According to @FoxNews, New York District Judge Analisa Torres has rejected a joint request from the SEC and Ripple Labs to modify a final judgment, which would have lowered Ripple's penalty and removed a permanent injunction. The source states the judge found the parties did not show 'exceptional circumstances' to warrant the change, noting a 'reasonable probability' that Ripple would continue violating federal securities laws. This development maintains legal uncertainty for Ripple (XRP), which is currently trading at $2.2061, up 0.929% over 24 hours. In separate news, the U.S. Senate has passed a stablecoin regulation bill, a potentially bullish event for the crypto market. Concurrently, reports indicate President Trump and his family have reduced their stake in a crypto firm with its own stablecoin, World Liberty Financial, raising conflict of interest concerns but also highlighting the growing intersection of crypto and U.S. politics.

According to Fox News, the timeline for comprehensive U.S. crypto legislation is becoming clearer, creating potential catalysts for the market. Senator Tim Scott, chairman of the Senate Banking Committee, has set a new deadline of September 30 to finalize a bill establishing the structure for U.S. crypto markets. This development comes as President Donald Trump urges the House to 'move LIGHTNING FAST' and pass the Senate-approved stablecoin bill, the GENIUS Act, without any changes. However, Representative French Hill, a key House lawmaker, indicated that talks are still underway to reconcile 'material' differences between the Senate's bill and the House's version, particularly concerning extraterritoriality and the roles of state versus federal regulators. This legislative push-and-pull between a swift, clean bill favored by Trump and a more deliberated, combined approach in the House introduces both a clearer path to regulation and short-term uncertainty for traders monitoring policy developments.

According to @FoxNews, U.S. Senator Tim Scott has set a new September 30 deadline for completing the crypto market structure bill, a timeline he described as a 'realistic expectation' at a press event. This schedule is later than President Trump's request but faster than the year-end target previously suggested by Senator Cynthia Lummis. However, progress could be slowed by the need for coordination with the House and the Senate Agriculture Committee. Concurrently, Senator Adam Schiff has introduced the COIN Act to prohibit officials like President Trump from sponsoring digital assets, citing ethical concerns over personal enrichment. This legislative push from Democrats, including some crypto allies, introduces a layer of political complexity. Amidst these regulatory developments, major cryptocurrencies show mixed performance, with Ethereum (ETH) trading around $2,437, Solana (SOL) near $151.58, and Cardano (ADA) at approximately $0.5553, reflecting trader caution as they await clearer legislative outcomes.

According to @FoxNews, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the comprehensive crypto market structure legislation, a timeline he communicated to a White House crypto adviser. This new target is later than President Trump's request for an August completion but sooner than a previous year-end estimate from Senator Cynthia Lummis, who has agreed to the new schedule. However, potential delays loom as the House of Representatives has not committed to the Senate's stablecoin bill, the GENIUS Act, and the Senate Agriculture Committee's involvement is still required. For traders, this provides a clearer but still tentative timeline for regulatory clarity. Concurrently, political friction is increasing as Senator Adam Schiff, despite voting for the stablecoin bill, has introduced the COIN Act to prohibit officials like President Trump from issuing or sponsoring digital assets. This move, backed by other Democrats, highlights concerns over potential conflicts of interest and introduces a layer of legislative risk that could complicate the passage of the broader crypto bills.

According to The Kobeissi Letter, President Trump’s Truth Social has officially filed for a Truth Social Bitcoin and Ethereum ETF. This move signals growing institutional interest in cryptocurrency, particularly BTC and ETH, and could drive significant trading volumes and volatility if approved. Traders should monitor regulatory developments closely, as ETF approval has historically influenced crypto market liquidity and price action (Source: @KobeissiLetter, June 16, 2025).

According to The Kobeissi Letter, President Trump announced the launch of a 'Trump card' for $5 million, notably referencing '$DOLLARS' as a ticker symbol during his statement (source: The Kobeissi Letter, June 12, 2025). The use of '$DOLLARS' as a ticker has raised speculation within crypto trading communities about a potential new cryptocurrency or token tied to Trump's brand. Traders are closely monitoring for official confirmation and further details, as similar announcements have previously led to significant volatility in related meme coins and politically themed tokens.

According to Lookonchain, Trump's World Liberty (@worldlibertyfi) is distributing an airdrop of 47 USD1 tokens to every wallet that participated in the WLFI token sale, as verified by on-chain data on Etherscan (source: Lookonchain Twitter, June 4, 2025; Etherscan). This targeted airdrop increases liquidity for USD1 and may spur heightened trading activity around both USD1 and WLFI tokens. Traders should monitor USD1 price movements and potential arbitrage opportunities, as the influx of tokens could impact short-term volatility and trading volumes across decentralized exchanges. The airdrop may also signal renewed interest in politically affiliated crypto projects, which could influence broader market sentiment.

According to @ai_9684xtpa, WLFI has airdropped 47 $USD1 tokens directly to Ethereum wallet addresses of $WLFI subscribers, referencing Donald Trump as the 47th U.S. President for symbolic effect (source: Twitter @ai_9684xtpa, June 4, 2025). This targeted airdrop contract (verified at the provided link) highlights the growing trend of event-driven meme and political narrative tokens, potentially increasing WLFI token liquidity and engagement on the Ethereum network. Traders should monitor WLFI and similar Trump-themed tokens for volatility and increased trading activity following these thematic airdrops.

According to Eleanor Terrett (@EleanorTerrett) on Twitter, Magic Eden has confirmed that the newly launched $TRUMP wallet is officially affiliated with the Trump brand, carrying verified Trump branding and intellectual property. Magic Eden further stated that they have a historic working relationship with the $TRUMP project, reinforcing the wallet's authenticity (source: Eleanor Terrett, Twitter, June 3, 2025). This official confirmation reduces concerns about counterfeit or unverified $TRUMP wallets, potentially increasing trader confidence and liquidity around Trump-related tokens and NFTs. Crypto traders should monitor $TRUMP token price action as association with a high-profile brand could drive increased volatility and trading volume.

According to Santiment, TRUMP soared 80%, SUI climbed 64%, and VERUM jumped 51% in the past week, all exhibiting strong decoupling from broader market trends. Trading volume increased by 57% compared to the previous week, reflecting aggressive accumulation by traders seizing the opportunity from the early April dip. This surge in both price and volume highlights continued bullish sentiment and suggests further volatility may be ahead for these trending altcoins. (Source: Santiment, April 27, 2025)