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The move follows failed attempts to route more than $50M through NEAR Intents, underscoring how tighter screening can push stolen funds toward privacy tools and permissionless venues.
The ruling clears a $110 billion deal involving two major media companies, putting the transaction's next steps in focus.
The proposal puts crypto taxation on the US legislative agenda, but its provisions and potential effects are not specified.
The stance puts privacy and limits on government control at the center of the US debate over digital money.
The reported inquiry puts consumer-protection scrutiny in direct tension with President Trump's support for industry self-regulation.
837 $BTC (≈70.3M) moved from unknown wallet to #Coinbase.
674 $BTC (≈56.7M) moved from unknown wallet to Coinbase Institutional.
647 $BTC (≈54.4M) moved from unknown wallet to Coinbase Institutional.
617 $BTC (≈52M) moved from Coinbase Institutional to unknown wallet.
617 $BTC (≈52.1M) moved from Coinbase Institutional to unknown wallet.
674 $BTC (≈56.8M) moved from unknown wallet to Coinbase Institutional.
1.8K $BTC (≈153.8M) moved from unknown wallet to unknown wallet.
999 $BTC (≈84.2M) moved from unknown wallet to Coinbase Institutional.
110.6M $USDC (≈110.6M) moved from unknown wallet to USDC Treasury.
The shift to targeted promotions comes as Kalshi posts record volume and pursues a reported $40B valuation, raising questions about how much activity incentives sustain.
A possible XRP or Solana filing would widen the spot ETF race beyond Bitcoin and Ether, but McClurg's timeline is a forecast, not a confirmed plan from BlackRock.
Even if institutional borrowers repay, the DAO could face margin pressure on its own borrowing or see funding costs erase the proposed loan spread.
A clearer framework could shape how digital-asset firms operate in the US, where regulatory treatment has been a central industry concern.
The proposal targets future trades by lawmakers and their families but would let them keep stocks they already own, leaving existing holdings untouched.
The shift eases a key near-term policy concern for risk assets, though it does not establish that the Fed will cut rates.
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