What happened: The investment bank says such a move would benefit stablecoin issuers but could also create another obstacle for passing the Clarity Act.
Cross-source context: Decrypt highlights bitcoin ticked up above $71K on Tuesday as Trump sends mixed messages on Iran, while hopes for a crypto breakout cool amid Fed uncertainty. Bloomberg highlights the Federal Reserve will likely resume cutting interest rates as soon as June, though there’s a risk the next move may be delayed by the oil-price...
What to watch next: movement around permanently, congress.