Crypto Market Structure Hearing Devolves into Partisan Claims
From Cointelegraph
June 6, 2025 3:31:00 PM:
Republican lawmakers dismiss concerns that Trump could profit from crypto exposure, calling it political “theatrics.” Debate on the CLARITY Act continues, with calls to prevent Trump from benefiting personally. Efforts to block Trump from digital assets engagement intensify, but unclear if Democrats will garner enough support to slow passage of the bill.
Policy director addresses concerns over Trump’s indirect handling of digital assets through SEC and CFTC. Several commissioners expected to resign or depart, leaving regulatory agencies in disarray. Senate to consider Trump’s nomination for CFTC chair, potentially leaving agency with only one commissioner temporarily. SEC leadership could also see shakeup by 2027.
Read more at Cointelegraph.com
1. Bitcoin reaches new all-time high of $60,000, driven by increased institutional interest and positive regulatory developments.
2. Ethereum price surges to $2,000 for the first time, fueled by growing demand for decentralized finance (DeFi) projects.
3. Tesla announces $1.5 billion investment in Bitcoin, causing a spike in the cryptocurrency market.
4. NFT sales hit record high of $340 million in February, with digital art and collectibles gaining popularity.
5. Blockchain technology adoption continues to grow across industries, with companies like IBM and Microsoft leading the way.: Crypto Market Structure Hearing Devolves into Partisan Claims