š¢ļø Oil Prices Are Soaring āŗ Global oil prices jumped $8 overnight after Israel launched airstrikes on Iran āŗ Oil now sits at $73 per barrel ā analysts say this could rise to $100 if the situation worsens āŗ The crisis is far from the U.S., but the impact hits American wallets directly
š Trumpās Energy Problem āŗ President Trump promised lower energy prices, but markets arenāt cooperating āŗ Gasoline prices may rise 25 cents per gallon soon, analysts warn āŗ Electricity and natural gas costs are also climbing
š Few Options Left āŗ Trumpās main tool ā the Strategic Petroleum Reserve ā has already been heavily drained āŗ Only 402 million barrels remain, down from 626 million in 2021 āŗ Tapping it again now could leave the U.S. vulnerable later
š¬ Experts Are Worried āŗ Bob McNally: āThese oil spikes are more likely to cause a recession than just inflationā āŗ Andy Lipow: If Iran hits back or blocks the Strait of Hormuz, we could see $100 oil āŗ Iran knows that high oil prices hurt Trump politically
š£ļø White House Response āŗ DOE says theyāre cutting red tape to boost U.S. energy output āŗ But market watchers say talk isnāt enough ā the surge is driven by war fears, not regulations
š§ Market Context āŗ Oil was dropping earlier this year due to Trumpās āLiberation Day tariffsā and rising OPEC output āŗ But the Israel-Iran tension erased those gains āŗ Next week may see either stabilization or another price surge, depending on military developments
š Why It Matters āŗ Energy costs affect everything ā from food prices to crypto markets āŗ Rising gas prices could damage Trumpās popularity, just like they did Bidenās āŗ If the conflict worsens, economic pain may spread far beyond the gas pump
Shopify has teamed up with Coinbase and Stripe to activate USDC payments for millions of merchants ā no setup needed. All sellers can now accept crypto by default. To opt out, theyāll have to manually disable the feature.
ā”ļø Powered by Coinbaseās Base chain, this move simplifies crypto adoption in retail without adding third-party apps or complex payment gateways.
šļø Seamless for Merchants
Merchants using Shop Pay or guest checkout can now accept USDC directly from popular wallets. Payments are auto-converted to local currency ā unless merchants prefer to hold crypto.
š” Plus: No foreign exchange or network fees involved, making it cheaper than traditional card payments.
šø Cashback to Drive Usage
Shopify is offering up to 0.5% cashback on USDC sales for U.S. sellers. Later this year, even shoppers using USDC will get rewards too. It's part of a broader push to normalize stablecoin usage in e-commerce.
š Why This Matters
Stablecoins like USDC are already processing $1T+ in monthly payments. Shopifyās move shows how far weāve come: crypto isnāt an experiment anymore ā itās becoming part of everyday business.
With giants like Meta, Google, and Visa also exploring crypto rails, Shopifyās stablecoin-first design could be a game-changer for retail crypto adoption worldwide.
Pakistan is taking a bold step into the digital economy by using 2,000 megawatts of unused electricity to fuel Bitcoin mining farms and AI data centers. This excess powerāmostly from underused coal plantsāis now being repurposed to support tech innovation,
š” Why It Matters
ā Idle energy becomes an asset: Power plants running at just 15% capacity are now helping generate value instead of sitting idle. ā Bitcoin & AI take the lead: Mining farms and data centers will use this power to build Pakistanās presence in global tech. ā Job creation & investment: The initiative is expected to attract foreign capital and create thousands of high-paying jobs.
šļø Powered by Government & Private Sector
The plan is being led by the Pakistan Crypto Council (PCC), backed by the government and headed by Finance Minister Muhammad Aurangzeb. Bilal Bin Saqib, a well-known crypto and tech advocate, is the CEO spearheading the effort.
Theyāre also drafting new crypto-friendly regulations, including:
A national Bitcoin wallet
A Digital Assets Authority
Tax breaks and zero import duties for mining hardware
These steps aim to make Pakistan a welcoming hub for global crypto and AI firms.
ā ļø What to Watch
š¹ Environmental concerns: Most of the energy still comes from coal, raising questions about sustainability. š¹ Grid pressure risks: Diverting power to mining may affect residential power availability if not managed well. š¹ IMF reaction: Pakistanās loan program with the IMF might not support subsidized energy being used for crypto activities.
š Final Thoughts
Pakistan is making a strategic move to transform its energy surplus into a driver for tech growth and digital finance. While challenges remain, this could be the start of a broader shift toward crypto-driven infrastructure in emerging markets. #BTC
š¢ļø Oil prices jumped 10% after Israel launched direct strikes on Iranās nuclear and military sites ā sparking fears of broader conflict and fresh market volatility. š U.S. stock futures fell sharply, while Bitcoin dipped 2.5%, reacting to rising geopolitical tension.
š Key Market Impacts for Crypto Traders
ā Rising oil = rising inflation pressure, which could delay interest rate cuts ā a negative for risk assets like crypto ā Gold hit a new all-time high, showing capital rotation into safe-haven assets ā If Iran retaliates, watch for:
š¢ļø Oil pushing past $100
šø Flight from stocks/crypto to safety
š Bigger volatility across global markets
š Snapshot:
Oil (WTI): +9.05%
Brent Crude: +9.10%
Gold: +1.7% (ATH above $3,450)
BTC: -2.5% (below $104K)
ETH: -2.3%
US stock futures: -1.5% to -1.8%
ā ļø What to Watch Next
ā”ļø Iranās response ā if it targets oil routes like the Strait of Hormuz, expect more energy market chaos ā”ļø Risk of sanctions or broader escalation ā”ļø Impact on Fed policy as inflation risk rises again
š” Takeaway for Crypto: This isnāt just about oil ā it's a potential macro regime shift. Risk-on assets like BTC may stay under pressure short-term. Traders should brace for volatility and track geopolitical headlines closely.
ā”ļø Solana just ranked #1 among all blockchains for app fees paid by users ā hitting $18 million in a single day, according to DeFiLlamaās new tracker.
ā This means users are paying more to use Solana apps than on Ethereum or BNB Chain.
š Why Is This Important?
Most stats like "transactions" or "TVL" can be fake or misleading.
But app fees show how much users are actually spending to use apps. Itās real, hard-to-fake proof of activity.
š¬ āApp fees are now a key tool for crypto analysts,ā says DeFiLlamaās Patrick Scott.
š Whatās Pushing Solana Up?
⢠Memecoins and Pump.fun: These fun coins brought tons of users, especially during big launches like "Official Trump". ⢠In January, app fees even hit $150 million in one day ā 10x more than today. ⢠Fees have dropped since then, but Solana still leads because of its growing DeFi and trading apps.
š What About Ethereum and BNB Chain?
⢠BNB Chain made over $10M from PancakeSwap alone. ⢠Ethereum brought in around $8M from apps like Uniswap, Aave, and Lido.
Both are still strong, but Solanaās cheaper and faster apps are pulling in more users right now.
š§ Final Thoughts
Solanaās lead in app fees shows it's not just for memecoins anymore. With millions in real usage every day, itās quickly becoming a serious DeFi and trading powerhouse.
App fees could soon become the #1 way to judge which blockchains matter most.
In a surprising twist, the Bitrue hacker has started buying back Ethereumāright at the local bottom.
ā Hereās What Happened
š¹ On March 10, 2024, the hacker dumped 4,207 ETH for 16.34M DAI at ~$3,885 per ETH. š¹ Now, after 15 months of silence, heās back in actionāand buying the dip. š¹ As of June 10, 2025, he spent 8.3M DAI to scoop up 2,999 ETH at ~$2,769. ā”ļø This classic "buy-low" move has stunned on-chain watchersāsuggesting the hacker is timing the market with precision.
š Whale Alert: 33,500 ETH Pulled From Binance
At the same time, another key player is moving.
šø Whale address 0xFC82 withdrew 33,500 ETH (~$93.5M) from Binance in just 48 hours. šø This kind of outflow typically hints at: ā⢠Cold storage ā⢠Long-term staking ā⢠Reallocation into DeFi protocols š The timing suggests whales may also be positioning for a rebound.
š§ Final Take
Between a hacker timing the dip and whales exiting centralized exchanges, ETH is quietly drawing serious interest below $2.8K.
Traders should stay alertāsmart money is clearly moving, and Ethereumās next wave may already be forming on-chain.
Nillion just rolled out its new Enterprise Cluster, with global giants like Deutsche Telekom, Alibaba, and Vodafone launching validator nodes on the networkāmarking a major leap forward for decentralized tech in the enterprise world.
ā What Is the Nillion Enterprise Cluster?
Nillionās Enterprise Cluster is a new privacy-focused blockchain layer, powered by their NiiL (Non-Interactive Information Locking) technology. It allows data to be stored and processed without ever being fully reconstructed, keeping it confidential and tamper-proof.
š Key benefit: Sensitive data stays secureāideal for finance, healthcare, and government use.
š” Why This Matters
š¹ Solves privacy worries: Enterprises often hesitate to use blockchain due to data security risks. Nillionās tech directly addresses this.
š¹ Boosts real-world adoption: With major corporations running nodes, Nillion sends a strong message: enterprise-grade blockchain is here.
š¹ No trade-offs: Nillion keeps everything decentralizedāwithout sacrificing performance or compliance.
š Whatās Next for Blockchain?
If Nillionās model works, it could become a blueprint for future enterprise adoption, especially as global data privacy laws tighten.
This launch is more than a tech upgradeāitās a potential turning point for how traditional industries interact with decentralized systems.
š§ Final Take
Nillion is positioning itself at the intersection of privacy, decentralization, and enterprise adoption. With giants like Alibaba and Vodafone onboard, its Enterprise Cluster could catalyze a new wave of blockchain integration in heavily regulated sectors.
Bitcoin is trading just above $107,500, holding key support after briefly reaching a high of $110,375. The price is now in a critical zone, where the next move could decide whether BTC continues its rally or corrects deeper.
ā Price Movement Recap
BTC jumped from a low of $105,477 and peaked at $110,375.
A short-term trendline was broken near $109,450, hinting at short-term weakness.
Current support is around $107,500, backed by the 100-hour Simple Moving Average.
š What to Watch Next
Resistance Zones:
$109,250 ā Minor intraday resistance
$110,000 ā Key psychological and technical level
$110,500 ā Strong resistance; a breakout above could send BTC toward $112,000ā$115,000
Support Zones:
$108,000 ā Immediate support (50% Fib level of recent move)
$107,350 ā First major support
$106,550 ā Deeper pullback support
$105,000 ā Last line of defense before bearish pressure increases
š Short-Term Technical Signals
MACD (1H): Weakening in bullish zone ā momentum is slowing.
Structure: BTC is still above 100-hour SMA, but recent break below trendline means buyers must step in soon to regain control.
ā ļø Bullish or Bearish?
If BTC closes above $110,500, it could resume upward momentum toward $112K and beyond.
But if it fails to hold $107,500ā$108,000, a drop toward $106,550 or even $105,000 is possible, especially if volume stays weak or sellers gain momentum.
š Final Take
Bitcoin is at a make-or-break level after failing to sustain above $110K. The bullish trend remains intact but fragile ā traders should watch for strong reactions at $108K and $110K. These zones could determine the next big move.
Ethereum is currently trading near $2,761, just below its breakout zone of $2,800. After months of sideways movement, ETH is now showing signs of bullish momentum that could send it to $3,000.
ā Whatās Happening?
ETH has broken out of a long-term downtrend that began in late 2024.
After flipping the $2,800 resistance into support, ETH has been consolidating above $2,600, indicating growing buying interest.
The breakout confirms a shift in trend ā from lower highs to higher lows.
š Key Levels to Watch
Support Zones: $2,600 and $2,400 ā both zones have held strong during recent pullbacks.
Resistance Zones: $2,800 (current retest area) and $2,950 ā a supply zone from January 2025.
Breakout Target: A clean move above $2,950 could open the path to $3,000 or higher.
š Why Traders Are Watching This
Ethereum has consistently built strength from past corrections: š From $1,600 ā $2,400 ā $2,600 ā each step showed strong buyer defense.
If ETH holds above $2,800 and volume picks up, it could confirm a bullish continuation pattern, increasing the probability of reaching $3K in the near term.
ā ļø What Could Invalidate the Move?
A failure to hold above $2,600 would be a bearish signal, potentially dragging price back into the old range.
Traders should be cautious of low-volume breakouts or sharp rejections near $2,950.
š Final Take
Ethereum is on the verge of confirming a trend reversal. If current momentum holds and price stays above $2,800, ETH may rally to $3,000 soon ā making this a key moment for short-term traders.
š Watch for strong daily closes š Monitor reactions at $2,800 and $2,950 š Stay alert ā ETH is showing serious strength!
XRP is trading at $2.24, showing signs of strength as it hovers just under a critical breakout level. After bottoming near $1.90 in April, price structure now suggests a bullish setup in progress.
š§± Strong Support Holds While Bulls Push Against $2.35
XRP has maintained solid support between $2.10 and $2.15, with price currently moving upward from that base.
š¢ Resistance at $2.35ā$2.36 is the immediate ceiling. A clean break above this range could unlock higher targets at $2.44 and possibly $2.60 in the coming sessions.
A potential W-shaped double bottom remains in play, giving more weight to the breakout thesis.
Wave Analysis Suggests New Uptrend May Be Brewing
Analysts believe XRP finished a WXY correction from its early 2025 highs. From the April low, XRP:
Completed a 5-wave impulse up
Pulled back in a classic 3-wave correction
Is now possibly starting a new 5-wave bullish sequence
šUpdated Key Levels:
Immediate support: $2.22, $2.15, and $2.11
Breakdown below $2.11 could trigger a shift to lower zones like $1.95
ā ļø Funding Rate Creeping Up ā Warning Sign or Launchpad?
The funding rate for XRP longs is sitting at 0.01% every 8 hours, signaling mild bullish leverage. However, if it rises above 0.02% without upward price follow-through, traders may start to unwind positions.
š If price drops below $2.22, short-term downside levels to watch are:
$2.01
$1.90
Possibly $1.55 if momentum breaks down completely
š§ Breakout vs Pullback ā What Comes First?
ā”ļø Bullish Path: Clear move above $2.36 ā XRP could rally toward $2.44 and $2.60 ā”ļø Bearish Risk: Drop under $2.11 ā Focus shifts back toward $1.95 support
Any dip toward $2.10ā$2.00 might create the ideal buy-the-dip zone, especially if volume kicks in afterward.
Uniswap (UNI) is showing signs of a strong trend reversal after finally breaking through a multi-week price ceiling. With price action now above key resistance levels, traders are watching the next targets at $9.10 and $12.00.
š Breakout Confirmed: UNI Closes Above $8.12
After spending most of May locked in a range between $6.10 and $7.50, UNI broke out with a clean bullish candle ā closing at $8.12 on June 10.
ā This breakout shows:
Price has reclaimed market structure
Buyers are in control
Momentum is building above former resistance
š§± What Changed? Key Technical Signals: š¹ The $7.50 ceiling, which rejected price multiple times, has now flipped to support š¹ The double-bottom pattern around $6.10 served as a strong accumulation zone š¹ Candles are printing higher closes with reduced wicks ā a sign of strong bullish conviction
š Recent Candles Show Power: Latest session (12H time frame):
High: $8.313
Low: $7.906
Structure: Clean bullish candles with minimal downside wicks ā”ļø This reflects buying pressure with little opposition ā often a precursor to continued rallies
š§ Next Resistance Levels to Watch:
$9.10 Zone ā Previous rejection area, likely to be tested soon
$12.00 Major Resistance ā Last touched in 2024 before a correction
š If volume increases and UNI maintains closes above $8.30, bulls may have a clear runway toward these zones
ā ļø What Could Invalidate This Breakout?
Failure to hold $7.50 as support
Bearish divergence on momentum indicators
Sudden sell-off across broader altcoin market
Low volume confirmation in upcoming candles
š§ Traderās Takeaway: UNI has successfully flipped resistance into support. While early signs point toward a move to $9 or $12, watch volume and candle structure closely. Pullbacks to $7.50 could offer re-entry zones, but losing that support could trap late buyers.
ššš²ššš„ ššØ šš«š¢š§š ššššš ššØ šššš„š„šš« šššš°šØš«š¤ For Fast Global Payments.
PayPal is going multi-chain ā and this time itās headed for Stellar. But approval from New York regulators might make or break this move. Hereās whatās happening š
š¢ Whatās New?
PayPal CEO Alex Chriss just announced that PYUSD will expand to the Stellar network to enable:
ā Faster & cheaper cross-border payments
ā Easier access for developers
ā Greater reach in emerging markets But the integration is still waiting on approval from the NYDFS (New York Department of Financial Services).
ā” Why Stellar?
Stellar is built for speed, low fees, and real-world use. By tapping into its 170-country network with built-in fiat ramps and wallets, PayPal aims to:
ā”ļø Power real-time commerce and micro-financing
ā”ļø Launch PayFi, a financing solution for SMBs
ā”ļø Serve areas where banks are slow or unavailable š¼ What is PayFi?
A new product by PayPal to help small businesses access instant loans in PYUSD ā directly to their Stellar wallets. They can use the funds for: Paying suppliersManaging inventory Handling day-to-day cash flow Liquidity providers can also earn returns by funding these loans ā making it a real-world DeFi use case.
š Strategic Global Push
PayPal has also partnered with: Gebuana Lhuillier (Philippines) ā 3,500 locationsYellow Card (Africa) ā 25,000+ touchpoints Together, this could cut remittance costs by up to 80% ā threatening legacy players like Western Union and MoneyGram.
ā ļø What Could Go Wrong?
šø NYDFS approval is still pending, with regulators wary of money laundering and consumer risk.
šø Stellarās decentralized nature may not align with banking oversight.
šø PYUSD redemption risk exists if liquidity dries up.
šø Reputation challenges: Crypto still suffers from scam/hack fears.
šø Stiff competition from USDC ($50B+) and USDT, which already dominate the stablecoin market.
š£ļø What Theyāre Saying
šØļø āStablecoins are blockchainās killer app.ā ā May Zabaneh, PayPal VP
šØļø āThis could bring PYUSD to 170+ countries.ā ā Danelle Dixon, CEO of Stellar
šØļø āA high-risk, high-reward play.ā ā Jim Cramer, CNBC
š Bottom Line
PayPalās PYUSD joining Stellar could revolutionize global payments ā but only if regulators approve and users adopt. It's a bold move in a market already dominated by USDC and USDT.
Famous footballers are under investigation in Spain after promoting a crypto project that disappeared with millions. The platform promised NFT rewards but delivered nothing.
ā ļø Whatās the Shirtum Scam?
āŖļø Shirtum was a crypto-NFT platform that sold digital collectibles using its own token, $SHI āŖļø It promised fans exclusive NFTs linked to football stars' image rights āŖļø But the platform never worked ā and the NFTs were useless āŖļø Over $3.4 million was collected from investors and then vanished
š Which Players Are Involved?
Six big names in football helped promote the project, including:
š Papu Gómez and Lucas Ocampos (World Cup winners)
šµ Ivan RakitiÄ and Javier Saviola (ex-Barcelona players)
š”ļø Nico Pareja and Alberto Moreno
They were called āfoundersā and used their fame to promote the token, but later deleted all Shirtum posts from their social media.
š§ How It Fell Apart
āŖļø Shirtum claimed it was hacked in 2022, but never reported it to police āŖļø Experts say the company was set up to hide money and avoid taxes āŖļø Victims say the money was used for personal gain, and the platform was quietly shut down
š What Experts Are Saying
āPeople trust famous faces, but that trust can be used against them,ā ā Mohith Agadi, Founder of Fact Protocol
He warned that celebrities often give scams a false sense of legitimacy.
šŖšø Crypto & Football in Spain: A Messy Mix
Since Spain banned gambling ads in 2021, crypto companies rushed in to sponsor football clubs. But many of these deals ended badly, with unpaid money and ongoing lawsuits.
XRP is showing strength above the $2.25 level, but faces tough resistance near $2.30. After a sharp rally, the market is now consolidating
š¹ XRP Price Action Overview
After forming a strong base near $2.10, XRP climbed steadily, breaking through key resistance levels at $2.15, $2.20, and $2.25. Bulls even pushed the price to a recent high of $2.3294, before a slight correction set in.
Currently, XRP is:
Trading above $2.25 and the 100-hour SMA, indicating strength
Holding above a bullish trendline support near $2.2750 on the hourly chart
Consolidating gains, but staying in bullish territory
š¹ Key Resistance Levels to Watch
$2.30 ā Immediate resistance. A clear break could trigger momentum.
$2.32 ā Previous swing high.
$2.35 ā Major breakout level. Above here, bulls could target:
$2.40
$2.42
Even $2.50, if volume supports
A clean breakout above $2.35ā$2.40 could reignite bullish momentum across the board.
š» What If XRP Fails to Break $2.30?
If bulls can't push through the $2.30 barrier:
Initial support lies at $2.2750 (trendline)
Stronger support at $2.25, which also aligns with the 76.4% Fib retracement of the $2.2250 ā $2.3294 move
A break below $2.25 could open the door to a drop toward $2.22 or even $2.20
š Technical Indicators
MACD (Hourly): Still bullish but weakening ā showing signs of consolidation
RSI (Hourly): Below 50, suggesting the momentum is currently neutral-to-slightly bearish
ā Summary for Traders
XRP remains in a bullish structure above $2.25, but needs a confirmed breakout above $2.30ā$2.35 to continue higher. Until then, the market is likely to range between $2.25 and $2.32.
Traders should watch for:
A strong hourly close above $2.30 to confirm bullish continuation
Weakness below $2.25, which may lead to a deeper pullback
South Korea is stepping up in 2025 with stronger crypto rules ā not to shut things down, but to build trust, protect users, and support healthy growth. Letās walk through whatās really happening and why it matters š
š¹ Crypto for Good: New Rules for Nonprofits
The government has now allowed nonprofits ā like charities and universities ā to sell donated crypto, but with guardrails. Only organizations with 5+ years of operation and independent audits can qualify. Theyāre limited to selling just 10% of crypto holdings per day and canāt use their own platforms. An internal review board is also required to approve every donation sale. This change adds more flexibility to the system ā especially for platforms that want to convert trading fees into crypto instead of fiat.
š¹ KYC, AML, and Risky Tokens: Cleaning Up the Market
On May 20, new anti-money laundering (AML) rules were finalized. Public companies and professional investors must now follow stricter AML obligations. At the same time, banks must enforce stronger Know Your Customer (KYC) checks tied to real-name bank accounts ā already a unique requirement in Korea. The government also introduced a new system to categorize high-risk tokens, limiting their use or sale if they donāt meet certain criteria. These moves aim to reduce fraud, pump-and-dumps, and rug pulls.
š¹ Stopping Illegal Platforms Before They Spread
Earlier this year, South Korea's Financial Intelligence Unit (FIU) teamed up with Apple and Google to take down illegal crypto apps. Already, 17 unlicensed platforms have been removed from app stores ā showing how serious the country is about cracking down on shady platforms before they reach users. š¹ Bitcoin ETFs? Not Off the Table
Inspired by Japanās recent progress, Korean regulators said theyāre reconsidering the ban on Bitcoin ETFs. This is a big shift, as the country previously banned crypto investment products for years. If approved, it could open the door to institutional crypto access through safer, regulated tools.
š¹ More Institutions Can Now Use Crypto Legally
For the first time, the Financial Services Commission (FSC) has allowed charities and universities to open real-name verified accounts on exchanges ā a key requirement in Korea. Even bigger, a pilot program starting in Q3 2025 will let 3,500 corporations and professional investors legally trade crypto, marking a major milestone for institutional adoption.
š¹ Still No Crypto Tax⦠Until 2027
South Koreaās long-awaited 20% capital gains tax on crypto has once again been delayed. It will now take effect in 2027, giving both retail investors and institutions more time to prepare. For now, crypto trading remains tax-free in practice.
š¹ Whoās Allowed to Operate in Korea?
Crypto exchanges like Bithumb, Flybit, and GDAC are fully registered with the FIU and must hold an ISMS certification from the Korea Internet & Security Agency (KISA). This helps ensure strong cybersecurity and compliance across platforms. No license = no legal trading.
š Crypto Use Is Growing Fast
In 2025, over 22% of South Koreans are crypto users ā and that number could hit 12.3 million by 2026. Revenue from the local crypto market is expected to grow from $1.1B to $1.3B in just one year. Even government officials are getting involved: a report earlier this year showed 1 in 5 public servants hold crypto, including high-ranking officials.
š Conclusion: A Tightened but Thriving Market
Under President Lee Jae-myung, South Korea is not turning away from crypto ā itās building smarter laws. By protecting users, encouraging legal adoption, and cracking down on bad actors, the country is shaping one of the most advanced and investor-friendly crypto environments in the world. If Asia is the next frontier for crypto growth, š°š· South Korea just might be leading the way. #southkorea #CryptoRoundTableRemarks #BinanceAlphaAlert #SouthKoreaCryptoPolicy #btc $BTC $ETH $XRP
šŗšø U.S. Congressman William Timmons is calling out the SEC for its confusing and inconsistent approach to Ethereumās legal status.
š¬ He sent a formal letter to SEC Chair Paul Atkins, demanding the agency release internal emails and files that could explain why their stance on ETH has changed over the years.
šļø Documents Requested by Timmons:
Emails discussing if ETH is a security
Records from the ETH 2.0 investigation
Internal files titled āETH ā Security or Notā (Some were mentioned during the Coinbase lawsuit but never made public)
š 2018 vs 2025: What Changed?
ā 2018: SEC official William Hinman said Ethereum is not a security, reassuring the crypto community.
ā Now (2025): Under Chair Gary Gensler, the SEC wonāt confirm ETHās status, creating uncertainty for developers, investors, and businesses.
š¬ Why It Matters:
Timmons says this āregulation by enforcementā strategy hurts U.S. innovation and confuses everyone.
š He wants transparency as Congress moves forward with the CLARITY Act, which aims to give clear legal definitions for crypto assets.
š¢ Takeaway:
"The American people and crypto builders deserve clarity ā not confusing rules that change without warning." ā Rep. Timmons
ā”ļø If these documents are released, we could finally understand the real reason behind the SECās shifting stance on ETH ā and push toward better crypto laws.