- The EU’s MiCA licensing deadline on July 1 is pressuring exchanges, with BitGo launching a compliant service to help firms navigate the process.
- The US Congress advanced a housing bill that includes a ban on the Federal Reserve creating a CBDC until 2030.
- The crypto-backed PAC Defend American Jobs has spent over $12 million to influence key Senate primary runoffs, starting with Alabama’s election.
A crucial regulatory deadline in Europe and major political maneuvering in the United States are shaping the global cryptocurrency landscape this week. The European Union’s Markets in Crypto-Assets Regulation (MiCA) enforcement is imminent, while U.S. lawmakers move to restrict a central bank digital currency. Consequently, industry players are scrambling to adapt and influence policy ahead of pivotal elections.
BitGo has launched a crypto-as-a-service platform specifically designed to help companies comply with MiCA ahead of the July 1 deadline. BitGo CEO Mike Belshe argued that regulated infrastructure can keep platforms active during licensing delays. “We can help keep you moving safely and compliantly,” he said.
Meanwhile, U.S. House and Senate leaders reached a deal to advance the 21st Century Road to Housing Act. This bill expressly prohibits the Federal Reserve from issuing a CBDC until December 31, 2030. House Republican leaders reportedly plan to put the bill up for a vote after June 23, which would secure a long-sought victory for CBDC opponents.
Political action committees funded by the crypto industry are also making significant investments. The PAC Defend American Jobs, affiliated with Fairshake, has spent over $12 million backing Republican Barry Moore in Alabama’s Senate primary runoff. Following Tuesday’s vote, the PACs will also have stakes in Maryland and New York later this month, backing Democratic candidates for House seats.
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