hodler

9 Jun 2026, 23:02

The CLARITY bill stirs debate in the Senate! Why are crypto developers closely watching?

🚨 Debate over developer protections heats up as the CLARITY bill advances in the US Senate. 💡 More than 60 crypto company leaders including Solana's CEO urge lawmakers to protect open source developers in $SOL. 📢 SEC’s Hester Peirce says publishing blockchain code is protected free speech, not financial activity. Continue Reading: The CLARITY bill stirs debate in the Senate! Why are crypto developers closely watching? The post The CLARITY bill stirs debate in the Senate! Why are crypto developers closely watching? appeared first on COINTURK NEWS .

9 Jun 2026, 23:00

Metaplanet CEO eyes share buybacks to boost Bitcoin yield – ‘Our primary KPI’

Instead of purchasing more Bitcoin, can a treasury company increase its value by repurchasing its shares?

9 Jun 2026, 22:34

Treasury Stablecoin Proposal Draws Major Warning From Hyperliquid Policy Center–Here’s Why

The Hyperliquid Policy Center (HPC), together with venture capital firm Paradigm, submitted a joint comment to the US Treasury on Tuesday, urging the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) to refine parts of its proposed stablecoin compliance rule tied to the GENIUS Act. The rule is intended to implement anti-money laundering (AML) and sanctions requirements for “permitted payment stablecoin issuers” (PPSIs), a category the proposal says should be able to innovate in payment stablecoins while operating under an “appropriately tailored” regime designed to manage illicit-finance risk. Narrower Compliance, Less Burden While they did not oppose the overall goal of the framework, Paradigm and the Hyperliquid Policy Center argued that key elements of the proposal need clearer boundaries—especially where compliance obligations may unintentionally spill over into areas that do not fit the GENIUS Act’s structure or Congress’s intent. A major focus of the comments is how permitted payment stablecoin issuers’ duties should work in the secondary market, where PPSIs do not have a direct relationship with the underlying counterparties. In their view, the law makes clear Congress expected due diligence by PPSIs on their own customers, but did not intend a requirement for PPSIs to conduct additional diligence for trading that occurs in the secondary market. Related Reading: XRP May Reach $10 By 2027—But Bearish Conditions Could Push It Below $1, Expert Says The firms drew an analogy to traditional banking, saying that once regulated institutions run KYC when funds enter the system, they are not expected to monitor every spending event after cash is withdrawn. In the same way, Paradigm and the Hyperliquid Policy Center argued that decentralized peer-to-peer transfers of stablecoins—and other digital assets—should generally involve KYC only at the regulated on-ramps and off-ramps, with compliance costs focused where the relationship exists. They warned that a contrary approach could drive requirements for PPSIs to file large numbers of low-value suspicious activity reports (SARs), creating “noisy” reports with false positives that would impose costs on both PPSIs and FinCEN without clear public benefit. Hyperliquid Policy Center Urges Clarification The comment also addresses the way the proposed rule defines and assigns obligations related to “lawful orders.” Paradigm and the Hyperliquid Policy Center said the proposal defines “lawful order” by incorporating the GENIUS Act definition of “person,” which in turn determines who may have to build technological capabilities. They argued that, as drafted, the proposed rule could be interpreted too broadly, potentially pulling in developers of distributed ledger protocols, decentralized self-custodial interfaces, and other technologies that Congress excluded from the GENIUS Act’s definition of a “digital asset service provider.” The firms said this result would not align with Congress’s intent, and they recommended a clarification in the final rule to explicitly state that certain entities and technologies are not included within the scope of lawful order requirements. Related Reading: Dogecoin (DOGE) At $0.086–Two Scenarios Ahead, Including A New 32% Crash According to Paradigm and the Hyperliquid Policy Center, failing to make that clarification could unintentionally impose lawful order obligations on every validator on networks like Ethereum (ETH), Hyperliquid (HYPE), Solana (SOL), and Layer 2 systems that validate transactions involving PPSI-issued stablecoins. They argued the predictable outcome would be that US validator stakes would move offshore, US blockbuilding operations would relocate, and the US share of the chain validator base would decline—outcomes they said would undermine both the GENIUS Act’s onshoring objectives and broader US interests. Featured image created with OpenArt; chart from TradingView.com

9 Jun 2026, 22:22

House debates new crypto tax rules as bipartisan support lags

🔥 House committee debates new crypto tax rules in $BTC and beyond. 📊 Key sticking points include small transaction exemptions and the deferral of mining and staking taxes. ⏰ Time is running out in Congress while Senate action is lagging. Continue Reading: House debates new crypto tax rules as bipartisan support lags The post House debates new crypto tax rules as bipartisan support lags appeared first on COINTURK NEWS .

9 Jun 2026, 20:10

Senator Warren questions CFTC on crypto and prediction markets oversight, calls weakened CFTC a "recipe for disaster"

Senator Elizabeth Warren has sent a letter to the Commodity Futures Trading Commission (CFTC) chairman Michael Selig on Monday, demanding documents related to the agency’s handling of cryptocurrency and prediction market regulation amid what she called “unprecedented presidential corruption.” In the letter, Senator Warren, the top-ranking Democrat on the Senate Banking Committee, pointed to a New York Times investigation that described the CFTC as having been “steamrolled” by the industries it is supposed to police. She then gave Selig until June 18 to respond to the letter with a full account describing all internal records supporting key regulatory decisions, communications between the agency and prediction market firms, as well as all staff departures. Staff cuts amid expanding interests Since January 2025, the agency has laid off almost 25% of its staff. Also,enforcement actions dropped from 58 in fiscal year 2024 to 11 in the period since President Donald Trump took office. The senator’s core argument in the letter revolves around the mismatch between this shrinking CFTC workforce and its growing responsibilities. “A CFTC with fewer staff members, reduced enforcement activity, and expanded responsibilities is a recipe for disaster,” Warren wrote. “It leaves the public even more vulnerable to bad actors and our financial system even more fragile.” Congress is advancing the Clarity Act, which would hand the CFTC primary oversight of most digital assets, further expanding the agency’s responsibilities. Warren argued that the financial watchdog cannot absorb that responsibility in its current state. Political ties draw CFTC scrutiny Warren also tied several recent CFTC decisions to financial relationships between the Trump family and regulated firms. She cited reports that the agency approved a Polymarket request following an investment by a firm connected to Donald Trump Jr. She also criticized chairman Selig for asking a federal judge to throw out a $5 million penalty against Gemini, the exchange founded by the Winklevoss brothers, who each donated $1 million in Bitcoin to Trump’s reelection campaign. Warren’s letter also referenced former commissioner Brian Quintenz, who was initially in line to lead the CFTC before his nomination was revoked. Text messages released during that process showed Tyler Winklevoss pressing Quintenz to prioritize a Gemini complaint and offering to “raise this issue with the president himself.” Quintenz refused, and Selig was then nominated in his place. “Taken together, these are concerning signs of a CFTC beholden to political pressures and interests of the wealthy insiders, unbound by the rule of law and failing to protect investors and market integrity,” Warren wrote in her letter . Industry reaction Market macro analyst and co-founder of Coin Bureau, Nick Pukrin, told Decrypt that the core problem in the conversation is institutional trust, not uncertainties about the agency’s leanings regarding crypto. “A regulatory agency that isn’t impartial can’t be trusted to make decisions for the greater good of everyone,” he noted. Markus Levin, co-founder of XYO, also argued that the problem runs deeper than just workforce numbers and headcount. “If the CFTC is going to take on expanded authority under the Clarity Act, it needs people who actually understand blockchain technology, not just the traditional derivatives playbook,” the co-founder told Decrypt, as reported by Yahoo Finance. Chairman Selig’s response to Senator Warren’s letter is due June 18. The smartest crypto minds already read our newsletter. Want in? Join them .

9 Jun 2026, 20:05

Solana Institute CEO says CLARITY Act must shield open-source developers

Kristin Smith urged the Senate to preserve developer protections in the CLARITY Act, arguing open-source builders should not be regulated as financial intermediaries.