Daily Market Wrap: August 6th

Crypto markets saw a flurry of activity on Thursday as news broke about regulatory developments and market trends. President Trump’s White House executive order targeting crypto discrimination in banking raised questions for institutions like JPMorgan and Bank of America. Meanwhile, gold prices climbed as weaker economic data boosted the likelihood of Fed rate cuts. The SEC clarified that liquid staking doesn’t violate securities laws, further clarity on regulations in this space.