According to Eleanor Terrett, MoonPay has officially secured the coveted New York BitLicense, a regulatory milestone that enables the firm to expand crypto onramp services in one of the most strictly regulated states (source: Eleanor Terrett on Twitter, June 4, 2025; cryptoinamerica.com). This development is likely to boost user confidence and trading volume for MoonPay as institutional and retail traders gain easier access to cryptocurrencies. Additionally, Congress is holding hearings today on the updated crypto market structure bill, which is expected to shape future U.S. digital asset regulations. Traders should closely monitor regulatory changes, as these events could influence liquidity, compliance requirements, and price action for major cryptocurrencies.

According to EleanorTerrett, MoonPay has secured its New York BitLicense, enabling the company to legally offer crypto services to customers in all 50 states. This regulatory milestone places MoonPay alongside major crypto firms such as Coinbase, Anchorage, and Circle, which have also been approved by the New York Department of Financial Services (NYDFS) (Source: EleanorTerrett on Twitter, June 4, 2025). The New York BitLicense is recognized as one of the most stringent regulatory requirements in the United States, and MoonPay's approval signals increased institutional trust and potential for higher trading volumes on the platform. Traders should note that wider access and regulatory clarity may drive greater adoption of MoonPay's services, potentially influencing liquidity and transaction activity throughout the U.S. crypto market.