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cryptoJul 3, 2026, 4:59 PM

JPMorgan Slams Strategy’s Bitcoin Sale; Warren Targets Trump Crypto Income

JPMorgan criticized Strategy for selling bitcoin, while Senator Warren proposed blocking crypto income for the Trump family. Bitcoin and Ethereum held steady amid a drop in AI chip stocks.

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JPMorgan criticizes Strategy’s bitcoin sale JPMorgan has publicly criticized Strategy’s decision to sell part of its bitcoin holdings, urging the company to reconsider the move. The bank’s comments come as Strategy faces scrutiny over its large bitcoin treasury.

Senator Warren moves against Trump family crypto Senator Elizabeth Warren has introduced a proposal to cut off cryptocurrency income streams to the Trump family, citing conflict-of-interest concerns. The proposal would bar federal officials from earning crypto rewards.

Market holds amid AI stock decline Bitcoin and Ethereum remained stable on Monday, even as shares of major AI chip manufacturers fell sharply. Analysts attribute the resilience to continued institutional interest in digital assets.

Other highlights

  • The owner of a long-dormant bitcoin address challenged a $234 billion lawsuit.
  • The IMF reiterated warnings about tokenization risks.
  • Irish authorities reportedly uncovered an additional 500 BTC linked to the Clifton Collins case.
  • Zcash developers are considering delaying the Ironwood upgrade.

Source: ForkLog