitcoinWorld CFTC Chair’s Bold Push to Limit State Interference in Prediction Markets Sparks Industry Shift U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig is pursuing a plan to limit state government interference in prediction markets, a move that could reshape the landscape for platforms like Polymarket and Kalshi. The initiative, reported by The Information, aims to create a unified federal framework that overrides conflicting state gambling laws. Selig, an avid sports fan with a deep interest in the field, displays a large amount of sports memorabilia in his office, underscoring his personal engagement with the sector. If implemented, this measure would allow prediction markets to offer trading services on sports and current events across the United States without state-level hurdles. Understanding the CFTC’s Push to Limit State Interference in Prediction Markets Prediction markets allow users to trade contracts based on the outcome of future events, such as election results, sports games, or economic indicators. These platforms have grown rapidly in recent years, attracting millions of users worldwide. However, they face significant regulatory challenges in the United States due to a patchwork of state laws that classify some prediction contracts as illegal gambling. Chairman Selig’s proposal seeks to establish a clear federal standard that preempts state restrictions, enabling these markets to operate legally and consistently nationwide. The CFTC already oversees derivatives markets, including futures and options. Selig argues that prediction markets fall under this purview, as they function similarly to financial derivatives. By asserting federal authority, the CFTC can provide a stable regulatory environment that protects consumers while fostering innovation. This approach mirrors the agency’s oversight of other financial instruments, ensuring transparency, market integrity, and investor protection. Key Platforms Affected: Polymarket and Kalshi Polymarket and Kalshi are two of the most prominent prediction market platforms in the United States. Polymarket focuses on event-based contracts, including sports, politics, and entertainment. Kalshi offers markets on economic indicators, climate events, and current affairs. Both have faced legal challenges from state regulators, particularly in jurisdictions with strict anti-gambling laws. For example, New York’s Attorney General has previously issued cease-and-desist orders against Polymarket, citing violations of state gambling statutes. Under Selig’s proposed framework, these platforms would gain the ability to operate freely across all 50 states. This change could unlock significant growth opportunities, as prediction markets attract both retail traders and institutional investors. The removal of state barriers would also simplify compliance costs, allowing platforms to allocate resources toward product development and user experience. Background on Prediction Market Regulation in the US The regulatory landscape for prediction markets in the United States has been fragmented and uncertain. Historically, the CFTC has taken a cautious stance, issuing guidance that some prediction contracts may constitute illegal gambling. In 2012, the agency blocked the launch of a prediction market for political elections, citing concerns about manipulation and public interest. However, recent developments have signaled a shift toward acceptance. In 2023, the CFTC approved Kalshi’s application to list event contracts on economic data, marking a milestone for the industry. State-level regulation adds another layer of complexity. States like New York, New Jersey, and California have broad definitions of gambling that can encompass prediction markets. Others, such as Delaware and Montana, have more permissive frameworks. This inconsistency creates legal risks for platforms, which must navigate varying compliance requirements. Selig’s plan aims to eliminate this uncertainty by establishing a single federal standard. Timeline of Key Regulatory Events 2012: CFTC blocks political prediction market due to manipulation concerns. 2020: Polymarket launches, quickly gains traction among crypto users. 2022: New York Attorney General orders Polymarket to cease operations in the state. 2023: CFTC approves Kalshi’s economic event contracts. 2025: Chairman Selig announces plan to limit state interference. Potential Impacts on the Prediction Market Industry The proposed regulatory change could have far-reaching effects. First, it would legitimize prediction markets as a mainstream financial instrument, attracting institutional capital and increasing liquidity. Second, it would foster competition, as new entrants could launch platforms without fear of state-level enforcement. Third, it would enhance market efficiency by allowing prices to reflect a broader range of information and opinions. However, critics warn that federal preemption could undermine state consumer protection laws. Some states have robust gambling regulations designed to prevent addiction and fraud. By overriding these laws, the CFTC might create loopholes that bad actors could exploit. Selig’s plan must balance innovation with safeguards to ensure market integrity and user safety. Expert Perspectives on the CFTC’s Strategy Legal experts and industry analysts have weighed in on the proposal. Professor Sarah Chen, a securities law specialist at Georgetown University, notes that the CFTC has the authority to regulate event contracts under the Commodity Exchange Act. She states, “The key question is whether prediction markets qualify as ‘commodity interests’ subject to CFTC oversight. Selig’s interpretation is bold but legally defensible.” Industry leaders are cautiously optimistic. A spokesperson for Kalshi commented, “We welcome regulatory clarity. A federal framework would allow us to serve customers nationwide while maintaining high standards of compliance and transparency.” Similarly, Polymarket’s CEO expressed support, emphasizing the need for consumer protections and market surveillance. Comparison of State vs. Federal Regulation Aspect State Regulation Federal Regulation (Proposed) Scope Varies by state; often restrictive Uniform across all states Compliance Costs High due to multiple jurisdictions Lower with single standard Consumer Protection State-specific safeguards Federal oversight with potential gaps Innovation Stifled by legal uncertainty Encouraged by clear rules Market Access Limited to permissive states Nationwide availability Challenges and Criticisms of the Proposal Despite its potential benefits, Selig’s plan faces significant hurdles. First, it may face legal challenges from states that resist federal preemption. The Tenth Amendment reserves powers not delegated to the federal government to the states, and gambling regulation has traditionally been a state domain. Courts may need to determine whether prediction markets fall under interstate commerce, which the federal government can regulate. Second, the proposal could encounter political opposition. Some lawmakers view prediction markets as a form of gambling that should remain under state control. Others worry about the potential for market manipulation, especially in sensitive areas like elections or public health. Selig must navigate these concerns to build bipartisan support. Third, the CFTC itself may lack the resources to effectively oversee a rapidly growing industry. The agency has faced budget constraints in recent years, limiting its ability to monitor complex markets. Expanding its jurisdiction could strain its enforcement capabilities, leading to gaps in oversight. Future Outlook for Prediction Markets in the US If Selig’s proposal succeeds, prediction markets could become a major part of the US financial ecosystem. Analysts predict that the market for event contracts could reach $100 billion in notional value within five years, driven by demand for hedging and speculation. Platforms like Polymarket and Kalshi are already expanding their offerings, adding contracts on everything from movie box office results to weather events. Internationally, other countries are watching the US developments closely. The United Kingdom and Australia have more permissive regulatory frameworks for prediction markets, while the European Union is considering harmonized rules. A US federal standard could set a global precedent, encouraging other nations to adopt similar approaches. Conclusion Chairman Michael Selig’s push to limit state interference in prediction markets represents a pivotal moment for the industry. By asserting federal authority, the CFTC can create a stable regulatory environment that fosters innovation, protects consumers, and unlocks significant economic potential. Platforms like Polymarket and Kalshi stand to benefit immensely, gaining the ability to operate nationwide without state-level restrictions. However, the proposal faces legal, political, and practical challenges that must be addressed. As the debate unfolds, stakeholders across the financial and regulatory sectors will closely monitor the outcome. The future of prediction markets in the United States hangs in the balance, with Selig’s plan offering a path toward clarity and growth. FAQs Q1: What are prediction markets? Prediction markets are platforms where users trade contracts based on the outcome of future events, such as sports games, elections, or economic indicators. They function similarly to financial derivatives, allowing participants to speculate on probabilities. Q2: How does the CFTC regulate prediction markets currently? The CFTC has jurisdiction over derivatives, including event contracts. It has approved some contracts, like those on economic data, but has blocked others, such as political markets, due to manipulation concerns. State laws also impose additional restrictions. Q3: Why does Chairman Selig want to limit state interference? Selig aims to create a uniform federal standard that overrides conflicting state gambling laws. This would reduce legal uncertainty for platforms, lower compliance costs, and allow prediction markets to operate nationwide. Q4: Which platforms would benefit from this change? Polymarket and Kalshi are the most prominent US-based prediction market platforms. Both have faced state-level legal challenges, and a federal framework would enable them to offer services across all 50 states without restriction. Q5: What are the main criticisms of the proposal? Critics argue that federal preemption could weaken state consumer protections, lead to market manipulation, and exceed the CFTC’s authority. Political opposition and resource constraints also pose challenges to implementation. This post CFTC Chair’s Bold Push to Limit State Interference in Prediction Markets Sparks Industry Shift first appeared on BitcoinWorld .
2 May 2026, 14:02
Ripple CEO Makes Intriguing Confirmation About Epstein and XRP
At the XRP Conference in Sydney, Australia , in early 2026, Ripple CEO Brad Garlinghouse and President Monica Long took to the stage for a panel titled “XRP As the North Star.” What followed was a candid discussion about the forces that shaped Ripple’s early years, and what the release of the Epstein files revealed about them. Crypto pundit Mr Pool (@MrPool_Q17th) shared the clip on X, drawing the XRP army’s attention to the exchange. Long opened by recalling the hostility Ripple faced in its early days. She described “absolute vitriol” directed at the company and a persistent sense that something deliberate was behind it. “It just felt like there was this mysterious dark cloud, this headwind that we couldn’t quite put a finger on,” she said. CEO of #Ripple – Brad Garlinghouse confirms that Epstein and co. were afraid of #XRP ! pic.twitter.com/ddSBGhtd0R — Mr Pool 2.0 (@MrPool_Q17th) April 29, 2026 Garlinghouse Points to the Epstein Files Garlinghouse connected that hostility to a specific name: Joichi Ito, former director of the MIT Media Lab. Ripple co-founder and chairman Chris Larson had long believed Ito was working against XRP. Garlinghouse admitted he had not always taken that view seriously. That skepticism changed after the Epstein files became public. Garlinghouse noted that Gary Gensler, the former SEC chair who pursued an aggressive lawsuit against Ripple, had ties to the MIT Media Lab . The Epstein files added weight to what Larson had argued for years. “They Were Afraid of Us” “They were afraid of us,” Garlinghouse said. That was one of his strongest statements. “They were afraid of us because the technology was ahead of its time, and it was a threat.” He credited Larson’s early instincts, revealing that Larson used to tell him that heavy opposition was a signal of significance. “People are hating on you. You’re onto something big,” Larson reportedly said. Garlinghouse now agrees. “We’re onto something massive,” he told the Sydney audience. The Conspiracy Against Ripple and XRP Earlier in 2026, a rumor circulated in the XRP community that Gensler was directed to go after Ripple and XRP . Garlinghouse’s own words suggest the resistance Ripple faced was coordinated and sustained by powerful people. The Epstein files came with many revelations , and Larson’s long-standing suspicions now read less like conspiracy and more like early intelligence. However, XRP came out on top, with regulatory clarity and a global network of institutions and retail users. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO Makes Intriguing Confirmation About Epstein and XRP appeared first on Times Tabloid .
