Lummis states that the CLARITY Act aims to help the United States regain its advantage in digital asset infrastructure
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US Senator Lummis stated that the CLARITY Act aims to help the United States regain its advantage in the field of digital asset infrastructure. （Cointelegraph）
[Federal Reserve Takes Enforcement Action Against Bank of Eufaula and S N B Bancshares, Inc. Executive Jason Burns]
The Federal Reserve has issued a consent cease-and-desist order against Jason Burns, President and Director of Bank of Eufaula and Director of S N B Bancshares, Inc., accusing him of engaging in unsafe lending practices.
[Federal Reserve Terminates Enforcement Action Against Jiko Group, Inc.]
On June 23, 2026, the Federal Reserve terminated the cease-and-desist order issued on July 16, 2024, against Jiko Group, Inc., located in San Francisco, California, USA.
Jiang Zhuo'er stated that Strategy's preferred stock STRC fell to $73, reflecting market panic. Strategy's issuance of common stock when mNAV is less than 1 is considered high cost financing. In the past three weeks, Strategy has increased its financing by purchasing 1500 BTC in the first two weeks, and the amount of BTC purchased in the third week has decreased to 520 BTC, with most of the funds used to pay STRC interest. The short-term strategy of Strategy is shifting towards prioritizing the protection of STRC interest payments, and the pace of BTC holdings may slow down or stop in the coming months. STRC has no mandatory liquidation mechanism, Strategy's debt ratio is about 10%, and the probability of a mine explosion is relatively low.
Arkham analysis points out that Strategy's preferred stock STRC is priced at approximately $76.2, a discount of about 25% from its face value of $100. STRC is a perpetual preferred stock with an annualized dividend of approximately 11.5%, issuing approximately 104.89 million shares. The annual dividend cost is approximately $1.2 billion, and Strategy holds approximately $1.4 billion in reserve funds on its books. There is no structural risk of forced liquidation for Strategy and Michael Saylor, and the STRC price reflects the market's expectation of dividend sustainability. STRC dividend payment is not a mandatory obligation, and the company may choose not to maintain dividends. Arkham stated that this mechanism does not threaten the survival of Strategy, but if high dividends rely on continuous financing, it may affect the attractiveness of MicroStrategy's common stock $MSTR for new funding.
