CoinGape Media

The #CLARITY Act discussion intensified after Coinbase CEO Brian Armstrong denied reports that the White House threatened to drop support. He said the administration has remained constructive and engaged. 
Armstrong Denies Claim Regarding CLARITY Act
Armstrong wrote in an X post, addressing journalist Eleanor Terrett, that her assertion was not true. The crypto journalist had earlier stated that the White House was considering withdrawing its support for the crypto bill.   
The Coinbase CEO stated that the #White House has been “super constructive,” asked them to work out a deal with the banks, and that negotiations with the banks are ongoing. He also revealed that the top crypto exchange is working on policy ideas related to the bill. This includes proposals that will assist community banks.
Coinbase Chief Legal Officer Paul Grewal, however, replied in a much more reassuring tone on X post. He mentioned that the White House has been transparent and that Coinbase is optimistic about the engagement. He argues that retail protections are its top priority.
Arrington Blames Banks for Yield Limits
Michael Arrington posted his thoughts on the CLARITY Act in an X post, saying banks want to charge customers but pay no interest on customer deposits. He proposed that the banking industry is guarding its advantage, rather than supporting equitable returns for consumers.
Arrayington took it a step further, attacking lawmakers for allowing restrictions on stablecoin yields. Elected officials accede to such restrictions, he said, because banks exert a powerful lobbying force. He called the result damaging to Americans, saying that financial policy is weighted towards what banks want rather than what’s best for consumers.
The statement from #Arrington comes in the wake of Bank of America #CEO Brian Moynihan’s comments that yield-generating stablecoins could lure $6 trillion away from traditional bank deposits. That shift, Moynihan said, could put the squeeze on bank liquidity, cripple lending ability — particularly of smaller businesses and midsize companies — and drive borrowing costs up.
Armstrong responded directly to Arrington’s comments. “Exactly,” he wrote, indicating that he agreed with the argument that banking lobbies are driving the discussion of yield around crypto legislation.
Industry executives remain uncertain about the bill’s pace of movement. Nevertheless, Galaxy Digital CEO Mike Novogratz added that the CLARITY Act could pass in the next 2 weeks. He claimed that he is being optimistic because that is the tone of his recent interactions with senators.
It is worth noting that Novogratz had called for compromise on the crypto bill, stating that it doesn’t have to be perfect. He also suggested that they could revisit issues such as the stablecoin yield prohibition later on.

MSTR stock price continues to trade near the lower end of its broader structure after months of controlled decline. The #volatility has been limited due to the stabilization of the prices because the #balance is reflected but not a new selling pressure. 
Meanwhile, the recent institutional disclosures enter a new variable into the arrangement. Vanguard’s first-ever exposure to #Strategy and VanEck’s growing position now coincide with a technical structure showing early signs of transition.
Vanguard and VanEck Signal Confidence Shift 
Vanguard’s purchase of $505M marks its first direct exposure to Strategy, a notable shift given its historically cautious stance toward concentrated equity proxies. This entry was not done when the prices were expanding or strong. 
Rather, Vanguard came in when downside pressure was relieved and volatility narrowed. This activity is in line with accumulation during structural stabilization. Such a timing has an implication of having exposure to gain before resolution, instead of responding to upside confirmation.
In addition to Vanguard, VanEck still ramps exposure to Strategy, and has approximately 284,000 common shares, but still has preferred instruments to the Strategy, tied to the Strategy in terms of the balance sheet of Bitcoin weights. This stance is biased towards long-term stability and presence on the balance sheet as opposed to directional trades in the short term.
Together, these allocations tighten effective float and dampen reactive selling. With institutional capital exposure, the price movements are no longer based on the momentum but are stabilized through direct control. The dynamic supports the base forming beneath current levels, reinforcing structure while downside pressure remains contained as the setup matures.
MSTR Stock Price  Compression Hints at Reversal Setup 
MSTR stock price remains confined within a descending channel, yet recent candles consistently push toward its upper boundary. This behavior signals sellers losing urgency rather than buyers chasing upside. 
Compression of prices within the channel signifies equilibrium rather than feebleness. This usually leads to directional resolution as volatility narrows down.
The Adam leg was the November sell-off, which was pushed by active liquidation and rapid extension to the downside. However, that action did not help in maintaining momentum. The selling pressure became weak in December and the price began to stabilize instead of running lower, which is an indicator of exhaustion and not of the continuation of the trend.
Out of that bottom, #December through January had cut the rounded Eve structure, which was characterized by the increasing lows and decreasing ranges. This curvature indicates the build-up over the years than reactive bounces. Momentum in price supports absorption, and not speculation.
At the time of press, MSTR stock market value sits at $173.71, holding above the $149 base. If MSTR stock price holds above $200, price exits the basing zone and opens a move toward $300. In case price recovers and supports it at $300 then the descending channel will be broken and a way to $400 will be opened. If MSTR stock price loses $149, the basing structure breaks and downside control resumes.
MSTR Daily Chart (Source: TradingView)
To sum up, controlled upside is more favored by the balance of evidence, while structure is maintained. Price behavior is not subjugated by institutional positioning which helps to maintain stability. 
As long as MSTR stock price holds above the $149 base, upside resolution toward $200 remains active, with $400 emerging only after confirmation. A loss of $149 decisively would nullify the reversal structure and re-establish bearish control.

President #Donald Trump said Saturday that he will sue JPMorgan Chase within the next two weeks. He accused the bank of “debanking” him after the Jan. 6 Capitol riot. 
Trump Targets JPMorgan Over Debanking
#Trump made the allegation in a post on Truth Social. He said JPMorgan “incorrectly and inappropriately” debanking him. President Trump claimed the bank ended decades-long ties without fair notice. He presented the debanking dispute as central to his Operation Chokepoint 2.0 narrative.
Trump alleged that #JPMorgan incorrectly and inappropriately debanked him after the January 6 protest. He did not attach documents or additional evidence in his post, and the text provided includes no statement from JPMorgan.
Trump dismissed a Wall Street Journal report that he offered JPMorgan CEO Jamie Dimon the job of Federal Reserve chair. Such an offer was never made, he wrote.
President Trump also pointed to other allegations related to the Treasury job. He said that people were misinformed that he had offered Dimon the position of Treasury Secretary. Trump shot that down and had kind words for Treasury Secretary Scott Bessent.
Dimon Warns Fed Probe Could Shake Markets
The renewed clash comes as JPMorgan has cautioned about political interference in the central bank. Dimon has made the case that eroding Federal Reserve independence comes with market implications. He said it might lift inflation expectations and push up interest rates.
These warnings were even as Trump’s Justice Department launched a criminal investigation related to Federal Reserve Chair Jerome Powell. JPMorgan has turned into a leading critic of that probe.
However, CoinGape reported that Trump announced that a 10% tariff will be levied on commodities from Denmark, Norway, Sweden, France, Germany, UK, Netherlands and Finland effective February 1st. He threatened on Monday that the rate would increase to 25 percent on June 1.
This tariff push precedes a Supreme Court decision on Trump tariffs. That timing has put a spotlight on the legal limits of executive trade powers. It also increases uncertainty for markets and trading partners.

$XRP and #Ethereum prices continue to show resilience as the crypto market regains momentum. XRP traded slightly above $2.70, recording a modest 2% gain within the past 24 hours. Ethereum hovered near the $3,300 mark, maintaining its steady growth. 
The market had a 1% increase in total capitalization, which drove the total capitalization to about 3.24 trillion. Bitcoin also shot up, currently hovering above $95,000. Other top altcoins such as Solana ($SOL ), Dogecoin ($DOGE ), and Cardano (ADA) have gained. 
This is a recovery because the White House is thinking of withdrawing the much controversial Clarity Act bill.
White House Threatens to Withdraw Crypto Bill Support as Coinbase Pulls Backing
The White House has threatened to withdraw its sponsorship of the CLARITY Act, which is a major bill to regulate the crypto markets. 
This is against the background of #tension with key players in the industry, particularly Coinbase. The crypto exchange has actually pulled out its political backing, claiming that it does not agree with the way the bill is being formulated.
This sudden action has damaged the relationship between the crypto industry and the government. Journalist Eleanor Terrett reported that the withdrawal of the support of Coinbase may put the bill at a standstill.
This dispute as it continues to happen, leaves it ambiguous about the future crypto policies. The investors are keenly following the events and are gambling on the reaction of assets such as XRP and ETH to the growing confrontation between the regulators and the sector.
Ethereum Price Holds Near $3,300 as Market Eyes Breakout Above $3,400
Ethereum price hovered near the $3,300 level on Saturday, slightly below the weekly high of $3,370. 
The Ethereum has recorded approximately 7% growth over the last week, with a very positive momentum, even though the rest of the crypto market is performing slowly.
This has been the price action following the successful rollout of the Fusaka network upgrade that has served to sustain network strength. 
Nevertheless, ETH has been predominantly in consolidation in the previous sessions. A good close at the end of the day over $3,400, can lead to a rally to the range of $3,800-$4,000. 

On the negative side, Ethereum will hit the support zone of $3,000 once more before trying to recover, in case it goes lower than $3,200.
XRP Price Maintains Uptrend as Spot ETFs Record $1.11M Inflow
XRP price is trading near $2.07, showing steady momentum as it maintains a short-term uptrend. This trend has capped the recovery on the downside in the last week.
The token is clinging just above the very important support of $2.07 that is crucial in maintaining confidence in the market.
The XRP has gained a rather small 1% in the last 24 hours. January 16, also marked net inflows in spot XRP ETFs of 1.11 million, indicating the increasing investor interest. In case of increased bullish action, it is possible that the XRP will go up to the $3 mark shortly.

Nevertheless, in case bears reclaim their authority, it could drag the token to approximately $2, and thus the support level of $2.04 will be more relevant.
To sum up, XRP and Ethereum are very resilient despite the regulatory tensions. Inflows into ETFs and network improvements are indications of increased investor confidence. 
The breakout is still possible when the bullish trends prevail; however, the important support levels should be observed to prevent short-term bearish reversals.

U.S. President #Donald Trump has announced new tariffs on some European countries for their opposition to the U.S. plan to take over Greenland. This comes ahead of the Supreme Court’s ruling on whether the Trump tariffs are legal, which could come as soon as next week.
Trump Announces Tariffs On 8 European Countries
In a Truth Social post, the U.S. #president stated that they will change 10% tariff on any and all goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, starting February 1. He further declared that these tariffs will increase to 25% on June 1.
He also mentioned that this tariff will remain due and payable until they reach a deal for the complete and total purchase of Greenland. Interestingly, this development comes just ahead of a #Supreme Court ruling on the Trump tariffs. The court will determine whether the president has the authority to impose these tariffs under the 1977 International Emergency Economic Powers Act.
Explaining the rationale for these latest tariffs, Trump highlighted how these countries had moved into Greenland for “purposes unknown,” although likely to defend against the U.S. move to take over Greenland. He claimed that their move is a “very dangerous situation for the safety, security, and survival” of this planet.
“Therefore, it is imperative that, in order to protect Global Peace and Security, strong measures be taken so that this potentially perilous situation ends quickly, and without question,” the president said while announcing the latest tariffs. He added that the U.S. is open to negotiation with Denmark and any of these other countries.
The $BTC price remained largely unchanged following the announcement of these Trump tariffs. The flagship crypto is currently trading at around $95,200, down in the last 24 hours.

The U.S. Federal Reserve is set to make another round of Treasury bill purchases as it expands its balance sheet again. This has sparked optimism about a crypto market rally, as this move could inject more liquidity into the economy.
Federal Reserve To Buy $55 Billion Worth Of Treasury Bills
The New York #Fed will begin buying Treasury bills next week, January 20, and will purchase up to $55 billion in these treasuries between then and February 10. This move comes as part of the Fed’s plans to expand its balance sheet through reserve management purchases.
Source: New York Fed
As #CoinGape reported, the Federal Reserve ended quantitative tightening (QT) at the December FOMC meeting and committed to purchasing treasury bills. The Fed notably just completed $40 billion in reserve management purchases, which it began in December after the meeting.
The upcoming $55 billion in treasury bill purchases has sparked optimism about a potential crypto market rally. The purchases come at a time when the market is seeing renewed bullish momentum, with Bitcoin reaching a new yearly high above $97,000 earlier this week.
Crypto commentator Crypto Rover noted in an X post that the U.S. #Federal Reserve’s move is bullish for the market in the long term. This could lead to higher crypto prices as dollar liquidity increases, as BitMEX co-founder Arthur Hayes has predicted.
Meanwhile, it is worth noting that the Fed’s purchases of the treasuries will come amid the upcoming FOMC meeting, where the committee is likely to keep interest rates steady. There is currently a 95.6% chance that the FOMC will hold rates steady and 4.4% chance they will lower rates by 25 basis points (bps), according to CME FedWatch data.
Why The Treasury Purchases Are Not Bullish In The Short Term
In an X post, macro commentator Milk Road Macro explained why the Federal Reserve’s treasury purchases are not bullish for the crypto market in the short term. Milk Road Macro noted that the Fed balance sheet is expanding but rising at an “extremely slow pace.”
The commentator further remarked that while each reserve management purchase is a liquidity-positive event, it is too small to move risk assets such as Bitcoin on its own. They predict that this balance sheet expansion is likely to remain gradual unless there is a “true shock” to the system.
Milk Road Macro also noted that the current type of balance sheet expansion is different, as the Federal Reserve is buying Treasury bills rather than coupons. Buying treasury coupons usually leads to faster expansion, which is more akin to quantitative easing and is more bullish for the crypto market.

Matthew Sigel, the head of digital asset research at VanEck pushed back on a New York Times report about Strategy (MSTR). He said the article mischaracterized CEO Jan van Eck’s comments and left readers with a false impression about VanEck’s stance on Strategy’s Bitcoin treasury model.
Sigel Says Jan Van Eck’s Quote Was Misread on MSTR
A New York Times article examined #Michael Saylor’s role in shaping Strategy’s Bitcoin-levered approach. The report also raised doubt that the company’s capital structure could withstand a downturn. It cited Jan van Eck, who said “We’ve stayed away … It’s just publicity,” a quote that some readers took as bearish for MSTR.
Sigel wrote in an X post that the framing is inaccurate. It portrayed Jan van Eck, that story reported, as someone who had “always kept his distance from Strategy, which then fueled the perception that #VanEck was dodge responsible for the stock. Sigel said the interpretation was wrong and the firm has raised its exposure in the past few weeks.
He said that Jan van Eck’s quote was talking about VanEck’s own internal strategy, not Strategy itself. The executive also detailed that VanEck is not seeking a digital asset treasury (DAT) strategy as a company policy at this time. He added the comment was not meant to question Strategy’s core foundation or its structure as a Bitcoin linked balance sheet.
VanEck Ramps Up Strategy Exposure
Clients allocated to Exposure to Strategy will continue to be active, Sigel added. VanEck owns about 284,000 shares of MSTR, a position that ranks it in the top 75 shareholders. This position has been ramped up some more, Sigel said.
SEC disclosures support that view. Strategy included among reported holdings on VanEck Associates Corp’s form 13F. The filing states that the exposure to MSTR still exists in VanEck-managed portfolios.
Preferreds are one piece of that risk exposure. VanEck has also previously disclosed ownership of MSTR, STRK and STRF, including Strategy-issued preferred shares. Those securities will be structured to produce fixed cash distributions and be tied to the returns of Strategy’s Bitcoin-tied #balance sheetprofile.
VanEck analysts describe the structure as meta-stable. The framework links Bitcoin volatility and leveraged exposure with investor demand that enables Strategy to grow its balance sheet. An increasing balance sheet can bolster the strength of Strategy to secure more funds and subsequently buy more Bitcoin.
On Friday, MSTR closed at $173.71. Trading in the after-hours session on Saturday pointed to a 0.32% uptick.

The Sui market shifted to a period of stability following a late-2025 decline that was replaced by a steep structural recovery. This came after the mainnet outage that temporarily halted the processing of transactions and caused a confidence shock. 
Despite the interruption, the behavior of the wider market was orderly. Participants aggregated exposure instead of quitting which indicated re-evaluation and not panic. The emphasis is now on whether this stabilization is re-accumulation or a transitory pause in a more general corrective cycle.
January 14 Outage Revealed Consensus Stress, Not Systemic Failure
The January 14 mainnet outage originated from an edge-case flaw in how Sui’s consensus engine processed conflicting transactions. Validators could read some transaction states differently, generating incompatible checkpoint proposals. With such inconsistencies permeating the network, the network did not reach the stake-weighted agreement necessary to certify new checkpoints.
When a significant proportion of the validators started signing conflicting checkpoint data, the network automatically stalled. This protection terminated block construction and update of transactions, and did not allow finalization of an unreliable ledger state. Although this mechanism was disruptive, it maintained integrity and prevented more structural damage throughout the chain.
The outage occurred at approximately six hours and during the outage, all transaction submissions timed out, but users could still access read-only data that represented the last certified state. Approximately $1billion of on-chain value was temporarily idle. Nonetheless, there were no rollbacks of any verified transactions and the chain did not experience any fork.
The Sui team discovered the problem and issued a fix to address the consensus commit logic. Validators organized upgrades to enable a normal operation once again. This reaction minimized the uncertainty instead of exacerbating it, and confirmed the belief that this disruption represented a confined case of consensus edge, rather than a systemic security or design failure.
Liquidity Sweep Confirms Re-Accumulation, Targets Stay Intact
Community-led SUI price analysis frames recent behavior as structurally driven rather than reactionary. Following a larger timeframe correction, the price swept sell-side liquidity below the preceding weekly lows. The action was in line with the liquidity grab that was pointed out on the chart, and the weak positioning was cleared off prior to the directional participation.
The price was swept into the $1.35-$1.40 demand zone as a result of that liquidity sweep, and that zone overlapped a well-defined bullish order block. Buyers took up residual supply in a vigorous manner, precipitating a sharp turnaround. The recovery closed the surrounding fair value gap which attested to controlled re-entry instead of the short-covering volatility.
The accumulation came in within the range of $1.30-$1.50 where the positioning already provided about a 50% upside response. Price now no longer requires aggressive expansion, with that leg in place. Rather, behavior indicates digestion, as the structure directs expectations as opposed to momentum.
This shift represents an asymmetric-risk weekly arrangement of patience. The long-term forecasts to the $5, $10 and $20 regions are all structurally sound, assuming that the reclaimed demand base remains intact. Ultimately, the focus is on structure, rather than timing.

SUI Price Action Maintains a Defined Recovery Path
From a daily perspective, SUI price has transitioned from correction into recovery as higher lows replace sell-driven extensions. The exhaustion came with the double bottom rebound at the demand zone of $1.35-1.40 and sparked an impulsive rise that regained the lost ground of $1.75. This level anchors the near-term structure.
At the time of press, SUI market value sits near $1.80, holding above that reclaimed base. Prices now squeeze just below the $1.85-$1.90 zone, which is a sign of consolidation following growth. Such behaviour implies equilibrium and not distribution since buyers will persist in defending pullbacks.
Provided the price stays above $1.76, the main direction of the market is a drive to the psychological and horizontal level of about $2.00. That level is the first significant test of recovery strength, at which responses are probable but not structurally dangerous.
Above $2.00, $2.20 and $2.60 are the intermediate supply areas. A follow-through at $2.60 will lead to continuation towards $3.00. However, a loss of $1.76 would delay upside momentum. Besides, a breakdown below $1.40 would invalidate the broader long-term SUI price outlook.
SUI/USDT Daily Chart (Source: TradingView)
Summary 
SUI price behavior reflects recovery grounded in structure, not headlines. The disruption of the network did not break the participation or nullify the demand but put the situation into uncertainty. 
Continuation is the prevailing outcome as long as reclaimed support is maintained. The loss of structural support changes that bias. Until then, price direction is observing structure, rather than sentiment.

#Ethereum treasury company BitMine has faced some criticism over its $200 million investment in MrBeast’s Beast Industries earlier this week. This comes amid Billionaire investor Chamath Palihapitiya’s revelation of his stake in the company. Meanwhile, the chairman of the ETH treasury company, Tom Lee, has again explained why investing in MrBeast’s company is a good move.
Crypto Commentators Criticize BitMine’s MrBeast Investment
In an X post, crypto commentator Ran Neuner revealed that he had sold all his BMNR shares. This revelation came as he criticized the company’s investment in Beast Industries, stating that he had invested in an $ETH treasury company, not “Tom Lee’s venture fund.”
Neuner also remarked that he wants more ETH per share, indicating that BitMine should focus on buying more Ethereum rather than investing in Beast Industries. “I understand influencer marketing better than most, but I can’t be convinced that an ETH treasury company should be making these investments. I’m out,” he added.
CoinGape had reported that Tom Lee’s company invested $200 million in Beast Industries earlier this week. The BitMine chairman explained that this move was a way to create a collaboration between Ethereum, which he claimed is the future of digital finance, and the number one content creator in the world.
Neuner isn’t the only one to have criticized this move by the Ethereum treasury company. The Altcoin Daily also questioned why Tom Lee’s company is buying a stake in MrBeast’s company rather than buying more ETH. ” I like MrBeast… but how does this make sense? Someone please explain this to me,” the crypto commentator added.
The Bull Case For ETH and BMNR Stock
Tom Lee highlighted the bull case for the ETH price and BMNR stock this year. He noted that this could be Ethereum’s year, with the $ETH /$BTC ratio hitting a new all-time high (ATH) and tokenization and mainstream adoption driving the altcoin’s price higher.
The BitMine chairman also mentioned that Standard Chartered sees 2026 as Ethereum’s year, with a potential rally to $12,000. Lee expects the treasury company will benefit from ETH’s rise, with historical correlation suggesting that a $12,000 Ethereum price could translate into a $500 BMNR share price.
Tom Lee added that BitMine will also earn substantial income from ETH staking rewards and from $1 billion cash on hand. He estimates that their current Ethereum and cash holdings could generate pretax income of $402 to $33 million. At a $12,000 ETH price target and with the company potentially hold 5% of the altcoin’s supply, this pretax income could rise up to $2.2 billion.
Chamath Reveals Stake In Beast Industries
Famous investor and entrepreneur Chamath Palihapitiya revealed that he invested $45 million in a Series A that created Beast Industries by bringing together all of MrBeast’s various business interests under one umbrella. He added that creating this holding company allowed them to streamline their capital allocation and double down on big, long-term opportunities such as financial services, telecoms, and a creator marketplace.
Tom Lee highlighted Chamath’s comments and said he looks forward to many organic collaborations between BitMine and MrBeast. Meanwhile, while giving a recap of the shareholders’ meeting held yesterday, Lee said that the top layer-1 network Ethereum needs to tap into a larger community to drive mainstream adoption.
He further remarked that MrBeast is the iconic content creator of the generation, with each of his videos garnering over 250 million views, surpassing the Super Bowl. As such, he sees a lot of “potential synergy” between the ‘number one’ content creator and largest Ethereum holder in the world, BitMine.

Among the key players in the industry, the support of the U.S. crypto market structure bill, also known as the #CLARITY Act is faltering. The pullback is due to issues related to trust, scope, and long-term regulatory risk.
Why Coinbase Withdrew Support for The Crypto Market Structure Bill 
Coinbase will support the CLARITY Act as it is. The company feels that the bill presents structural issues as opposed to clarity.
#Coinbase CEO Brian Armstrong said that he had read the Senate draft text with close attention to details. He finished the proposal by concluding that it causes more damage than regulatory certainty.
According to Armstrong, the bill increases the influence of the government in crypto markets. He cautioned that this solution would risk the privacy of users and kill innovation.
He further added that draft undermines transparent #regulation boundaries. Nevertheless, he also wrote that the negotiations regarding the CLARITY Act will still go on despite Coinbase backing out.
In his perception, overlapping of authority would slow down development. Coinbase believes that hastily passed legislation is likely to entrench bad rules and once that legislation is approved it is hard to undo.
Industry Leaders Warn About CLARITY Act 
A number of industry analysts are worried about the same issues as Armstrong. They said that bad regulation is more dangerous than regulatory uncertainty. This risk has only become increasingly broad because the crypto bill is threatened by White House.
Ryan Rasmussen, the head of the Bitwise research, decried the overall effect of the bill. He claimed the draft is prejudicial to builders and investors in the ecosystem.
Structural concerns were also brought up by crypto lawyer Jake Chervinsky. He pointed out that the crypto bill can be revised further. Chervinsky reported that the industry’s response to the Senate markup is still one that required critical review. Hence, he asked that legislators should polish the document before it was accepted.
The position of Coinbase was further backed up by venture capitalist Tim Draper. According to him, compromise language invites political bias by compromising existing financial interests.
Can Crypto Firms Agree on Market Structure? 
Not everybody in the cryptocurrency industry is in agreement though. Others complain that it is better to make progress than remain stagnated. Chris Dixon of a16z Crypto, justified the intent of the bill by arguing that developers require straightforward legal systems in order to work.
Coin Center executive director Peter Van Valkenburgh, echoed a partially optimistic sentiment. He claimed that there is improvement in the draft, even though there are still problems that have not been addressed.
Industry division stalled the crypto bill markup in the Senate. Such stalling underscores the level of fragmentation among crypto leaders. The argument does indicate a bigger shift in crypto policy approach.
In the case of Coinbase and other crypto companies, the crypto bill should be supported by meaningful amendments. The firms are not yet willing to have a bill that they considered to be flawed.