Trump Provides No Clear Response on Crypto Divestment as Bills Progress

At a recent White House press briefing, US President Donald Trump sidestepped a question about whether he would step away from his family's cryptocurrency ventures to help secure the passage of important crypto legislation. When asked about Democratic opposition linked to his crypto interests, Trump reaffirmed his support for the industry, noting that if the US did not lead, countries like China would likely dominate the crypto market, according to Cointelegraph.

Lawmakers' growing concern about potential conflicts of interest regarding Trump's cryptocurrency links jeopardizes bipartisan progress on comprehensive cryptocurrency laws, which have been attracting attention since 2024.

Congressman Adam Schiff responded by introducing the COIN Act, which emphasized the need to remove personal financial influence on policy decisions and addressed what he called corruption connected to Trump and other high-ranking officials' cryptocurrency holdings.

Bitvavo Receives Regulatory Approval Under MiCA to Expand Across Europe

Dutch crypto exchange Bitvavo has obtained a Markets in Crypto-Assets (MiCA) license from the Netherlands' financial regulator, enabling it to offer services throughout the European Union under the updated regulatory structure. This license provides Bitvavo with clear guidance and confidence to expand its services throughout the European Union. MiCA seeks to align cryptocurrency legislation across Europe, with an emphasis on investor safety, financial stability, and innovation. The licensing window began on January 1, 2025.

Bitvavo completed a thorough but smooth licensing process, meeting all MiCA regulatory standards in coordination with the Dutch Authority for Financial Markets (AFM).

This license places Bitvavo among several other crypto exchanges, such as Kraken in Ireland and Coinbase in Luxembourg, that have recently secured MiCA authorization across Europe. According to Cointelegraph, trading volumes from EU customers surged 70 per cent in the first quarter of 2025 following the implementation of MiCA regulations.

The MiCA framework is seen as a key step toward creating a safer and more transparent crypto market in Europe, encouraging innovation while protecting investors. Bitvavo's approval signals increased regulatory clarity and confidence for crypto businesses operating within the EU.

ZackXBT Highlights $1M Crypto Theft by Fake IT Insiders in NFT Space

Cybersecurity expert ZackXBT claims that throughout the past week, hackers posing as IT specialists have stolen around $1 million in cryptocurrencies from many Web3 projects. The victims included Favrr, a Web3 fan-token marketplace, as well as NFT projects Replicandy and ChainSaw. The attackers exploited the NFT minting operations, creating enormous amounts of NFTs and selling them, causing price floors to plummet and allowing the hackers to profit.

The stolen funds were then moved through various wallets and exchanges. While most of the assets taken from ChainSaw remain inactive, the funds from Favrr were transferred to nested services. These incidents highlight the persistent threat of insider attacks in the crypto space which causes financial losses and hampering development efforts.

Coinbase disclosed a data breach and extortion attempt in May 2025 in a different incident. In order to attempt ransom demands on the exchange, contractors were bought off to steal client account information.