News Block: JPMorgan's Dimon Rips Coinbase CEO, U.S. Seizes $1B in Iranian Crypto, Who's Buying and Who's Selling

— The Clarity Act continues advancing through Congress with bipartisan Senate Banking Committee support (15–9 vote), but faces sustained opposition from major banks led by JPMorgan Chase CEO Jamie Dimon, who pledged to "fight" the legislation.

— Jamie Dimon and other large bank CEOs have publicly rejected engagement with Coinbase and the crypto industry; President Trump and SEC Chair Paul Atkins countered by backing the Clarity Act and positioning crypto as central to US economic leadership.

— The US seized approximately $1 billion in cryptocurrency tied to Iran, but this consisted entirely of centralized stablecoins (primarily $344 million in frozen USDT by Tether), not Bitcoin; Iran responded by launching a Bitcoin-backed shipping insurance program, demonstrating preference for decentralized assets.

— Saquon Communications abandoned its Bitcoin treasury strategy, reducing holdings from 3,200 to 658 BTC to service debt; Strive announced acquisition of 1,109 BTC (16,500 total), becoming the seventh-largest corporate holder.

— Strive's preferred stock SEDA will begin paying daily cash dividends starting June 16th at an annualized rate of 13%, funded by Bitcoin holdings appreciation.

— Self-custody remains the core advantage: The Iran stablecoin seizure illustrates why holding your own private keys protects against government or issuer freezes—a distinction critical for long-term Bitcoin holders to understand and communicate.

— Corporate treasury strategies are evolving: Alongside traditional Bitcoin accumulation, new instruments like SEDA and Stretch are emerging as alternatives; reviewing how companies like Strive and Prevalon Energy use these products may inform personal allocation decisions.