The US Commodity Futures Trading Commission is currently headed by Chair Michael Selig, with no public statement from Donald Trump about fully staffing the five-member panel of commissioners. The Republican chair and Democratic ranking member of the US House of Representatives Committee on Agriculture have called on President Donald Trump to fully staff the leadership at a key financial regulator, citing the potential impact of a crypto market structure bill. In a Friday letter to Trump, House Agriculture Committee Chair Glenn Thompson and ranking member Angie Craig asked the president to “nominate a full panel” of bipartisan leaders for the US Commodity Futures Trading Commission (CFTC). The representatives cited “urgent regulatory issues” facing the US regulator in addition to a “significant rulemaking process” required if the Digital Asset Market Clarity Act (CLARITY) becomes law. “Ensuring the Commission is well-equipped as the leading derivatives markets regulator in the world is a bipartisan priority fo...
One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried. US President Donald Trump is reportedly considering pardoning 250 people to commemorate the country's 250th birthday on July 4, according to The Wall Street Journal. An official announcement could come on June 14, Trump's birthday, or during the Independence Day event on July 4, the WSJ reported Thursday, citing people familiar with the matter. However, the pardons are still in the preliminary stages and have yet to be confirmed. More than 16,000 formal requests for presidential pardons were submitted last year. Read more
10x Research CEO Markus Thielen said Bitcoin’s strength above $80,000 could be supported by two favorable decisions in the US Senate this week. Bitcoin briefly dipped before surging over $82,000 on Sunday as US President Donald Trump rejected Iran’s counteroffer to a peace deal, which could prolong tension in the Middle East. “I don’t like it — TOTALLY UNACCEPTABLE," Trump said in a post to Truth Social on Sunday after reading Iran’s proposal to end the war. Iran has previously requested that the US pay for war reparations and unfreeze blocked Iranian financial assets. Bitcoin (BTC) fell from $81,430 to $80,520 within 45 minutes of Trump’s post before whipsawing nearly 2.3% to $82,347 less than three hours later, according to CoinGecko data. Bitcoin’s rise also resulted in nearly $64 million worth of short positions being wiped out over the last four hours, according to CoinGlass data. Read more
Bitcoin price action failed to revisit the $83,000 mark after US-Iran war tensions took over to steer the crypto market mood. Bitcoin (BTC) cooled from new 13-week highs at Wednesday’s Wall Street open amid mixed signals over a US-Iran peace deal. Key points: Data from TradingView showed a new local peak for BTC/USD of $82,833 on Bitstamp. Read more
US President Donald Trump says the US can’t be “left out in the cold” on prediction markets just days after he said he was “not happy” with the fast-growing platforms. US President Donald Trump has softened his stance on prediction markets just days after he bemoaned the surging interest and popularity of the betting platforms. “I don't know. I know some people who are very smart. They like it,” Trump told reporters in Florida on Saturday after he was asked about his earlier comments, in which he said he didn’t support prediction markets. “They disagree, but they like it.” “A lot of other countries are doing it, and when the other countries do it, we get left out in the cold if we don't do it,” he said. Read more
TRUMP memecoin fell nearly 10% in 24 hours despite a Mar-a-Lago investor gala, with the token still down over 96% from its peak. Donald Trump’s official TRUMP memecoin extended its decline on Saturday, even as he hosted a closed-door gathering for top holders of the cryptocurrency at Mar-a-Lago. The token is currently trading at around $2.67, down by nearly 10% over the past day, according to data from CoinMarketCap. It is also down by more than 96% compared to its all-time high of $75.35 registered in early 2025. The downturn comes despite efforts to maintain visibility through high-profile events. The Saturday event brought together 297 of the largest TRUMP investors for what was billed as the “most exclusive” crypto and business conference, with a smaller group of 29 attending a VIP reception and champagne toast, according to The Independent. Read more
The US President has confirmed his attendance for the Florida event, but it's unclear whether Tron founder Justin Sun, suing the Trump family's crypto business, will appear. In a repeat of 2025, top holders of US President Donald Trump’s memecoin, Official Trump (TRUMP), will gather for a private event that many critics have described as selling access to the presidency. On Saturday, Trump and up to 297 of his memecoin holders will meet at the president’s Mar-a-Lago property in Florida. According to the project behind the memecoin, attendees will include stablecoin issuer Tether CEO Paolo Ardoino, cryptocurrency exchange Upbit founder and CEO ChiHyung Song, Bitcoin (BTC) advocate Anthony Pompliano, Anchorage Digital co-founder and CEO Nathan McCauley and many others associated with financial institutions, crypto and blockchain. Notably, however, there was no public statement confirming the appearance of Tron founder Justin Sun, a prominent supporter of the president, an investor in the Trump family crypto bus...
US President Donald Trump will appear at an event for holders of the TRUMP memecoin after the White House previously said it wasn’t locked into his schedule. The White House has reportedly confirmed that US President Donald Trump will attend the exclusive event for top TRUMP memecoin holders at his Florida residence on Saturday, after questions were raised earlier this month over whether he would attend. Reuters reported on Friday that the White House confirmed Trump would deliver a keynote address at the gala luncheon organized by the company behind his Official Trump (TRUMP) memecoin. The gala is set to take place at Mar-a-Lago. It will be open to the top 297 holders of the TRUMP token, and the top 29 holders will also qualify for a private reception with the president. Read more
Major World Liberty Financial investor Justin Sun called a plan to lock tokens for up to four years “the most absurd governance scams I have ever seen.” The Trump family’s crypto platform, World Liberty Financial, is facing backlash over a new proposal to lock up tokens purchased by early investors for up to four years, or in some cases, indefinitely. World Liberty posted the proposal to its governance forum on Wednesday, which outlined that early investors would have their World Liberty Financial (WLFI) tokens locked for a further two years before their tokens would be released in batches over the following two years. According to the proposal, tokenholders who do not accept the new unlock schedule would “continue to have their tokens locked indefinitely.” Read more