The Senate maintains the clause in Trump's tax bill that prohibits states from enforcing AI regulations.

The White House blocks the conflict of interest clause in the CLARITY Act, focusing on Trump's cryptocurrency associations.

The House of Representatives' cryptocurrency bill adds a software developer protection clause, with debates about to commence.

The Utah State Senate passes a Bitcoin bill, removing the BTC reserve clause.

TRUMP Coin Purchase Terms Include Class Action Waiver Clause

The U.S. SEC questions the legality of FTX's repayment plan and opposes the disclaimer clause in the plan.

FTX Proposal Includes Exculpation Clause to Absolve S&C Law Firm

FTX Proposal Sparks Outrage with Clause Potentially Absolving Sullivan & Cromwell of Liabilities

Potential Delay in Approval of Spot Bitcoin ETF Due to SEC Procedural Clause

EU backs Data Act with clause to shut off smart contracts

EU backs Data Act with clause to shut off smart contracts

Musk and Trump are "tearing" each other again ⬇️ The reason is that there is a clause in the "Great Beautiful Act" to reduce subsidies for electric vehicles, which is one of the main reasons why Musk opposes the bill. Musk: If the "Great Beautiful Act" is passed, I will "rebel" and build a new political party to participate in the election. Trump: You knew when you supported my election that I strongly opposed the electric vehicle mandate; you would have gone bankrupt and returned to South Africa without my subsidies. The Department of Government Efficiency (DOGE) should carefully review the subsidies received by Musk and his companies. Musk: Responding to Trump's remarks that the Department of Government Efficiency should focus on subsidies: "Cut them all, now." Tesla (TSLA.O) US stock market fell more than 7% in after-hours trading 📉

Backed Finance Debuts Tokenized Stocks on Bybit, Kraken and Solana DeFi Protocols

SoSoMacro

WLFI Unlocks Countdown: Trump's 15.75% Whale Holdings, Can the Market Withstand "Presidential Selling Pressure"?

Just In: Federal Reserve Ends ‘Reputational Risk’ Factor Which Penalized Crypto Banking

Notice Regarding Completion of Payment for the Issuance of the 20th to 22nd Series of Stock Acquisition Rights (with Exercise Price Revision Clause and Exercise Suspension Clause) Through Third-Party Allotment https://t.co/fdD50d1EGS

Democratic lawmakers escalate legal threats, legislation, and protests over Trump's memecoin dinner, calling it "an orgy of corruption" and potential emoluments clause violation. Lawmakers cite foreign wallet buys, opaque attendees, and Trump "auctioning access" via $TRUMP tokens. For a party divided on crypto, this spectacle might ironically accelerate regulation they once feared. #CryptoRegulation #TrumpToken #MemecoinPolitics #CryptoLaw

Research: Bitcoin Accumulator Strategy Outperforms Dollar-Cost Averaging for Enterprises According to CoinDesk, OrBit Markets' latest research by crypto market maker shows that since 2023, the Bitcoin Accumulator Strategy has outperformed the Dollar-Cost Averaging (DCA) strategy. This structured product buys BTC at a discount price periodically, achieving an average cost that is 10%-26% lower than DCA in bull markets, but it requires doubling down when the price drops below the execution price. Research data shows that during the testing period from January 2023 to June 2025, the 3-month Accumulator reduced the average purchase cost of BTC to $39,035 (10% lower than DCA), while the 6-month and 12-month strategies achieved average costs of $37,654 and $32,079 respectively. The product has an out-of-the-money clause, which automatically terminates when the BTC price reaches a preset barrier (such as $115,000). Pulkit Goyal, Trading Director of OrBit Markets, pointed out that this mandatory disciplined buying method is particularly suitable for enterprise-level crypto asset allocation, but its feature of forcing double purchases during price declines makes it unsuitable for short-term traders.

#Web3 Morning Brief: White House Rejects Crypto Conflict of Interest Clause in the CLARITY Act, Terra Classic Submits Market Module 2.0 Proposal Draft, Yupp Secures $33 Million in Seed Funding Led by a16z A quick overview of the major news, financing events, and excellent articles from the past 24 hours. https://t.co/j1FTbUko84

Planet Noon News: Iran Nuclear Talks Stall, Trump's Financial Report Reveals Crypto Assets, Fidelity Files for Solana Spot ETF Registration

Trump Launches Universal Investment Plan, Giving Every Newborn $1,000 to Invest in Stocks Trump hosted a roundtable at the White House on Monday to promote a key provision in the Republican Party's comprehensive domestic policy bill: a clause providing every newborn American child with a $1,000 investment account. According to the House pilot program, children born as American citizens between January 2025 and January 2029 will receive a "Trump Account." The government will contribute $1,000 to an index fund linked to the stock market, managed by a legal guardian. Guardians can contribute an additional $5,000 per year. 50% of the balance can be withdrawn from the age of 18, and the full amount can be withdrawn from the age of 25 for small business loans, higher education, etc. The funds are fully accessible from the age of 30. These accounts require after-tax contributions, and withdrawals are taxed as long-term capital gains or ordinary federal income. House Speaker Johnson emphasized its economic benefits, such as increasing families' real wages and reducing the burden on small businesses. The event was held in the White House State Dining Room, with executives from companies such as Dell and Uber in attendance. The CEOs are expected to pledge billions of dollars in investment. Dell stated that Dell Technologies will provide a one-to-one match for government seed investments for employees' children's accounts.

CoinEasy Newsletter - Summary for Tuesday, June 10 ✅ New York resident accused of laundering $530 million in cryptocurrency - Establishing money laundering routes within the United States through cryptocurrency companies - Estimated funds related to Russian ministries and large corporations - Investigations ongoing with the Department of Justice and the Department of Homeland Security ✅ Uphold considering an IPO... Targeting XRP supporters - Expansion of business focusing on U.S. consumers and the XRP community - CEO “The timing of the IPO will be determined based on market conditions” - Secured a global user base of over 30 million ✅ Former SEC Chairman, “Self-custody is a fundamental right in the U.S.” - Paul Atkins “The right to hold personal assets should not be infringed upon” - Advocates for deregulation of asset management practices - Emphasizes autonomy and privacy ✅ Paraguay President's account hacked... Bitcoin legal currency rumor spreads - False “BTC legalization” information posted on the President's X account - Official authorities immediately announced the account hijacking - No actual policy changes, raises possibility of manipulation ✅ BlackRock BTC spot ETF surpasses $70 billion... Surpassing gold ETF record - iShares Bitcoin Trust (IBIT), achieved in record shortest time - Surge in institutional demand and increased credibility - Strong influence on the existing ETF market structure ✅ Major cryptocurrency bill in the U.S. House of Representatives, adds developer protection clause - Last modification before bill deliberation - Expands legal protection for open-source developers - Aims for regulatory clarity and balance between innovation ✅ Circle IPO leads to the emergence of CRCL-based ETF - New ETFs filed by ProShares, Bitwise, etc. - CRCL, stablecoin, and USDC operating company - Institutional interest has surged post-IPO ✅ Plasma raises $500 million for stablecoin Bolt - 1,100 wallets participated in just one hour - ICO conducted via Sonar platform - Strong market demand and a dispersed investor base secured 🔗 Source @TheBlock__ #CoinEasyNewsletter

The Japanese House of Councillors passes the amendment to the "Settlement of Funds Act," establishing a new system for cryptocurrency "intermediary services."

US Senate Republicans Push to Include Cryptocurrency in Tax and Spending Bill According to Semafor, Wyoming Republican Senator Cynthia Lummis is pushing to add provisions to her party's tax and spending bill to reform the way the United States taxes Cryptocurrency. The core content includes extending the "wash sale rule" for securities trading to the Cryptocurrency sector, which is expected to generate billions of dollars in tax revenue, while exempting Bitcoin miners from the obligation to declare profits and losses. Lummis submitted a tax reform plan jointly drafted with Senator Kirsten Gillibrand to Senate Finance Committee Chairman Mike Crapo. Lummis emphasized that the current tax system has flaws that need to be corrected, while Gillibrand believes that the timing of legislation is not yet ripe. Members of the Finance Committee have consulted with President Trump on the content of the bill, and Louisiana Senator Bill Cassidy revealed that the president is focused on the "working account benefits" clause. If passed, the proposal would become the first systematic crypto asset tax framework in the United States.

U.S. Senator: Will propose an amendment to the GENIUS Act to prevent the Trump family from launching a crypto wallet

California just passed a major crypto bill and here’s what it means: • AB 1180 passed unanimously (68-0) in Assembly • Would allow Bitcoin & crypto payments to the state • DFPI to launch pilot program + licensing by 2025 • Report due by 2028, sunset clause in 2031 • Stablecoin use restricted to licensed issuers only • Goal: modernize state payments & explore wider adoption • Next stop: State Senate review

While I agree with MTG on most issues (especially Ukraine), in this case I believe that a temporary moratorium on state AI regulation is the correct small government position. The alternative is a patchwork of 50 different regulatory regimes driven by the AI Doomerism that is becoming a dominant strain on the American and European Left. Funded and astroturfed by left-wing Silicon Valley billionaires like Dustin Moscovitz, the constant fear-mongering is intended to scare us into adopting their agenda of Regulatory Capture, WokeAI, and Global AI Governance. They already have regulatory initiatives underway in most Blue states as well as European capitals. (Some Republicans are also falling for their fake “China Hawk” rhetoric, even though AI over-regulation primarily benefits China.) A federal moratorium on state regulation is justified under the Commerce Clause when inconsistent state laws would substantially burden interstate commerce. That is the case here. The America First position should be to support a moderate and innovation-friendly regulatory regime at the federal level, which will help rather than hobble the U.S. in winning the AI race.

Senior Democrats in the US demand investigation into Trump Meme coin investors' private dinner

🇺🇸 JUST IN: 35 U.S. House members have asked the DOJ to investigate Trump’s memecoin dinner for potential violations of the federal bribery statute and the Constitution’s emoluments clause.🇺🇸 JUST IN: 35 U.S. House members have asked the DOJ to investigate Trump’s memecoin dinner for potential violations of the federal bribery statute and the Constitution’s emoluments clause.

The U.S. stablecoin bill is moving forward. But it includes one surprising clause 🙈 a ban on interest-bearing stablecoins ❌ What does that mean for $6B+ in products already live, and why is Wall Street so quiet about it? 🤫 🎧 New podcast w/ @CampbellJAustin https://t.co/ibqhpYIHfx

The new stablecoin bill GENIUS requires Tether to accept U.S. jurisdiction regardless of its place of registration.

Third-party allotment issuance of the 14th to 17th stock acquisition rights (with exercise price revision clause and exercise suspension clause): Monthly exercise status notice https://t.co/KoQ3m9SNdB

🔵 US Democratic Senators Propose Emissions Caps for Cryptocurrency Mining and AI Data Centers DeThings reported on April 14th, via https://t.co/B7bzY2vhgG, that US Democratic Senators Sheldon Whitehouse and John Fetterman have introduced the "Clean Cloud Act of 2025." This bill aims to address the rising energy consumption of digital infrastructure by setting regional emission limits and imposing financial penalties on cryptocurrency mining and AI data centers that exceed environmental standards. The bill mandates that facilities using over 100 kW of electricity annually report their power sources, consumption data, and emission intensity. The bill establishes emission benchmarks for various regions in the US, gradually decreasing them to zero by 2035. Starting in 2026, power companies and facilities exceeding these limits will face a penalty of $20 per kilowatt-hour over the limit, adjusted for inflation. The funds raised will support clean energy projects, consumer energy subsidies, and project management. Facilities powered by zero-carbon energy sources will be exempt. The bill also requires the public disclosure of facility energy data while protecting proprietary consumption data. It has been submitted to a Senate committee and includes a severability clause to ensure that the remaining provisions remain effective even if some are rejected.

📰Strategy Warns That a Significant Drop in Bitcoin Market Cap Could Affect Ability to Meet Obligations, Possibly Requiring Sale of BTC to Repay Debt Strategy @MicroStrategy disclosed in an 8-K filing submitted to the U.S. SEC @SECGov that as of March 31, 2025, its total outstanding debt was $8.22B, with annual interest expenses of $35.1M, and an additional $146.2M in preferred stock dividends to be paid annually. Because the enterprise software business has not achieved positive cash flow, if the Bitcoin market cap falls significantly, the company may be forced to sell Bitcoin at a loss to meet its obligations, increasing the risk of default and potentially forcing it into bankruptcy or liquidation proceedings. The company emphasized that its future financing ability is highly dependent on the market cap of its Bitcoin assets and changes in market sentiment. Odaily Planet Daily verified that the interpretation of "Strategy may be forced to sell Bitcoin" is clearly misleading. In fact, this statement mentioned by Strategy in the latest 8-K form is a standardized risk disclosure clause and does not represent the company's current actual intention or imminent action. Such risk warnings are extremely common in the financial reports of listed companies, especially for companies holding a large number of specific assets. In fact, this is not the first time similar wording has appeared—similar disclosures have been made in Strategy's reports for several past quarters. Its 10-K annual report for the year ended December 31, 2024, also contained almost identical risk warning statements. Therefore, it is inaccurate to regard this statement as a "clearance signal" or "sell-off warning." It should be viewed rationally in the context of the financial report and the usual disclosure logic. 10k Report Link: 10-K 8k Report Link: 8-k

U.S. Senator Lummis's new Bitcoin bill requires stricter purchasing plans and reallocates profits from gold revaluation for Bitcoin purchases.

Cryptocurrency Regulatory Developments and Market Movements

Utah Passes Blockchain-friendly Legislation, Excludes Crypto Investment Provision

The Senate of Utah, a state in the United States, passed a Bitcoin bill, but after the amendment, it deleted the clause authorizing the state treasurer to invest in Bitcoin. It will be submitted to Utah Governor Spencer Cox to sign into law. The bill currently only provides Utah citizens with basic custody protection, Bitcoin mining rights, running nodes and participating in staking. https://t.co/3LACKSvG5p

Notice regarding the large exercise and completion of the 13th stock acquisition rights issued through third-party allocation (with exercise price adjustment clause and exercise suspension clause), as well as the large exercise of the 14th stock acquisition rights (with exercise price adjustment clause and exercise suspension clause) and the early redemption of the 7th ordinary corporate bonds. https://t.co/9Hapbso5xB