US Crypto Tax Push: The House Ways and Means Committee is circulating seven digital asset tax bills ahead of a June 9 hearing, aiming to fix everyday reporting headaches like de minimis relief and stablecoin tax treatment. Stablecoin & Banking Rules: Regulators defended post-crisis bank reforms and the GENIUS Act stablecoin framework at a House hearing, while Democrats warned safeguards could weaken. CLARITY Act Fight: The Senate blocked a Section 702 surveillance extension, and crypto watchers note the anti-CBDC rider is stuck in the same legislative limbo. Institutional Access Pressure: Senators renewed pressure on the Fed/FDIC/OCC over a 1,250% crypto risk weight that critics say blocks banks from meaningful bitcoin exposure. DeFi Governance Push: The Crypto Council for Innovation launched a Vault Coalition to shape rules for yield-generating vaults before enforcement fills the gaps. Market Mood: CoinShares reported $5.8B in digital asset outflows over four weeks as bitcoin and ether led the retreat. Security Shock: Zcash plunged after an AI-assisted discovery of a privacy-layer flaw raised fears about potential counterfeit minting, even after a patch. Geopolitics Meets Crypto: OFAC sanctioned Iranian crypto firms as US forces boarded the sanctioned tanker Davina, underscoring how digital finance is now tied to sanctions enforcement. Scam Reality Check: AI voice-cloning scams are escalating, with seniors and families urged to watch for small red flags and verify via trusted channels. Bitcoin Price: BTC slid to October 2024 lows near $60K, with Strategy’s selling and risk-off liquidity cited as key drivers. Regulator Warning: The UK FCA warned users about Hyperliquid/Hyper Foundation for operating without authorization.