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Reserve Bank Of India Governor: There Are Currently No Plans To Take Any Measures To Restrict Capital Outflows
France's Annual Industrial Output Growth In April Was 1.2%, Below The Forecast Of 1.8% And Up From The Previous Reading Of 0.90%
France's Annual Manufacturing Output Growth Rose To 2.5% In April, Up From The Previous Reading Of 1.60%
France's April Exports Totaled €54.585 Billion, While The Previous Figure Was Revised Upward From €52.459 Billion To €52.933 Billion
France's April Industrial Output Rose 0.1% Month-on-month, Versus An Expected Decline Of 0.2% And A Previous Reading Of 1.00%
France's Imports In April Amounted To EUR 60.225 Billion, Compared To EUR 59.323 Billion Previously
Reserve Bank Of India Governor: There Are Currently No Proposals Being Considered Regarding The Monetization Of Gold
Reserve Bank Of India Governor: Inflation Target Needs To Be Achieved Over A Period Of Time, And It Is Not Advisable To Take Action On Every Deviation
Reserve Bank Of India Governor: Funding Inflows From External Commercial Borrowing And Other Measures Are Expected To Remain Healthy
Reserve Bank Of India Governor: Cash Reserve Ratio And Statutory Liquidity Ratio Requirements For Foreign Currency Non-resident Time Deposits Will Be Waived
Palm Oil Futures Contract 2609 Hit A New Intraday Low, With The Decline Widening To 3.32%, And Was Last Quoted At 9379 Yuan/ton; The Trading Volume Was Approximately 62.806 Billion Yuan, With An Increase Of 16,100 Lots In Open Interest During The Day, Indicating A Significant Change In Open Interest
Shanghai Silver Futures Contract 2608 Weakened During The Session, With The Decline Widening To 3.41%, And Last Quoted At 17,236 Yuan/kg; The Turnover Was Approximately 167.986 Billion Yuan, With An Increase Of Nearly 9,600 Lots In Open Interest During The Day, And The Market Volatility Increased
[Bitcoin Falls Below $62,000] June 5th, According To HTX Market Data, Bitcoin Fell Below $62,000, With A 24-hour Decline Of 3.73%

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Coinbase CEO Brian Armstrong says he’s optimistic that US senators are moving closer to advancing key cryptocurrency market structure legislation by Thanksgiving, suggesting that there’s now far more agreement on both sides of the aisle than there are differences.
“Even though the government is shut down, the Senate is working hard on getting market structure legislation passed for crypto,” Armstrong said in a video posted on X.
According to Armstrong, roughly 90% of the legislative framework has already been agreed upon, with the remaining 10% focused on issues like decentralized finance (DeFi). He added that policymakers are looking for ways to protect innovation while ensuring that “centralized intermediaries, like Coinbase, should be regulated — not the protocols.”
Armstrong also underscored the importance of “preserving stablecoin rewards” in the wake of the GENIUS Act, passed earlier this year, which set federal standards for stablecoin reserves, transparency and consumer protections.
“The big banks are coming for their cash grab, trying to block that,” he said. “We’re not going to let them re-litigate that.”
Banking lobby pushback on the GENIUS Act
Armstrong’s criticism of the banking industry comes as many lobbyists oppose the GENIUS stablecoin act, particularly over what they view as a loophole allowing interest payments.
While the GENIUS Act explicitly prohibits stablecoin issuers from offering interest or yield, that restriction does not apply to exchanges, according to the Bank Policy Institute (BPI).
By excluding crypto exchanges like Coinbase, “the requirements in the GENIUS Act can be easily evaded and undermined by allowing payment of interest indirectly to holders of stablecoins,” the BPI said. 
As Cointelegraph reported, banking lobbies have grown increasingly concerned that stablecoins could threaten their business model — one that currently offers depositors minimal interest. Industry insider and New York University professor Austin Campbell noted that bankers are “panicking” over the prospect of stablecoin holders earning yields.
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