Key Takeaways
OCC charters for Coinbase, Ripple, and Bitgo sparked Warren scrutiny; 2026 rules fight next.ARMA’s 1M BTC reserve plan could lift demand like IBIT; Begich and Golden face a vote next.ZEC hit $686, ETH eyes 2026 relief, and Coinbase’s June 8 perps expand market rails next.
WEEK IN REVIEW
Crypto Bank Charter Battle Grows as OCC Clears Coinbase, Ripple, Bitgo and Others
National trust charters pushed crypto custody into a broader regulatory clash as U.S. Senator Elizabeth Warren pressed the OCC over… read more
Editor’s comment:
As usual, Elizabeth “Cat Lady” Warren is in strong opposition to the industry getting charter licenses. Bitgo’s Mike Belshe challenged Warren’s use of “ crypto bank,” arguing that the phrase doesn’t actually have a legal definition, and asked Warren to engage directly with Bitgo and its staff.
US Lawmakers Propose the ‘ARMA’ Bill to Build a 1-Million- Bitcoin Strategic Reserve
Rep. Nick Begich and Rep. Jared Golden introduced the American Reserve Modernization Act of 2026 (ARMA), a bipartisan effort that, if approved… read more
Editor’s comment:
An SBR was one of the main selling points of Trump, the Crypto President’s campaign, which has not materialized as of yet. It would be great for the US if this could be timed to scoop up BTC at the bottom rather than the top. It could be a massive bullish catalyst in the same league as the launch of BlackRock’s IBIT that starts the next run.
‘Short-Term Noise’: Why Tom Lee Predicts a Massive Ethereum Rebound in 2026
The analyst believes that one of the reasons ether has been under selling pressure is linked to the conflict in the Middle East and… read more
Editor’s comment:
Tom Lee is going to say this anyway, but his conviction is admirable, especially amid the recent worsening vibe shift in Ethereum. Lee pointed out an overlooked inverse correlation between ETH and the price of WTI, which will be interesting to keep watching as the cycle progresses. If the thesis holds true, then presumably, any de-escalation in the Middle East could be a major boon for the world’s top smart contract platform.
ZEC Hits $686 Amid $28M Liquidations as Analyst Warn of Coordinated Squeeze
The privacy coin Zcash jumped over 17% in six hours, hitting a new year-to-date high on May 20. The rally pushed … read more
Editor’s comment:
After many years of crypto natives talking about the necessity of privacy, Zcash may be the chosen tech to fulfill the dream. ZEC has caught the attention and approval of not just the anons and trench warriors on CT, but also influential and institutionally minded figures like Barry Silbert, Arthur Hayes, and Multicoin Capital. While perhaps tactically overextended, it’s hard not to be long-term very bullish.
Traders Get AI, Defense, and China Perp Futures on Coinbase Starting June 8
Coinbase Derivatives is bringing perpetual-style equity index futures to U.S. regulated markets on June 8, giving traders direct exposure… read more
Editor’s comment:
The rush to tokenize everything, and for Coinbase to become a “super app,” progresses. As crypto platforms tokenize anything that can be traded, the question looming in the background is: When do the tradfi big boys in New York and Washington decide that it’s time to either crack down or get a piece of the pie?
