Travel Rule Push: Coinbase expands its TRUST network with TRUSThub, adding BNY and a 21 Analytics partnership to streamline compliance workflows for VASPs while keeping the model privacy-first. Regulatory Milestone: Paxos becomes the first blockchain-native clearing agency to get SEC approval as a registered clearing entity, moving from pilot settlements to a permanent role in US securities clearing. US Sanctions & Crypto Flows: The US ramps up sanctions on Iran’s military oil trade, with prior actions showing authorities can freeze crypto-linked funds tied to sanctioned networks. Market Structure Fight: Treasury Secretary Scott Bessent urges Congress to pass the CLARITY Act, pitching “future-proof” digital-asset rules and rejecting CBDCs. EU Licensing Deadline: France’s AMF warns crypto firms of blacklists and possible prosecution if they miss the end-June MiCA licensing cutoff. Crypto Market Hit: Bitcoin slides toward the low $73Ks amid US-Iran tensions, with ETF outflows and liquidation waves adding pressure. Prediction Markets Crackdown: A Google engineer faces charges over alleged insider trading on Polymarket, underscoring tighter scrutiny across crypto-adjacent betting. Big Tech/Defense Ethics: Ethics watchdogs question Dell’s $9.7B Pentagon contract after Trump-linked stock purchases, fueling conflict-of-interest concerns. Banking Risk Watch: UniCredit warns Europe may struggle to contain a crypto-linked bank shock under MiCA, citing weaker deposit backstops than the US had during SVB. Scam Warning: Utah authorities warn of suspected fraud tied to a crypto investment firm, BG Wealth Sharing, after reports of promised Bitcoin trading returns.