JUST IN: 🇺🇸 The White House and senators have reached a tentative agreement to resolve the stablecoin yield debate that has stalled crypto legislation, according to Politico. https://t.co/6FX9QTGnBiCoinMarketCap (@CoinMarketCap):LATEST: 🇺🇸 Senator Tim Scott says he expects a potential compromise on the issue of stablecoin yield for the stalled crypto market structure bill by the end of the week. https://t.co/uAmMyubY71 ...

Daily News 🗞 | March 19• #Bitcoin ETF inflows near Oct levels, but totals still trail• #ETH targets 98% reduction in bridge times to 13 seconds under proposed update• Tether unveils AI training for smartphones and consumer GPUs• SEC indicates most crypto may not qualify as securities under federal law• U.S. senator signals progress on stalled crypto legislation this week ...

Abra CEO Bill Barhydt joins CoinDesk's Jennifer Sanasie on Public Keys to discuss the company's SPAC merger, valued at $750M, and why he sees strong tailwinds for digital asset wealth management. Plus, he breaks down client interest in DeFi yield, bitcoin-backed loans, and stablecoin products. He also shares his take on crypto legislation, Iran sanctions, and the road ahead for smart contract platforms. ...

Core Insights - The CLARITY Act is anticipated to reshape the market structure for cryptocurrency, with JPMorgan analysts suggesting it could be approved by mid-year 2026, despite CEO Jamie Dimon's opposition [1][2] - Current betting odds on Polymarket indicate a 71% chance of the CLARITY Act becoming law by 2026, although these odds have fluctuated significantly [1] - Ripple CEO Brad Garlinghouse estimates a 90% chance of the bill's passage by the end of April [5] Industry Impact - If the CLARITY Act passes with favorable yield provisions, Coinbase's stablecoin-related revenue, which was approximately $1.3 billion in 2025, could see significant growth [6] - Conversely, if traditional banks succeed in limiting yields, it could negatively impact this revenue stream [6] - A Treasury Department study warns that stablecoin yields could potentially divert $6 trillion in deposits from traditional banks, highlighting the stakes involved for the banking sector [2] Political Dynamics - Former President Trump has publicly supported the CLARITY Act, stating that it is being undermined by banks and urging them to negotiate with the crypto industry [4] - The Fairshake super PAC, largely funded by crypto companies, has $190 million available for pro-crypto candidates in the 2026 midterms, indicating strong financial backing for political support [7]

quick on on on this crypto legislation that seems to be hung up in the Senate. Uh, Secretary, do you expect that the Clarity Act uh will in fact come back for a markup and and why are we having a debate about bank margins? Where do you stand on this? Do you think crypto platforms should be able to pay rewards, pay customers for moving stable coin or or or money out of uh traditional bank deposit accounts and and keep them in crypto platforms? Where are you on that issue? Uh again, Maria, I I I think what we ...

Core Viewpoint - The confrontation between JPMorgan Chase CEO Jamie Dimon and Coinbase CEO Brian Armstrong highlights tensions between traditional banks and the crypto industry regarding the US crypto market structure bill, particularly around stablecoin rewards [1][8]. Group 1: Confrontation Details - Dimon accused Armstrong of misrepresenting banks' roles in opposing the crypto legislation during a coffee meeting at the World Economic Forum [3]. - The exchange occurred in the presence of former UK Prime Minister Tony Blair, where Dimon reportedly interrupted and expressed strong disapproval of Armstrong's comments [3]. Group 2: Stablecoin Rewards Dispute - The central issue of the dispute involves stablecoin rewards, with banks opposing the idea of issuers offering yield, fearing it could blur the lines between banks and non-bank financial firms [4]. - Crypto executives, including Armstrong, argue that banning stablecoin rewards would disadvantage them and favor traditional banks, limiting competition [4]. Group 3: Industry Reactions - Armstrong's position has led to isolation among banking leaders, with Bank of America CEO Brian Moynihan suggesting Coinbase should become a bank if it wants to operate like one [5]. - Wells Fargo CEO Charlie Scharf reportedly avoided discussions with Armstrong altogether, indicating a growing divide [5]. Group 4: Legislative Context - The US market structure bill, which passed the House of Representatives in July, is currently stalled in the Senate due to concerns from Democratic lawmakers about ethics rules and the bill's impact on the financial system [6]. - Lobbyists from both banking and crypto sectors have warned that certain provisions could unintentionally reshape competitive dynamics [6]. Group 5: Coinbase's Position - Coinbase has attempted to downplay the rift with banks, with its chief policy officer stating that the disagreement over stablecoin rewards is an outlier in an otherwise cooperative relationship [7]. - The company points to existing partnerships with traditional financial institutions as evidence of collaboration [7].

Bitcoin (BTC) remained stuck in limbo at around $88,000 on Monday as gold and silver extended their blistering rallies before paring gains. BTC is up a bit from what's now becoming a renewed pattern of panicky weekend selling, but down from around the $90,000 late Friday. Rising odds of a government shutdown on Jan. 31 — and the crimp on liquidity that might entail — were among the leading reasons for the Sunday selloff. That exact same news, however, left precious metals bulls unfazed. Gold soared thro ...

Group 1 - The USD1 stablecoin issued by World Liberty Financial has surpassed PayPal's PYUSD stablecoin, marking a significant milestone in the cryptocurrency market [1] - Binance announced a $40 million WLFI token airdrop for USD1 holders, which will run until February 20, rewarding users with a 1.2× bonus for collateralized holdings [1] - World Liberty Financial is a decentralized finance platform co-founded by Eric Trump, with the Trump family owning 60% of the company and entitled to 75% of revenue from coin sales [2] Group 2 - Eric Trump has criticized traditional banks, claiming they are attempting to obstruct cryptocurrency legislation, indicating a shift in the financial system [3] - Senators Elizabeth Warren and Jack Reed have called for an investigation into World Liberty Financial over alleged ties to North Korea and Russia, which Eric Trump has dismissed as unfounded [4] - As of the latest data, USD1 has a closing price of $0.9999, a 24-hour trading volume of $6.23 billion, and a market cap of $4.4 billion, compared to PYUSD's closing price of $0.9994, trading volume of $188.38 million, and market cap of $3.75 billion [4]

Core Viewpoint - Coinbase's CEO Brian Armstrong asserts that there is no rift between Coinbase and the White House regarding the new crypto legislation, emphasizing constructive discussions with government officials [1]. Group 1: Legislative Developments - The proposed bill aims to shift regulatory control and impose bans on passive yields from stablecoin holdings, reflecting a contentious atmosphere among industry stakeholders [2]. - Coinbase withdrew its support for the bill just before the Senate was set to debate it, leading to speculation about increased demands for changes from market players, which may complicate negotiations [3]. - Allegations surfaced that the White House was upset with Coinbase's unilateral decision to withdraw support, but Armstrong refuted claims of a rift, stating that the White House remains engaged in discussions [3]. Group 2: Industry Reactions - The bill has received mixed reactions within the crypto industry, with some welcoming regulatory clarity while others view it as a concession to traditional finance, particularly concerning stablecoin yields [5]. - Armstrong criticized the potential impact of stablecoin yields on banks, arguing that consumers should have the opportunity to earn more on their investments [5]. - A source close to the Trump administration indicated that the White House was not informed of Coinbase's decision in advance, suggesting that one company should not represent the entire industry [4].

Core Insights - Dogecoin (CRYPTO: DOGE) experienced an 8% increase on January 13, reaching nearly $0.15, primarily due to a provision in the latest draft of the Senate's crypto bill rather than social media influence [1][4] Legislative Context - The Senate's 278-page crypto bill builds on the Clarity Act, aiming to categorize digital assets and define regulatory oversight, distinguishing between "ancillary assets" and "digital commodities" [2] - Ancillary assets, which do not qualify as securities, will fall under SEC regulation and face stricter reporting and trading rules, with the SEC determining which projects are classified as such [2] Implications for Dogecoin - If the bill is enacted, Dogecoin would gain non-ancillary-asset status due to a clause that exempts cryptos already in exchange-traded products (ETPs), which applies to Dogecoin as it has three spot Dogecoin ETFs [3][6] - The price surge for Dogecoin was also influenced by its categorization alongside Bitcoin, XRP, and Solana in the proposed legislation [4] Market Dynamics - The current price increase for Dogecoin is viewed as speculative rather than indicative of long-term value, with the bill's passage uncertain and subject to numerous amendments [5][6] - While being included in a crypto ETF could facilitate investment in Dogecoin for both institutional and retail investors, the long-term competitive advantage of non-ancillary status remains questionable, primarily reducing regulatory burdens in the short term [6][7]