Author: Cointelegraph by Vince Quill

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President of Jump Crypto steps down

Kanav Kariya announced his resignation amid reports of a pending investigation into Jump Crypto’s activities and several incidents dating back to 2022. Source link

European Central Bank releases first CBDC progress update

The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking. Source link

Blockchain Association objects to IRS broker rule in letter

The Washington DC-based blockchain advocacy group argued the IRS’ broker rule provisions violate the Paperwork Reduction Act. Source link

RFK Jr. promises to pardon Silk Road's Ross Ulbricht if elected

“Yes, illegal activity took place there, but come on,” the Presidential hopeful wrote as he denounced Ulbricht’s draconian sentence. Source link

Gemini launches campaign finance initiative for pro-crypto candidates

The announcement from Gemini followed $2 million in personal donations from the Winklevoss brothers to former President Trump’s re-election campaign. Source link

Italian gov't to ramp up surveillance of crypto market

The latest draft policy stipulated fines between 5,000 – 5 million euros ($5,400-$5.4 million) for market manipulation and other financial crimes. Source link

Bitcoin exchange reserve metric hits 3-year low

Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin. Source link

CleanSpark acquires 5 mining facilities in Georgia

The new facilities are expected to increase CleanSpark’s hashrate to over 20 exahashes per second by the end of June, spokespeople claimed. Source link

Digital asset funds see biggest weekly outflow since March

According to data from a CoinShares report, weekly total outflows for digital asset funds hit $600 million on June 14. Source link

Former SEC official David Hirsch says he is not joining pump.fun

Rumors have been circulating that the recently retired SEC veteran was taking on a private role in the digital asset sector. Source link