Trump and the future of CFTC and crypto, investing in trash could pay off, Fed rate cut outlook

Market Overview & Regulation - The report highlights the latest financial news as of June 12, 2025 [1] - CFTC Acting Chairman Caroline Pham discussed digital asset regulation under the Trump administration, investor protection from fraud, and the legitimacy of prediction markets at Coinbase's State of Crypto Summit [1] Company Specific Insights - WM CFO Davina Rankin believes trash is a resilient growth business [1] Economic Outlook - Former Cleveland Fed President Loretta Mester discussed the outlook for Fed rate cuts [1] - Uncertainty regarding tariffs in the second half of the year may cause the Fed to hold rates despite positive economic data [1]