The Crypto Weekly Digest, June 30: Schiff Presents COIN Act To End Trump’s Crypto Profits
Hey folks! Welcome once again to this week’s Crypto Weekly Digest, where we bring you well-rounded latest insights. The digital asset world is heating up, and today has delivered a perfect storm of politics, policy, market momentum, and strong institutional moves. Senator Schiff’s COIN Act, a politically charged move, unfolded on Capitol Hill…
Schiff alerts the act is essential to prevent officials from using their power for personal digital asset gain. Texas Authorizes State-Backed Bitcoin Reserve – Governor Greg Abbott signed Senate Bill 21 into law, creating the Texas Strategic Bitcoin Reserve. Cathie Wood, head of ARK Invest, even suggested that Bitcoin holders could soon utilize Coinbase to secure mortgages using crypto as collateral. Meanwhile, crypto infrastructure company Bakkt has filed a $1 billion shelf registration with the SEC…
Both assets maintained much of their momentum this week; hence, this development should have triggered positive investor sentiment and robust technical recovery patterns across key support levels after the recent market pullback.
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