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Crypto

Warren questions legality of OCC crypto charters including Coinbase and Ripple

U.S. Democratic Senator Elizabeth Warren, a leading advocate of stricter crypto regulation, challenged the Office of the Comptroller of the Currency\'s chartering process for crypto firms. She asked OCC head Jonathan Gould to justify the legality of nine national trust charters granted since December 2025, including entities linked to Coinbase and Ripple. Warren said the firms had not shown custody as their core business and warned the structure could enable regulatory arbitrage. She demanded related applications and internal communications by June 1.

Crypto

Ethereum wobbles at $2,200 as large short bet meets whale buying

A whale wallet has built a $50.55 million, 25-times leveraged short position in ether, heightening market tension as ether trades near levels that would pressure the bet. The wallet also holds a leveraged bitcoin long position. Other large holders have increased ether longs, while another wallet linked to World Liberty Financial sold ether for USD coin. Addresses tied to a possible fund deposited ether to Binance, adding to selling pressure. Attention is on whether ether holds $2,200.

Crypto

U.S. Senate banking panel CLARITY bill lifts bitcoin on hopes of clearer rules

Bitcoin jumped to $81,000 after the U.S. Senate Banking Committee approved the CLARITY bill. The measure passed 15 to 9, mostly along party lines, with two Democrats voting in favor. The bill must still pass the House before going to President Donald Trump if lawmakers agree on a final text. Crypto industry groups broadly support the push for clearer rules, while banks raise concerns over stablecoin rewards and potential deposit outflows.