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.