๐ก๐ก๐ก Summary of Major News of the Day
๐ข President Trump stated that oil prices "will drop sharply and fall freely" when the war with Iran ends.
๐ข CFTC and SEC have jointly issued new guidelines clarifying how U.S. securities and commodities laws apply to crypto, while providing a clearer token classification system.
๐ข SEC indicated that most crypto assets are not securities, including staking, airdrops, and mining #Bitcoin, bringing new legal clarity.
๐ข CFTC Chairman stated that DeFi and prediction markets could restore trust, while signaling the need for a clearer regulatory framework for crypto in the U.S.
๐ข Citigroup has lowered its forecast to $112,000 for #Bitcoin and $3,175 for #Ethereum, due to the stalled crypto legislation in the U.S.
๐ข The U.S. national debt has reached a record high of $39 trillion.