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Crypto

Jay Clayton, figure in XRP lawsuit, nominated for U.S. director of national intelligence

Jay Clayton (제이 클레이턴), the former U.S. Securities and Exchange Commission chairman who began an unregistered securities lawsuit against Ripple Labs over XRP, has been nominated as a candidate to lead the U.S. Director of National Intelligence. The nomination comes after opposition in Congress to a prior pick. Clayton is serving as Manhattan U.S. attorney and is reported to have been recommended by CIA Director John Ratcliffe.

Crypto

U.S. CFTC regulatory retreat under scrutiny as Warren seeks answers on Gemini, Polymarket

U.S. Senator Elizabeth Warren pressed the Commodity Futures Trading Commission over what she called a pullback in crypto enforcement and suspected political interference. Warren asked Chairman Michael Selick to explain reduced enforcement, staffing cuts and whether certain firms received favorable treatment. She cited sharp declines in cases and penalties since the Trump administration began, reports of workforce reductions, and approvals involving Polymarket and Gemini. Warren demanded records by June 18.

Crypto

Trump earns 3.5 trillion won from crypto as investors post losses, analysis shows

U.S. President Donald Trump\'s family earned about $2.3 billion in pre-tax profit from crypto ventures over the past 18 months, while retail investors and shareholders in related listed firms recorded $2.25 billion in losses, an analysis showed. The biggest gains were tied to World Liberty Financial token sales and the TRUMP memecoin, while investors faced lockups and price drops. A Nasdaq-listed firm and a bitcoin miner were also cited.