Today in Crypto, United States President Donald Trump discusses his Digital Asset plans at Coinbase’s State of Crypto Summit, the outgoing chairman of the Financial Stability Board (FSB) sounded alarming to the systematic risks that have taken deepening the Crypto integration into traditional financial, or tradition. Meanwhile, Bitcoin Bullishness returns to social media after some recent retests near all times high.
President Trump described crypto plans at Coinbase Summit
President Trump talked The State of Coinbase’s Crypto Summit On Thursday, prerecorded comments about his ongoing priorities in digital assets were delivered.
“My administration is working with Congress to pass the Genius Act that supports the creation of dollars supported by Stablecoins, and we also work to create clear and simple frameworks in the market that will allow America to dominate the future of Crypto and Bitcoin,” Trump said at his second address at a crypto summit from his inauguration.
Comments come as the Senate prepares to vote on the Genius Act – a major bill of Stablecoin – following this Advancement to a major vote Earlier this week.
Lawmakers in the House of Representative also consider the Clarity Act, a widespread effort to establish a comprehensive regulatory framework for digital ownership.
FSB warns crypto approaching the “tipping point” as a relationship with the deepening of Trade
FSB is sound alarm to growing risks From the Crypto sector, the warning that interlinks with traditional finances are approaching a critical threshold.
Speaking to Madrid on Thursday, FSB Chair Klaas Knot Says That while crypto has not yet posted a systematic risk to traditional finances, that status may not last longer. “We can come to a tipping point here,” he said.
Knot noted that the barriers to entry for retail investors “dropped significantly,” especially in Introduction of funds exchanged by Crypto Exchange. Crypto ETFs allow investors to obtain exposure to digital assets without managing private keys, using crypto wallets or navigating exchanges.
Knot added that another place of concern is the Stablecoin market. He noted that those who now hold a large amount of US Treasurys, which adds interlinks between crypto and traditional finances. “That’s a segment that we have to keep track of well,” he added.
Bitcoin Bulls roar as BTC flirts with $ 112,000
Some Bitcoin breakouts have passed $ 110,000 this week has Pushed emotionally of the bullish market At a seven -month tall, last seen during the election of President Donald Trump’s presidential election.
Until June 11, there are 2.12 Bitcoin’s positive comments for every negative comment on social media, the Crypto Analytics platform Santiment Says In a post of June 11 x.
This is the highest ratio since November 6, the day after Trump won the President’s election, when Bitcoin exceeded $ 70,000 in the first time.
Retail interest In Bitcoin left this cycle, with those who got the price of bitcoin linked to institutional and adoption of the country-state. A positive retail shift can be an additional boon for bitcoin.
Santiment data for June 11 has a high 504.54 positive sentiment of bitcoin comments, while 237.71 comments are negative, worth a ratio of 2.12. Santiment tracks Sentiment of bitcoin market In X, Reddit, Telegram, 4chan, Bitcoin Talk and farcaster.
