The Senate Agriculture Committee is scheduled to hold a hearing next Tuesday, June 10, on Brian Quintenz’s nomination to serve as CFTC chair. The hearing comes as the CFTC is facing a mass exodus of top officials, as all four of its commissioners have left or announced plans to leave. Senate Agriculture Committee Chair John Boozman (R-AR) said in an interview with Politico that he aims to "get [Quintenz] out of committee as quickly as possible."

The Senate Appropriations Committee Financial Services and General Government Subcommittee held a hearing to receive testimony from SEC Chair Paul Atkins on the agency’s FY 2026 budget request. Chair Bill Hagerty (R-TN), Ranking Member Jack Reed (D-RI), and Sen. Chris Coons (D-DE) asked about the agency’s plans to regulate digital assets, while Chair Atkins indicated that the SEC is working toward proposing regulations for the industry and that a key aspect of the Crypto Task Force’s work could be complete within a matter of months.

House Financial Services Committee Ranking Member Maxine Waters (D-CA) sent a letter to SEC Chair Paul Atkins, requesting a full technical and impact analysis of the CLARITY Act (H.R. 3633), which would reshape how digital assets are regulated in the US. Waters argued that "the apolitical technical feedback that agencies provide to Congress is a critical and necessary resource for informed legislating." The letter comes as House Democratic staffers have raised concerns that the SEC has denied them information about the potential impact of the bill, while providing this analysis to Republicans.

During a news conference, House Minority Leader Hakeem Jeffries (D-NY) called for finding a bipartisan path forward on crypto in order to “best serve the American people and also best serve an appropriately regulated industry that allows for innovation but also has guardrails to protect the American consumer.” Jeffries also noted that Democrats are committed to addressing the "real time corruption" surrounding President Trump's ties to the crypto industry and his family's digital asset ventures.

Sen. Cynthia Lummis (R-WY) said in an interview that senators expect to introduce crypto market structure legislation this month, adding that the proposal will “look very much like the House bill” introduced last week. She stated that lawmakers want the market structure bill to be "bipartisan and bicameral," noting that senators will likely tweak the House version and run it by Sen. Kirsten Gillibrand (D-NY) to see if it can be introduced on a bipartisan basis in the upper chamber.

The UK Financial Conduct Authority (FCA) published the final version of its updated Enforcement Guide, including increased transparency for investigations into suspected unauthorized financial services, public investigations, and anonymized announcements. The changes will only apply to investigations launched on or after June 3. The FCA also stated that it plans to continue to improve the pace and focus of its investigations.

US District Judge Jennifer Rochon ordered the freeze of more than $57 million in proceeds from crypto project Libra, as a proposed class is alleging operators misled them into buying up the token with the help of an endorsement from Argentine President Javier Milei before it tanked. The temporary restraining order and preliminary injunction directs stablecoin issuer Circle to freeze more than $57.6 million of its dollar-pegged token USDC held in two wallets believed to be associated with the Libra project. Judge Rochon argued that freezing the assets is in the public interest since the litigation could lead to an award for the buyers, and any damage to the defendants is minimal since they will have the opportunity to challenge the order.

The Justice Department filed a brief urging the Supreme Court not to take up the case of a BTC investor who claimed the IRS violated his privacy when it seized his records from crypto exchange Coinbase, saying the case is a poor vehicle for addressing concerns about digital-era transactions. Investor James Harper first filed suit in 2020, challenging the IRS's seizure of his Coinbase account records through a John Doe summons that was part of the agency's enforcement efforts. He asked the court to force the IRS to delete his records.

The CFTC announced that Paul Hayeck will serve as Acting Director of the Division of Enforcement. Hayeck has served at the CFTC for 25 years and has been a deputy director in the Enforcement Division since 2013. Prior to joining the agency, Hayeck was a partner at a law firm where he focused on commercial litigation. He also previously worked as litigation counsel for the FDIC.