According to @FoxNews, the U.S. crypto landscape is facing two significant developments with major trading implications. Firstly, Senator Adam Schiff has introduced the COIN Act, which aims to prohibit senior government officials, including President Trump, from issuing or sponsoring digital assets, citing ethical concerns over personal enrichment from crypto ventures. This move comes despite Schiff being considered a crypto-friendly Democrat, highlighting a complex political environment for future market structure legislation. Secondly, the Federal Housing Finance Agency (FHFA) announced it will study the possibility of allowing crypto assets like Bitcoin (BTC) to be considered in mortgage applications. FHFA Director Bill Pulte, a Trump nominee with personal holdings in BTC and Solana (SOL), is leading this review, which could significantly increase the utility and mainstream adoption of cryptocurrencies if current rules requiring conversion to USD are changed. In the current market, Bitcoin (BTC) is trading around $106,750, while Ethereum (ETH) is near $2,440, both showing minor 24-hour losses.

According to @boldleonidas, Australian banks are hesitant to provide mortgages to individuals who transition from traditional careers like teaching to roles in the cryptocurrency industry, such as illustrators. This indicates a significant risk assessment by banks, potentially impacting financial planning for those in the crypto sector.