In today's crypto news, Bitcoin's recent rally has prompted reactions from various market participants, including Peter Schiff, who advocates for selling Bitcoin in favor of investing in silver, claiming it has greater upside potential. Bitcoin has reached new highs, raising concerns over liquidity as the U.S. Treasury replenishes its General Account through new debt issuance, with Arthur Hayes expressing a slightly bearish outlook despite a bullish long-term perspective. Meanwhile, a report from VanEck indicates that U.S. Bitcoin mining executives are earning significantly more than their counterparts in the IT and energy sectors due to substantial stock compensation packages, leading to shareholder dissatisfaction regarding executive pay. Lawmakers in the U.S. House of Representatives will also be focusing on crypto tax policies as part of a broader effort to advance several crypto-related bills, with a hearing set for July 16 to discuss a tax policy framework for digital assets. Recent testimonies from industry leaders at a Senate Banking Committee hearing emphasize the push for regulatory clarity in the crypto space.

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