Crypto lobbying controversy grows with 160 signatories linked to major firms

The article covers two crypto-related developments with market implications: a lobbying controversy over a Blockchain Association letter to US senators—signed by 160 former national security and law‑enforcement officials, many now working at crypto firms such as Coinbase—and a sharp Bitcoin correction. The lobbying debate raises questions about perceived industry influence on regulation and could affect the pace and credibility of US regulatory clarity. Separately, Bitcoin (BTCUSD) has fallen to about $66,767 (−1.87% 24h, −10.85% weekly), with analysts highlighting key technical supports at $38k–$43k (notably $42k) and $25k–$30k, and a pivotal near‑term zone at $66k–$67k. Commentators also flagged potential capital rotation into AI funding as an added short‑term headwind for BTC liquidity.