The seven reasons Bitcoin's price is tanked, updates on the Samurai Indictment, and why the godmother of Modern Monetary Theory thinks it's childish for governments to be held to budgets.

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LINKS:

JPY/USD: Japanese Yen’s Slide and Dramatic Rebound Are Just the Start - Bloomberg
Japan is wrong to try to prop up the yen
Bitcoin (BTC) Trades At Slight Premium in Yen (JPY) Terms Amid Suspected BOJ Intervention
Yen Drops to 155 against USD. Currency Collapse at Work, -32% against USD since 2021, -50% since 2012 | Wolf Street
DOJ says Roman Storm did much more than just write code in response to defense’s dismissal motion | The Block
Microsoft Word - Tornado Cash Govt Opp to Motions vF.docx
Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond
Alert on Cryptocurrency Money Services Businesses
Warren and Cassidy Send Bipartisan Letter to DOJ and DHS to Stop Crypto in the Illegal Trade of Child Sexual Abuse Material | U.S. Senator Elizabeth Warren of Massachusetts
Fed rate decision May 2024: Fed holds rate steady
Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
Trampoline payments

Final Clip of the Week

Author Stehpanie Kelton goes on the Daily Show to make case for MMT and why governments shouldn’t have the same financial constraints of “businesses and households”

Music

Self Destruct by The Trusted

09: The 7 Reasons Bitcoin Tanked

This Week in Bitcoin