In a lawsuit against Donald Trump, 12 US states argued that the new tariffs imposed under IEEPA are unconstitutional and violate the authority of Congress.
The Federal Reserve withdrew its 2022 and 2023 guidance on banks' cryptocurrency and stablecoin activities, removing the requirement for prior approval or notification for these transactions.
At the time of writing, Bitcoin (BTC) is trading at $93,495 and Ethereum (ETH) is trading at $1,775.
The fear and greed index is neutral at “52”.
Important developments during the day:
General Market Activity: SEC Virtual Assets Task Force will hold its second meeting.
General Crypto Event: Solana Crossroad event will take place.
