In a strategic bid to salvage stalled legislation and placate a skeptical banking sector, the cryptocurrency industry is proposing significant concessions centered on stablecoins. The core proposal involves requiring stablecoin issuers to hold a portion of their reserves at community banks, aiming to preserve a market structure bill that could reshape the financial landscape. However, deep divisions remain over key issues like customer rewards and the potential for massive deposit outflows from traditional banks, casting uncertainty over whether these overtures will be enough to secure a legislative breakthrough.
about Crypto Firms Offer Banks Stablecoin Reserve Sharing to Save Market BillSenate Banking Committee
0 in Finance and 2 in Crypto last weekTreasury Secretary Slams Crypto Firms Opposing Senate Bill
U.S. Treasury Secretary Scott Bessent has launched a scathing critique against cryptocurrency firms opposing the Senate’s landmark market structure legislation, labeling their stance as “nihilistic” and “delusional.” His testimony before the Senate Banking Committee underscores a critical impasse in negotiations, primarily over provisions governing stablecoin yields. The conflict pits crypto giants like Coinbase against traditional banking interests, with the stability of the U.S. financial system hanging in the balance as America struggles to enact its first comprehensive crypto regulatory framework.
about Treasury Secretary Slams Crypto Firms Opposing Senate BillCoinbase Stock Dives as Exchange Expands Metals Futures Trading
Coinbase shares fell to their lowest level since May 2023 on Tuesday, dropping 1.24% intraday to $208, despite the crypto exchange launching copper and platinum futures trading in a bid to diversify beyond volatile digital assets. The stock’s decline—down over 10% year-to-date and 46% from its July all-time high—reflects broader uncertainty in crypto markets and investor rotation away from high-beta risk assets, compounded by significant regulatory headwinds.
about Coinbase Stock Dives as Exchange Expands Metals Futures TradingCrypto Bill Delayed as Senate Shifts Focus to Housing Legislation
The U.S. Senate Banking Committee has postponed consideration of the crypto market structure bill, known as the CLARITY Act, for several weeks to months. The delay comes as lawmakers shift focus to housing affordability legislation aligned with President Trump’s agenda, marking another significant setback for efforts to establish clear regulatory boundaries for digital assets and resolve the long-standing jurisdictional conflict between the SEC and CFTC.
about Crypto Bill Delayed as Senate Shifts Focus to Housing LegislationTrump Backs Crypto Bill, Clashes with Coinbase Over Stablecoin Limits
Former President Donald Trump has thrown his political weight behind landmark cryptocurrency legislation, declaring his intention to sign the market structure bill “very soon.” This endorsement comes amid a high-stakes clash between the White House and major crypto exchange Coinbase, which withdrew its crucial support for the bill last week over provisions limiting stablecoin yield. The conflict exposes a deep fracture within the pro-crypto coalition and threatens to derail a legislative effort that had been gaining momentum.
about Trump Backs Crypto Bill, Clashes with Coinbase Over Stablecoin LimitsWhite House Advisor Warns Crypto: Compromise Now or Face Harsher Rules
A stark political warning from the Trump administration’s top digital assets advisor has intensified the debate over America’s crypto regulatory future. Patrick Witt, head of the President’s Council of Advisors for Digital Assets, has publicly challenged the cryptocurrency industry—and Coinbase CEO Brian Armstrong directly—to accept compromise legislation now or risk facing far more restrictive regulations crafted by Democrats later. The confrontation centers on the stalled CLARITY Act and exposes a fundamental strategic rift within the crypto lobbying community as a rare political window for rulemaking begins to close.
about White House Advisor Warns Crypto: Compromise Now or Face Harsher RulesWhite House Threatens to Withdraw Support for Crypto Bill Over Coinbase Dispute
The Trump administration is reportedly on the verge of withdrawing its crucial support for the landmark cryptocurrency market structure bill, following a dramatic breakdown in negotiations with Coinbase. According to journalist Eleanor Terrett, the White House is “furious” with the exchange’s unilateral exit, which it labeled a “rug pull” against both the administration and the broader industry. The core conflict centers on bank-driven amendments that would severely restrict users’ ability to earn yields on stablecoins, a flashpoint that has exposed deep fissures within the crypto regulatory landscape.
about White House Threatens to Withdraw Support for Crypto Bill Over Coinbase DisputeCoinbase Derails Senate Crypto Bill Vote Over Stablecoin Yield Fight
Coinbase’s last-minute withdrawal of support forced the Senate Banking Committee to delay a crucial vote on landmark crypto market structure legislation, exposing deep fractures within the crypto industry over stablecoin yield restrictions backed by traditional banks. The abrupt move by CEO Brian Armstrong, declaring “no bill” better than “a bad bill” less than 24 hours before the scheduled markup, has left the legislation’s path forward—and its chances of passage—in serious doubt, splintering a once-unified industry coalition.
about Coinbase Derails Senate Crypto Bill Vote Over Stablecoin Yield FightCLARITY Act Draft Sparks Crypto Privacy and Developer Concerns
The newly released draft of the CLARITY Act, a landmark legislative effort to regulate the cryptocurrency market, has ignited significant backlash from within the crypto community. Intended to provide a regulatory framework, the draft is now criticized for potentially failing to protect software developers and for introducing enhanced surveillance measures for users of non-custodial wallets. Expert analysis suggests the legislation may prioritize banking interests and create dangerous accountability loopholes, raising alarms about the future of privacy and innovation in decentralized finance.
about CLARITY Act Draft Sparks Crypto Privacy and Developer ConcernsUS Senate Delays Crypto Bill Markup Amid Industry Pushback
The U.S. Senate Banking Committee has postponed a critical markup of digital asset market structure legislation, revealing significant fractures between policymakers and the cryptocurrency industry. The delay, announced by Chairman Tim Scott, follows the withdrawal of support from major player Coinbase, which objects to provisions banning stablecoin yields and expanding surveillance. As bipartisan negotiations continue, the setback underscores the profound challenge of crafting crypto regulation that protects consumers without crippling innovation in the United States.
about US Senate Delays Crypto Bill Markup Amid Industry PushbackCoinbase Withdraws Support for Senate Crypto Bill Before Vote
In a dramatic last-minute reversal, Coinbase has withdrawn its crucial support for the U.S. Senate’s landmark crypto market structure bill, throwing its passage into jeopardy just hours before a pivotal committee vote. CEO Brian Armstrong declared the legislation “worse than the status quo,” a stark condemnation that crystallizes a high-stakes battle between the crypto industry and the traditional banking lobby over the future of stablecoin regulation and financial innovation.
about Coinbase Withdraws Support for Senate Crypto Bill Before VoteBitcoin ETFs Hit $753M Inflows as Price Nears $95K
U.S. spot Bitcoin exchange-traded funds (ETFs) have recorded their strongest single-day inflow in three months, adding $753.7 million as Bitcoin surged toward $95,000. Analysts attribute this resurgence to institutional rebalancing and a growing recognition of ETFs as a structural, regulated demand channel for digital assets. While first-quarter flows may face volatility from high interest rates, a long-term bullish case is emerging where ETF demand could fundamentally outpace new Bitcoin supply, reshaping the market’s foundation.
about Bitcoin ETFs Hit $753M Inflows as Price Nears $95K