Here’s a quick recap of the crypto landscape for Friday (June 19) as of 10:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin (BTC) was priced at US$62,348.91, down by 2.4 percent over the past 24 hours.
Chart via TradingView
Bitcoin price performance, June 19, 2026.
Ether (ETH) was priced at US$1,687.97, trading 3 percent lower over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.12, trading 4 percent lower in 24 hours.
- Solana (SOL) was trading at US$68.28, trading 4.2 percent lower over the past 24 hours.
Today’s crypto news to know
Federal regulators propose verification rules for stablecoin issuers
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), alongside major federal banking regulators, has issued a joint proposed rule requiring permitted payment stablecoin issuers to maintain formal customer identification programs.
Under the newly unveiled guidelines, stablecoin issuers will be officially classified as financial institutions under the Bank Secrecy Act, legally binding them to rigorous anti-money laundering and identity verification procedures.
The compliance framework mandates that companies collect specific customer data before any account can be opened, including legal names, addresses, identification numbers, and dates of birth or corporate formation.
Furthermore, issuers must establish written, risk-based protocols to verify client identities within a reasonable timeframe, utilizing both documentary and non-documentary verification methods.
For institutional accounts, the proposed rule dictates that stablecoin platforms must unmask and verify the identities of any specific individuals wielding authority or control over the funds.
The regulation also outlines strict guidelines for unverified customers, explicitly dictating when an account must be denied or closed and outlining thresholds for filing mandatory Suspicious Activity Reports.
The new regulatory push, which is now entering a 60-day public comment period, complements a separate FinCEN proposal that targets wider anti-money laundering obligations.
Ethereum exodus continues with co-Director departure
The leadership shakeup within the Ethereum Foundation has intensified as co-director Hsiao-Wei Wang announced her immediate departure from the prominent digital asset organization.
Wang’s sudden resignation follows a temporary sabbatical and comes closely on the heels of fellow co-director Tomasz Stańczak’s high-profile exit in February.
Facing a vacant leadership slot, interim co-director Bastian Aue will continue managing the internal transition, though the string of departures has fueled broader industry skepticism regarding the foundation’s structural stability.
Internal friction within the organization has been building for months. Researcher Dankrad Feist has previously made public suggestions that a brand-new entity backed by $1 billion in ETH funding is required to effectively “save Ethereum.”
Amid criticism regarding its proprietary token liquidations, the foundation recently implemented a transparent treasury protocol to stake roughly 70,000 ETH to capture acceptable yields.
Ethereum’s native token slid another 1.4 pecent to trade at $1,708, marking a 66 percent decline from its historic August 2025 peak of US$4,946.
CME Group sues CFTC
Exchange heavyweight CME Group (NASDAQ:CME) has filed a lawsuit against the Commodity Futures Trading Commission (CFTC) after federal regulators authorized prediction market Kalshi to offer crypto-style perpetual futures.
The complaint targets the CFTC’s decision to categorize Kalshi’s perpetual contracts as traditional futures rather than swaps. CME contends that this administrative classification allows the highly leveraged derivatives to bypass stricter federal rules and enter domestic markets under a significantly lighter regulatory oversight regime.
According to the lawsuit, the CFTC’s approval directly weakens critical risk-management safeguards established after the 2008 financial crisis under the landmark Dodd-Frank Act.
Perpetual futures, which allow retail traders to maintain speculative market positions indefinitely without a fixed expiration date, have historically served as the cornerstone of unregulated offshore crypto platforms.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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