The SEC has scheduled three crypto-related rule proposals for July, focusing on token offerings, broker-dealer custody, and trading venues. These proposals could advance the regulatory process before Congress decides on the CLARITY Act, potentially shaping the future of crypto regulation in the US.
Two Senate races, in Texas and Maine, are testing party loyalty. Texas AG Ken Paxton faces low favorability among independents due to scandals, while Maine's Graham Platner apologizes for a past Nazi-like tattoo. Both candidates have forced party establishments to bend, raising concerns about candidate quality for Republicans and Democrats.
JPMorgan cautions that rapid US crypto regulation might create oversight gaps, particularly in stablecoin incentives and anti-money laundering tools, as the Digital Asset Market Clarity Act nears a Senate vote.
Georgia's Republican governor race advances to a June 16 runoff between Lt. Gov. Burt Jones and Rick Jackson. Meanwhile, primary elections are underway for other key races, including the U.S. Senate seat held by Jon Ossoff and several U.S. House districts.
Democrats could have a narrow path to winning the Senate, with these specific states on the table.
The latest campaign finance reports show Democratic enthusiasm in key House and Senate races, but national Republican groups have far more in the bank to potentially spend down the road.
Democratic candidates are outraising Republicans in key Senate and House contests despite the party facing record low approval ratings. Democratic Senate candidates lead fundraising in seven Republican-held seats including Maine, North Carolina, Ohio, and Texas. However, Republican national party committees and allied super PACs maintain roughly double the cash on hand compared to Democrats, with nearly $850 million available including Trump's MAGA Inc. Nearly 70 lawmakers have announced retirement or plans to run for different office.
