”Trump doesn't just want Americans to use his crypto. He wants to put our money in his digital wallet while he guts our financial regulators, the watchdogs that protect families from financial fraud,” said Rep. Maxine Waters (D-CA), who’s also the committee’s ranking Democrat.
When Rep. French Hill (R-AR) introduced the Digital Asset Market Clarity Act last week, he did so while touting its bipartisan support. But his colleagues from across the aisle spent most of the meeting today lambasting the president’s crypto aspirations.
Former CFTC chair Timothy Massad said during the meeting that the potential for Trump to profit from the committee’s crypto rule-making “cannot be ignored.”
'In His Digital Wallet': Democrats Blast Latest Trump-Backed Crypto Product During House Hearing
President Donald Trump is making it difficult for lawmakers to have a productive talks on regulating digital assets, Rep. Maxine Waters said.
Crypto Payments Firm MoonPay Secures New York BitLicense
MoonPay has obtained New York's key BitLicense to conduct crypto business, though NYC Mayor Eric Adams recently came out against the license.
Trump-Backed World Liberty Financial Airdrops Millions of Stablecoins to 85,000 Wallets
The airdrop was designed in part to test the platform’s future readiness for a full rollout of DeFi services.
JPMorgan to Allow BlackRock Bitcoin ETF Shares as Loan Collateral: Bloomberg
Unnamed sources told Bloomberg that JPMorgan will soon allow clients to use Bitcoin ETF shares as loan collateral.
Healthcare Tech Company Semler Buys More Bitcoin, Holdings Near $472 Million
Semler Scientific is fast adding Bitcoin to its balance sheet, announcing Wednesday that it spent another $20 million on the asset.
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He is making billions of dollars selling meme coins and stable coins, investing in crypto exchanges and wallets and Bitcoin mining, all of which are potentially the subject of legislation. If any member of this committee did any of those things, you would all be outraged.
June is stacked: The Nintendo Switch 2 drops with 20+ games, while Death Stranding 2 and Dune: Awakening bring the heat to PS5 and PC.
🤖 EMERGE: Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views
A Trump deepfake calling for dinosaur border patrols has gone viral, highlighting rising concerns over AI-generated content.
🎭️ SCENE: Too Early? 'Networked' Fashion Label 9dcc Is Shutting Down
Luxury fashion brand 9dcc, which launched physical fashion connected to on-chain tokens, is closing up shop amid economic challenges.
📚 Watch and Learn
📹 WATCH: ETH Foundation Restructures, HYPE Hits ATH, China Tariffs Delayed
BTC reclaims $105k, ETH leads crypto gains. ETH Foundation restructures, shares new targets. ETH ETF inflows begin to outpace BTC. Robinhood acquires Bitstamp. Strategy to sell equity to raise $250m to buy BTC. HK’s Reitar Logtech to buy $1.5bn BTC. HYPE hits ATH, to get Binance US listing, more.
