Congress is running out of time on crypto and Israel has its first digital shekel.

Senator Cynthia Lemmes said at the Bitcoin conference that crypto market structure legislation will get marked up in May, but the bill is running out of time.

More than 100 industry groups signed an open letter last week, urging the committee to act,

but stable coin yield is still the main sticking point. Memorial Day has been the informal

deadline for the midterms and the Senate Banking Committee still hasn't scheduled a markup.

Bitmine immersion technologies bought $234 million worth of Eath last week in one of its largest

buys of 2026. The paste is now in line with

strategy's baseline Bitcoin accumulation of $200 to $300 million per week. Chairman Tom Lee is calling

Eith a wartime store of value, noting its performance since the Iran conflict began.

And Israel's capital market authority approved the country's first shekel pegged stable coin.

Tel Aviv exchange bits of gold will issue the BILS token on the Salana Network after a two-year evaluation process.

The approval is partly a sovereignty play.

Dollar peg tokens dominate the $300 billion stable coin market and non-U.S. governments are starting to push back.

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