The Trump administration, supported by major US crypto firms, has largely dismantled the Consumer Financial Protection Bureau, leaving consumers vulnerable. The recent departure of a high-ranking US consumer protection regulator comes amid concerns that market participants, including crypto holders, are being left to fend for themselves. On June 10, Cara Petersen, acting enforcement director of the Consumer Financial Protection Bureau (CFPB), reportedly resigned with a scathing letter criticizing President Donald Trump’s administration, namely the “thoughtless” cutbacks at the agency pushed by the Department of Government Efficiency (DOGE). Republican lawmakers and the White House have promised to streamline the CFPB, ensuring it would protect consumers while not stifling innovation. Prominent figures in the crypto industry have also attacked the agency; Coinbase CEO Brian Armstrong called it “unconstitutional.” Read more
Senators questioned Brian Quintenz on prediction markets, his experiences dealing with debanking, and how he would potentially handle an entirely Republican-staffed CFTC. Brian Quintenz declined to say whether he supports maintaining a bipartisan balance at the Commodity Futures Trading Commission during a Senate nomination hearing on Tuesday, avoiding a key question from lawmakers weighing his potential return as chair. Quintenz, a former commissioner at the Commodity Futures Trading Commission (CFTC) and US President Donald Trump’s nominee to chair the agency, addressed several questions about his potential policy stance on crypto if confirmed as the new head of the agency. Senators Tina Smith of Minnesota and Raphael Warnock of Georgia pressed him about whether he would make recommendations to Trump in support of having both Democratic and Republican commissioners at the CFTC. Quintenz avoided a direct answer, steering the conversation toward his experience. Read more
As government overreach and institutional interests reshape the blockchain landscape, it's time to return to Bitcoin's founding vision: a truly decentralized, immutable currency free from state and corporate control. Opinion by: Dr. K, co-founder of Quai Network While Bitcoin was intended to enable people to opt out of state-centralized money systems, the blockchain industry has since lost its way. Today, we see the threat of government overreach along with blockchain solutions that prioritize scalability and performance over decentralization. The rise of networks like Ethereum and Solana has certainly been captivating, but these blockchains comprise core values in exchange for usability and institutions' adoption. To achieve the mission that Satoshi started, there is a dire need to return to Bitcoin's original ethos of money, which is credibly neutral, immutable money that cannot be manipulated. Read more
Supply chain attacks in crypto exploit trusted dependencies, emerging as a major threat to crypto projects, which now have to stay vigilant on such threats. A supply chain attack in the crypto domain is a cyberattack where hackers target third-party components, services or software that a project relies on instead of attacking the project itself. These components may include libraries, application programming interfaces (APIs) or tools used in decentralized applications (DApps), exchanges or blockchain systems. By compromising these external dependencies, attackers can insert harmful code or gain unauthorized access to critical systems. For instance, they might alter a widely used open-source library in DeFi platforms to steal private keys or redirect funds after it is implemented. Read more
Financial advisors warn against risking your retirement by going all in on crypto — but some older investors feel they have no other choice. The time-honoured advice for older people approaching retirement is to reduce your exposure to risky assets to preserve your nest egg. But what if your nest egg has already been destroyed and you need a high-risk/high-return method to make it all back in the space of a few years so you can retire comfortably? Its not a strategy for the faint-hearted and it could easily go horribly wrong in the event of a sudden crash to a prolonged bear market but some crypto investors see it as their last, best hope. I think your risk appetite would have to be pretty extreme to have all your eggs in any one basket, especially if thats a volatile asset like crypto, says payments consultant and former banker Rod Tasker. Read more
Strategy has inspired a wave of copycats to join the corporate Bitcoin treasury wave, but they haven’t been battle-tested and entered at higher average prices. A growing number of publicly listed companies is announcing plans to add Bitcoin (BTC) to their corporate treasuries, and the trend is beginning to raise eyebrows. In the 30-day span to June 11, at least 22 entities added Bitcoin as a reserve asset, according to BitcoinTreasuries.net. The buying spree was popularized by Strategy (formerly MicroStrategy), whose aggressive Bitcoin accumulation blueprint has inspired a wave of imitators. Read more
Explore the latest developments in crypto regulation and macro outlook in a report by HTX Ventures. Crypto adoption is accelerating under the Trump administration. The United States has emerged as a central force in shaping the crypto market, both from the standpoint of regulation and macroeconomics. The crypto market has begun moving along with US stock markets, reflecting growing institutional participation and sensitivity to macroeconomic conditions. In its latest report, HTX Ventures reviews the implementation of President Donald Trump’s crypto policies, current US dollar liquidity and its effect on the crypto markets. Find out more about the Trump-era policy executions and the crypto market growth catalysts, download the full report here Legalization and dollarization are the defining core tailwinds of this cycle. Bitcoin stands as the primary beneficiary, acting as a gateway for US institutional capital through ETFs, which solidifies the long-term legitimacy of the US crypto industry. The crypto adoptio...
Bitcoin may see more upside if the world’s two largest trading nations finalize their tariff deal and end global economic uncertainty. Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal. The world’s largest trading economies have nearly completed their trade agreement, according to a Wednesday post on Truth Social by US President Donald Trump. “Our deal with China is done, subject to final approval with President Xi and me,” Trump said. “We are getting a total of 55% tariffs, China is getting 10%. Relationship is excellent.” Read more