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