In today's crypto news, US Senate lawmakers are set to vote on an amended stablecoin bill next week. This vote, scheduled for June 17, will include proposed amendments aimed at preventing elected officials from benefiting from cryptocurrency industry connections. Concurrently, house lawmakers are working on defining the roles of the SEC and CFTC in cryptocurrency oversight. Additionally, Anthony Pompliano is reportedly leading a new Bitcoin-focused investment group, ProCapBTC, aiming to raise $750 million. The group is planning to merge with Columbus Circle Capital 1, with the announcement expected next week. Meanwhile, Bitcoin prices have dropped significantly following airstrikes by Israel on Iran. Bitcoin fell approximately 2.8% down to $103,053 before a slight recovery, impacting traders with about $427.84 million in long positions liquidated. While Bitcoin saw highs near $110,265 recently, its volatility highlighted potential market reactions to geopolitical tensions, as noted by Pompliano, who recalls historical price reactions in similar situations.

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