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The sweeping U.S. Senate effort to establish a comprehensive legal framework for cryptocurrency trading and oversight is likely to be pushed back for weeks or even months, after key legislative momentum stalled this week in the wake of major industry backlash.
The Senate Banking Committee indefinitely postponed work on its long-anticipated market structure bill — widely seen as the centerpiece of U.S. crypto regulation — after Coinbase, one of the industry’s largest exchanges, publicly withdrew its support for the measure.
The withdrawal came at a crucial moment before a scheduled markup hearing, where lawmakers would have debated amendments and potentially advanced the…
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Eric Trump predicted an “unbelievable” Q4 for crypto back in September 2025, but Bitcoin (CRYPTO: BTC) is down around 20% from Trump’s prediction.
Yet, the now-delayed crypto market structure bill could deliver a much-needed catalyst for the crypto sector to kickstart a new uptrend.
Trump’s Wrong Prediction
Eric Trump made his bullish call in late September 2025, projecting Q4 would deliver major gains for crypto based on two catalysts: rising M2 money supply and the Federal Reserve returning to quantitative easing.
He also pointed to Q4’s historical strength for crypto markets as reason for optimism.
The reality looked different. Bitcoin fell from roughly $113,400 on September 30…
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The Senate Banking Committee pushed back its crypto market structure bill until late February or March after Coinbase Global Inc. (NASDAQ:COIN) withdrew support, with lawmakers now prioritizing housing legislation instead.
Housing Beats Crypto On The Priority List
The Senate Banking Committee is shifting focus to housing legislation, following President Donald Trump’s executive order directing his administration to prevent large institutional investors from purchasing single-family homes.
Housing is most Americans’ largest monthly expense and a key contributor to inflation.
With congressional elections approaching this year, Republicans see affordability as a political liability after…
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Bitcoin failed to reclaim the $90,000 level even after President Trump paused proposed tariffs as heavy institutional outflows continued to weigh on the market.
Bitcoin ETFs saw $708.7 million in net outflows on Thursday, while Ethereum ETFs reported $287 million in net outflows.
Trader Commentary
Trader CryptosBatman said Bitcoin has broken below its bullish trendline and is attempting a minor retest. He noted that the breakdown shifts the bias to bearish unless the trendline is decisively reclaimed.
Chart analyst Ali Martinez highlighted key technical levels across major assets:
Bitcoin: $85,180, the 730-day simple moving average, which has historically marked major market turning… Read more on Benzinga
David Sacks, the Trump administration’s AI and crypto czar, has predicted that banks will become fully involved in the crypto industry, paving the way for a unified digital assets sector.
The prediction comes as legislation on crypto market structures stalls over whether third-party platforms can offer rewards programs to stablecoin users. Banks argue such programs bypass yield restrictions, while crypto firms defend them as essential revenue features for decentralized finance.
Compromise Needed For Legislative Progress
In an interview with CNBC’s Squawk Box, Sacks discussed the ongoing debate over stablecoin regulation in the U.S.
“The banks are going to get fully into the crypto…
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BitGo Holdings Inc. is set for its Wall Street debut on Thursday, becoming the first cryptocurrency company to IPO this year.
Details Of The IPO
The cryptocurrency custodian firm will list shares on the NYSE under the ticker symbol “BTGO.”
BitGo will offer 11,026,365 shares of Class A common stock, while its existing shareholders will offer 795,230 shares of Class A common stock, at $18 per share. The company stands to raise $198.47 from the offering
On the completion of the offering, BitGo will have 115,559,776 shares outstanding, including 8,855,382 shares of Class B common stock, valuing the company at $2.08 billion.
Unpacking BitGo’s Trajectory
Founded in 2013 by former Google…
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Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz said Wednesday that the cryptocurrency industry will have to eventually compromise on the controversial stablecoin rewards clause in the market structure bill.
Will Crypto Lobby Lose Against Banking Lobby?
In a discussion with SkyBridge Capital founder Anthony Scaramucci, Novogratz said the industry is “going to lose that battle” against what he described as a “very strong” banking lobby.
“There’ll be a compromise. The compromise is that the stablecoin companies will be able to give some reward points out for usage, but not balances,” he predicted.
Democrats Are Committed, Says Novogratz
Novogratz said that the bill,…
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Asset management firm F/m Investments sought SEC approval on Wednesday to tokenize shares of its flagship U.S. Treasury Bill exchange-traded fund.
Regulated Pathway For Treasury Bill ETFs
F/m Investments applied with the regulator to record ownership of tokenized shares of the US Treasury 3 Month Bill ETF (NASDAQ:TBIL) on a “permissioned” blockchain.
If the SEC approves the request, TBIL’s existing ETF shares would be represented on a blockchain under the same Committee on Uniform Securities Identification Procedures code. This would grant the same rights, fees, voting rights, and economic terms as current TBIL shares.
The firm stated that its approach ensures tokenized…
Read more on Benzinga