Crypto-policy vacuum, stablecoin scrutiny and market access

The White House Crypto Council reportedly has no known staffer as the CLARITY Act stalls, leaving SEC/CFTC coordination and Strategic Bitcoin Reserve implementation uncertain. SEC and CFTC crypto rules have drawn market interest but may face challenges over agency authority and the lack of explicit congressional backing; no major challenge has materialized. Reports of Tether-linked payments to Bo Hines could intensify ethics scrutiny.