Cardano founder Charles Hoskinson said a sitting president should not participate directly in the cryptocurrency market, arguing that U.S. President Donald Trump’s involvement in crypto businesses fuels conflict-of-interest concerns. The comments followed Senator Elizabeth Warren’s opposition to a revised Clarity bill, which she said does not adequately prevent Trump from profiting while in office. Republicans have proposed an ethics amendment, but the bill’s passage and timing remain uncertain.

Bitcoin rebounded to around $65,700 but struggled to extend gains as international oil prices and U.S. Treasury yields rose. Markets are watching next week’s U.S. congressional debate on the CLARITY bill and the Federal Open Market Committee meeting as key drivers of near-term direction. Expectations over the bill’s ethics provisions initially lifted prices, but momentum faded amid worsening U.S.-Iran tensions and profit-taking. The Fed’s signals on potential further rate hikes are also in focus.