Lawsuits and Liquidations
On June 3rd, the United States Congress raised the debt ceiling by $1.2 trillion, sidestepping the looming spectre of government default and shutdown. This move grants the government borrowing latitude until December 16, 2025, successfully mollifying market anxiety. While equity markets have maintained an aura of calm in recent days, a storm has engulfed the cryptocurrency realm. The SEC, with a predator’s intensity, has launched a sweeping regulatory offensive that precipitated a short-term plunge in…