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21 Jan 2026, 21:45

DXC, Ripple partners to offer banking institutions a framework for crypto payment and asset custody

DXC Technology has formed a strategic alliance with the digital payments network Ripple to help banking institutions with crypto asset custody and payment capabilities at an institutional scale. DXC Technology, a software service provider for global institutions, has announced a strategic alliance with Ripple, a FinTech company offering crypto payment solutions for enterprises. The two entities aim to develop frameworks for banking institutions to enter the digital asset space. According to a press release issued jointly by Ripple and DXC, the two companies aim to facilitate the adoption of crypto custody and payment solutions at the institutional level for banking organizations. DXC and Ripple also aim to enable financial institutions and fintech companies to safely access blockchain technology, as part of a broader initiative to bridge legacy financial systems with decentralized onchain finance. Ripple to provide digital custody technology to Hogan users As part of the partnership, Ripple will leverage DXC’s Hogan core banking platform, alongside its digital asset custody and payments technology, to enable large-scale crypto use across banking environments. The partnership will provide Hogan users with a streamlined path to deliver digital custody and payment capabilities. Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC, said that custody and seamless payment capabilities are vital to bridging digital assets with mainstream financial frameworks. The exec also highlighted that the collaboration between DXC and Ripple will work to bring crypto capabilities to mainstream finance, enabling banks to engage with crypto assets without jeopardizing the core systems that power their operations. Joanie Xie, VP and Managing Director, North America at Ripple, said that banks are facing increased pressure to adopt modernized infrastructure while maintaining their existing, complex TradFi frameworks. The VP added that the partnership “brings digital asset custody, RLUSD, and payments directly into the core banking environments institutions already trust.” The exec also added that the collaboration is working to enable “banks to deliver secure, compliant digital asset use cases at enterprise scale without disruption.” The partnership is part of DXC’s long-term objective to facilitate the modernization of financial institutions by adopting newer, more efficient technology while innovating safely. Binance lists RLUSD for deposits and trading activities The news comes after Cryptopolitan reported on January 21 that Binance had listed Ripple’s stablecoin RLUSD on its markets. The report indicated that the stablecoin will initially trade as an ERC-20 token in pairs with USDT and XRP, but the exchange said it plans to add the XRPL network, RLUSD’s native network. RLUSD’s market cap has grown significantly since last year. Data from Coingecko shows that the stablecoin has reached a new high of $1.4 billion in market cap. The RLUSD markets will open on Binance from January 22, with initial trading activities commencing with deposits only. The Ripple-DXC partnership comes amid growing uncertainty in the crypto industry. Despite Bitcoin sliding below $90k, Ripple’s CEO Brad Garlinghouse believes crypto will make a comeback. The executive predicted that 2026 would be the best-performing year in the history of the entire crypto sector. In an interview, Garlinghouse cited regulatory reforms and the influx of institutional capital as the main drivers of the predicted growth. Despite the renewed optimism, Bitcoin has seen liquidations totaling $426.06 million over the last 24 hours, according to data from Coinglass. The data shows that the entire crypto market has seen $1.01 billion in liquidations in the last 24 hours due to growing uncertainty over Greenland between the U.S. and the European Union. However, Trump has called for a more diplomatic approach to acquiring Greenland. Speaking at the World Economic Forum on January 21, the U.S. president said he would not use force to acquire the Arctic island. He also added that the framework for the acquisition between the U.S. and NATO chiefs has been reached. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

21 Jan 2026, 21:00

What’s The Beef Between Cardano And XRP? Here’s Why The Communities Are Clashing

A disagreement over US crypto regulation has spilled into public view, drawing the Cardano and XRP communities into an unexpected clash. The reason is the Digital Asset Market Clarity Act, a proposed bill intended to define how digital assets are regulated in the United States. The disagreement started after Charles Hoskinson openly criticized Brad Garlinghouse over his stance on the legislation, which led to pushback from prominent XRP community members. This comes just after reports have suggested growing frustration among lawmakers toward Coinbase over disagreements tied to the Clarity Act. Hoskinson’s Criticism And Garlinghouse’s Position In Full Context The tension came to the surface during a livestream in January 2026, where Hoskinson criticized Garlinghouse’s apparent support for advancing the Clarity Act despite its shortcomings. In the video, Hoskinson expressed skepticism about the bill’s direction and origins, remarking sarcastically, “And what we got is Elizabeth Warren wrote the bill, that’s leadership we can believe in.” He went on to challenge the idea that passing an imperfect bill is preferable to continued uncertainty, pointing directly to the position of Ripple CEO Brad Garlinghouse. Hoskinson questioned whether handing regulatory power to the same institutions that previously sued, subpoenaed, or shut down crypto businesses could truly be considered progress. Hoskinson’s remarks did not go unanswered. Vet, a notable XRP community member and XRP Ledger dUNL validator, reposted the video on X and criticized Hoskinson’s approach. Vet questioned why Hoskinson chose to publicly attack Garlinghouse instead of contributing constructively to the legislative process, writing, “How about focusing on helping shape the Clarity Bill instead of crashing out on Brad for no reason, Charles?” Why The Clarity Act Matters To Both Communities The Clarity Act is one of a few bills introduced during the current crypto-positive Trump administration that aims to bring structure to a regulatory environment that has been uncertain for years. The Clarity Act, in particular, was introduced to bring clarity around whether digital assets should be treated as securities or commodities and which agencies should oversee them. The bill represents a necessary step toward legal certainty and institutional participation. Supporters of XRP tend to see engagement with lawmakers as a practical route forward after years of legal battles. However, others like Charles Hoskinson are of a different notion. The Clarity Act is not without its issues. Sources close to the White House say the administration is considering pulling its support for the Clarity Act if Coinbase does not return to negotiations over stablecoin yield provisions. However, Coinbase CEO Brian Armstrong noted that Coinbase is actively working to find common ground with banks on yield-related issues. A similar Act, called the Guiding and Establishing National Innovation for US Stablecoins Act, or the “GENIUS Act,” was signed into law in 2025 by President Donald Trump as part of efforts to create better regulatory clarity towards stablecoins in the United States. Interestingly, Ripple CEO Brad Garlinghouse was part of the crypto industry leaders that expressed support for the Genius Act after it was signed into law.

21 Jan 2026, 20:11

Ripple President: Half of Fortune 500 to Adopt Crypto in 2026

Ripple President Monica Long has said that about half of Fortune 500 companies will adopt formal crypto or digital asset treasury strategies in 2026, pointing to stablecoins, tokenized assets, and custody as main areas of use. She framed crypto less as a trading product and more as financial infrastructure that large firms are beginning to treat as part of routine operations. Institutional Crypto Shifting From Pilots to Production Long shared her outlook in a series of posts on X published on January 20, alongside a longer essay on Ripple’s website released the same day. She argued that banks and corporates are moving past limited trials and into production use, especially for stablecoins used in settlement, on-chain assets, and custody services. According to her, stablecoins are becoming embedded in payment flows as firms look for faster settlement and better liquidity management. Long cited growing involvement from payment firms such as Visa and Stripe, which have integrated stablecoins into parts of their systems. She also pointed to U.S. regulatory changes, including the passage of the GENIUS Act, as a factor that has given institutions clearer rules around dollar-backed crypto assets. Ripple’s own push into this area includes Ripple USD and its conditional approval from the Office of the Comptroller of the Currency to form a national trust bank. On corporate balance sheets, the Ripple executive said crypto exposure is broadening beyond Bitcoin holdings. She expects companies to hold stablecoins, tokenized treasuries, and other on-chain instruments as part of their structured treasury strategies. A 2025 Coinbase survey found that 60% of Fortune 500 firms were already working on blockchain initiatives, while more than 200 public companies held BTC at the end of last year. ETFs, Custody, and Consolidation to Shape the Next Phase Long’s comments have landed at a time when institutional access to crypto is widening through exchange-traded funds (ETFs). For example, Ethereum and Solana ETFs registered record trading volumes in early January 2026, showing sustained activity rather than brief spikes. Meanwhile, asset managers are also expanding product lines, with Bitwise filing for 11 single-asset altcoin ETFs on December 31, 2025, covering DeFi tokens, layer-1 networks, and AI-linked projects. These products match up with Long’s view that while ETFs are a small slice of the broader market, they act as a gateway for institutions that need familiar structures. She also linked adoption to changes in custody. Crypto mergers and acquisitions reached $8.6 billion in 2025, with custody services drawing increased attention as banks face pressure to spread risk across multiple providers. Long expects more than half of the world’s top 50 banks to formalize new custody relationships in 2026. She also said blockchain systems will increasingly work alongside automation tools, allowing treasuries and asset managers to manage liquidity and collateral on a continuous basis. While these forecasts remain projections, they reflect a growing consensus among large crypto firms and investors that institutional use is now shaping how the sector develops. The post Ripple President: Half of Fortune 500 to Adopt Crypto in 2026 appeared first on CryptoPotato .

21 Jan 2026, 20:05

Crypto Futures Liquidation Crisis: $144 Million Evaporates in One Hour Amid Market Turmoil

BitcoinWorld Crypto Futures Liquidation Crisis: $144 Million Evaporates in One Hour Amid Market Turmoil Global cryptocurrency markets experienced a dramatic liquidation event on March 15, 2025, as $144 million worth of futures contracts evaporated within a single hour, triggering widespread concern among traders and analysts. This intense derivatives market pressure contributed to a staggering $932 million in total liquidations over the preceding 24-hour period, according to data from major exchanges including Binance, Bybit, and OKX. Market observers immediately noted the correlation between these liquidations and Bitcoin’s sudden 7.2% price decline during the same timeframe, highlighting the interconnected nature of spot and derivatives markets in digital asset ecosystems. Crypto Futures Liquidation Mechanics and Immediate Causes Futures liquidations occur when traders’ positions face automatic closure due to insufficient margin. Exchanges execute these forced sales when prices move against leveraged positions. Consequently, the cascade of $144 million in liquidations within 60 minutes suggests extreme leverage unwinding across multiple trading platforms. Market data reveals Bitcoin’s price dropped from $74,200 to $68,800 during this volatile period. Additionally, Ethereum contracts represented approximately 32% of the total liquidated value. This rapid deleveraging created substantial selling pressure that further accelerated price declines. Several technical factors contributed to this liquidation event. First, aggregate open interest across major exchanges reached record levels exceeding $38 billion before the decline. Second, funding rates turned significantly positive, indicating excessive long positioning. Third, Bitcoin’s dominance index declined as altcoins experienced even sharper corrections. Historical analysis shows similar liquidation clusters occurred during previous market cycles, particularly in June 2022 and November 2021. Market structure analysis suggests these events typically follow extended periods of bullish sentiment and increasing leverage utilization. Exchange-Specific Breakdown and Market Impact Data from Coinglass and other analytics platforms provides detailed exchange breakdowns: Exchange 1-Hour Liquidations 24-Hour Liquidations Primary Asset Binance $67.2 million $412 million BTC/USDT Bybit $38.4 million $231 million ETH/USDT OKX $24.8 million $187 million Mixed Other Exchanges $13.6 million $102 million Various The liquidation distribution reveals important market dynamics. Binance processed the largest volume, representing 46.7% of hourly liquidations. Long positions accounted for 83% of the total liquidated value, indicating most affected traders bet on price increases. Cross-margin positions experienced higher liquidation rates than isolated margin accounts. Market depth analysis shows order book thinning exacerbated price movements during peak volatility. These conditions created a feedback loop where liquidations triggered further price declines, which then caused additional liquidations. Historical Context and Derivatives Market Evolution Cryptocurrency derivatives markets have evolved significantly since their inception. Futures trading volume now regularly exceeds spot trading volume on major platforms. The current $144 million liquidation event, while substantial, remains smaller than historical extremes. For comparison, May 2021 witnessed $8.6 billion in liquidations within 24 hours. Similarly, November 2022 saw $4.5 billion liquidated during the FTX collapse. However, the concentration within one hour distinguishes the current event, suggesting different market mechanics. Several structural changes have altered liquidation dynamics: Improved Risk Management: Exchanges now implement more sophisticated liquidation engines Insurance Funds Growth: Major platforms maintain larger buffers to absorb losses Options Market Integration: Derivatives hedging has become more complex Regulatory Developments: Jurisdictions increasingly mandate risk disclosures Market participants have adapted their strategies accordingly. Institutional traders now utilize more sophisticated hedging techniques. Retail traders increasingly access educational resources about leverage risks. Exchange interfaces better visualize liquidation prices and margin requirements. Despite these improvements, liquidation events continue occurring during extreme volatility periods. Market analysts emphasize that leverage inherently creates vulnerability during unexpected price movements. Expert Analysis and Risk Management Perspectives Financial analysts specializing in cryptocurrency derivatives provide crucial insights. Dr. Elena Rodriguez, derivatives researcher at Cambridge Digital Assets Programme, explains: “Liquidation clusters typically indicate market inflection points. The $144 million event suggests excessive leverage had accumulated during the preceding rally. Importantly, exchange systems handled the volume without technical failures, demonstrating infrastructure improvements.” Risk management professionals emphasize several protective measures: Maintaining lower leverage ratios during high volatility periods Diversifying across multiple exchanges and position types Implementing stop-loss orders independent of exchange liquidation engines Monitoring funding rates and open interest as sentiment indicators Historical data analysis reveals patterns preceding major liquidation events. Typically, these include rapidly increasing open interest, extreme funding rates, and declining volatility indices. Market participants who monitor these metrics often reduce exposure before cascading liquidations begin. However, predicting exact timing remains challenging due to market complexity and external catalysts. Broader Market Implications and Future Outlook The $144 million liquidation event immediately affected broader cryptocurrency markets. Spot trading volumes increased 47% during the volatile period as traders adjusted positions. Bitcoin’s dominance index recovered slightly as investors shifted to perceived safer assets. Altcoins generally experienced larger percentage declines than major cryptocurrencies. Market capitalization decreased approximately 5.2% across the top 100 digital assets. Several longer-term implications merit consideration. First, regulatory scrutiny of derivatives offerings may intensify following significant liquidation events. Second, institutional adoption timelines could extend if volatility concerns persist. Third, decentralized derivatives platforms might gain market share if centralized exchanges face criticism. Fourth, risk management education will likely receive increased emphasis across the ecosystem. Market structure analysis suggests potential developments. Derivatives product innovation may focus on reducing liquidation risks through different mechanisms. Insurance products for margin positions could emerge as a new market segment. Cross-margin optimization tools might gain popularity among sophisticated traders. Exchange competition could increasingly emphasize risk management features rather than just leverage limits. Conclusion The $144 million crypto futures liquidation within one hour highlights ongoing volatility in digital asset markets. This event, part of $932 million in 24-hour liquidations, demonstrates the risks associated with leveraged derivatives trading. Market participants must understand liquidation mechanics and implement robust risk management strategies. Historical context shows similar events have occurred throughout cryptocurrency market evolution. Future market stability will depend on continued infrastructure improvements, enhanced risk management practices, and appropriate regulatory frameworks. The crypto futures liquidation event serves as a reminder that leverage amplifies both gains and losses in volatile markets. FAQs Q1: What causes futures liquidations in cryptocurrency markets? A1: Futures liquidations occur when traders’ margin balances fall below maintenance requirements due to adverse price movements. Exchanges automatically close positions to prevent negative balances, creating forced selling that can accelerate market declines. Q2: How does the $144 million liquidation compare to historical events? A2: While substantial, this event remains smaller than extreme historical liquidations. For context, May 2021 saw $8.6 billion in liquidations within 24 hours. However, the concentration within one hour makes this event notable for its intensity. Q3: Which cryptocurrencies experienced the most liquidations? A3: Bitcoin and Ethereum contracts represented the majority of liquidated value. Bitcoin accounted for approximately 58% of total liquidations, while Ethereum comprised about 32%. Remaining liquidations involved various altcoin contracts. Q4: Can liquidation events predict market direction? A4: While liquidation clusters often coincide with market inflection points, they don’t reliably predict future direction. Historical data shows markets sometimes recover quickly after liquidations, while other times declines continue. Multiple factors determine subsequent price action. Q5: What risk management strategies help avoid liquidation? A5: Effective strategies include using lower leverage ratios, maintaining adequate margin buffers, diversifying across positions, implementing independent stop-loss orders, and avoiding maximum leverage during high volatility periods. Regular position monitoring remains essential. This post Crypto Futures Liquidation Crisis: $144 Million Evaporates in One Hour Amid Market Turmoil first appeared on BitcoinWorld .

21 Jan 2026, 20:00

Bitcoin Soars: Remarkable Rally Propels BTC Above $90,000 Milestone

BitcoinWorld Bitcoin Soars: Remarkable Rally Propels BTC Above $90,000 Milestone In a stunning display of market strength, Bitcoin has decisively shattered the $90,000 barrier, trading at $90,019.62 on the Binance USDT market as of early trading on April 2, 2025. This landmark achievement represents not just a numerical threshold but a powerful psychological victory for the world’s premier cryptocurrency, signaling a new phase of institutional and retail confidence in digital assets. Consequently, analysts are now scrutinizing the confluence of factors that fueled this historic ascent. Bitcoin Price Breaks Through a Critical Resistance Level According to real-time data from Bitcoin World market monitoring, the BTC/USDT pair on Binance surged past the $90,000 mark, establishing a new local high. This move follows weeks of consolidative trading between $82,000 and $88,000. Market depth charts indicate significant buy-side liquidity absorbed the initial sell pressure around the milestone. Furthermore, trading volume spiked by approximately 35% compared to the 24-hour average, confirming strong conviction behind the breakout. Historically, Bitcoin has demonstrated a pattern of encountering resistance at round-number psychological levels. The breach of $90,000, therefore, carries substantial technical weight. For instance, the previous major resistance was at $80,000, which held for nearly two weeks before yielding. This latest breakthrough suggests a fundamental shift in market structure, potentially paving the way for a test of the $100,000 region. On-chain data from analytics firms shows a notable decrease in exchange reserves, implying a trend toward accumulation rather than distribution. Analyzing the Drivers Behind the Cryptocurrency Rally Several macroeconomic and crypto-specific catalysts converged to propel Bitcoin’s price. Primarily, the recent approval and successful launch of multiple spot Bitcoin ETFs by major traditional finance institutions has created a sustained, verifiable demand shock. These regulated products have funneled billions in new capital into the market. Simultaneously, ongoing concerns about global currency debasement and inflation in several major economies continue to drive demand for hard, scarce assets like Bitcoin. Additionally, the upcoming Bitcoin halving event, scheduled for mid-2025, is a critical factor. This pre-programmed reduction in the block reward for miners will cut the new supply of Bitcoin entering the market by 50%. Historically, halving events have preceded significant bull markets, as seen in the years following the 2012, 2016, and 2020 halvings. The current price action may reflect anticipatory buying based on this well-established scarcity model. Recent Bitcoin Price Milestones (2024-2025) Price Level Date First Reached Time to Next $10k $70,000 March 2024 ~11 months $80,000 February 2025 ~2 months $90,000 April 2025 — Expert Perspectives on Market Sustainability Financial analysts and veteran traders emphasize the importance of derivative market health. Currently, the funding rates for perpetual swap contracts remain positive but not excessively high, indicating leveraged speculation is not yet at extreme levels. This suggests the rally may have room to run without an immediate, sharp correction caused by a mass liquidation event. Moreover, the put/call ratio for Bitcoin options has shifted, showing a decline in bearish bets as the price climbed, reflecting changing market sentiment. Regulatory developments also provide a crucial backdrop. Clearer frameworks for digital asset custody and trading in jurisdictions like the European Union and parts of Asia have reduced systemic uncertainty. This regulatory clarity, while often stringent, provides a more stable operating environment for large institutions. Consequently, corporate treasury adoption of Bitcoin as a reserve asset continues to be a discussed trend among Fortune 500 companies. The Broader Impact on the Digital Asset Ecosystem Bitcoin’s rally above $90,000 invariably creates a halo effect across the entire cryptocurrency sector. Major altcoins, particularly Ethereum (ETH), often experience correlated upward momentum as capital rotates and overall market sentiment improves. However, Bitcoin’s dominance rate—its market capitalization as a percentage of the total crypto market—remains a key metric to watch. A rising dominance indicates capital is favoring Bitcoin’s relative safety and liquidity. The mining industry reacts directly to price increases. Higher Bitcoin prices improve miner profitability, especially for operations with efficient energy contracts. This can lead to increased investment in mining infrastructure and a corresponding rise in the network’s hash rate, further securing the blockchain. Nonetheless, the impending halving will apply pressure on less efficient miners, potentially leading to industry consolidation. Institutional Inflows: ETF and corporate buying provide a new, sticky source of demand. Macro Hedge: Bitcoin is increasingly viewed as a digital gold and inflation hedge. Technological Maturity: Layer-2 solutions like the Lightning Network improve utility. Scarcity Event: The upcoming halving enforces Bitcoin’s disinflationary monetary policy. Conclusion Bitcoin’s ascent above $90,000 marks a definitive moment in its financial evolution, underscoring its growing integration into the global economic landscape. This achievement stems from a complex interplay of institutional adoption, macroeconomic forces, and its inherent scarcity mechanism. While market volatility remains a constant feature, the breach of this psychological barrier demonstrates robust underlying demand. Moving forward, market participants will closely monitor on-chain metrics, regulatory news, and macroeconomic indicators to gauge the sustainability of this rally toward the next major milestone. FAQs Q1: What does Bitcoin trading above $90,000 mean for the average investor? It signifies growing mainstream acceptance and potential market maturation. For investors, it highlights the importance of understanding Bitcoin’s volatility and considering it as part of a diversified, long-term portfolio strategy rather than a short-term speculation. Q2: How does the Bitcoin halving in 2025 affect its price? The halving cuts the rate of new Bitcoin supply by half. Historically, this reduction in new sell pressure from miners, combined with steady or increasing demand, has created bullish supply-side shocks. However, past performance does not guarantee future results. Q3: Are Bitcoin ETFs still buying at these high prices? Public filings from ETF issuers show continued, though sometimes variable, net inflows. This indicates that institutional and retail demand via these vehicles persists, providing a foundational layer of buying support even at elevated price levels. Q4: What are the main risks to Bitcoin’s price at this level? Key risks include sudden shifts in macroeconomic policy (like interest rate hikes), unexpected stringent regulatory actions in a major market, a major security flaw or exchange failure, or a prolonged downturn in traditional risk assets that triggers broad deleveraging. Q5: How can someone verify the current Bitcoin price? Always rely on multiple reputable sources. Cross-reference data from major regulated exchanges like Coinbase, Kraken, and Binance, and use established aggregate price indices from sites like CoinMarketCap or CoinGecko, which track volume-weighted averages across numerous trading venues. This post Bitcoin Soars: Remarkable Rally Propels BTC Above $90,000 Milestone first appeared on BitcoinWorld .

21 Jan 2026, 19:25

U.S. Senate Agriculture Committee plans to unveil its latest bill on crypto market structure today

The chairperson of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, John Boozman, is expected to release legislative text today as part of the committee’s effort to draft crypto market structure legislation. The U.S. Senate Committee on Agriculture, Nutrition, and Forestry is expected to publish its latest legislative text on non-stablecoin regulations before the end of the day. The text release is part of the committee’s objective to streamline legislation on the crypto market structure outside stablecoins. The committee had announced on January 13 that it would release the legislative text today, ahead of the committee markup scheduled for January 27. The hearing on the crypto market structure bill was initially scheduled for January 15, but was postponed to January 21. Boozman said that the new schedule pushes for transparency and thorough scrutiny as the committee advances legislation to bring more clarity to crypto assets. Senate Agriculture Committee to release legislative drafts for the crypto market structure bill The legislative draft text will provide relevant crypto participants with a high-level overview of the key issues to focus on ahead of the committee markup towards the end of the month. The draft text will also indicate whether the additional two weeks of negotiations between Chairman Boozman (R-AR) and Senator Cory Booker (D-NJ) resulted in a bipartisan bill. The emerging issues in the crypto industry have sparked back-and-forth between Democratic and Republican committee members. These issues include whether memecoins should be added to the list of “digital goods,” funding for the CFTC to oversee crypto, and the overall listing standards of different tokens. Members of the Banking Committee hope that the Agricultural Committee has reached a unanimous deal on crypto market structure legislation so that it can offer a center stage for their own markup. The banking committee postponed its markup last week after releasing its draft text and has not set a formal date. Coinbase CEO says initial draft texts by the banking committee had “issues” Coinbase has assumed the responsibility and has stepped up to push for further regulatory developments. CEO Brian Armstrong is in Davos with other banking CEOs, including Brian Moynihan of Bank of America and Jamie Dimon of JPMorgan. Brian Armstrong recently said in an interview that Coinbase had reviewed the draft texts from the banking committee and found “serious issues” in them. The CEO went ahead and said the committee showed no signs of resolving the issues, prompting the exchange to defend its customers. The banking committee decided to postpone its markup, giving Coinbase a chance to have a chat with bank CEOs in pursuit of a “win-win” outcome. Cryptopolitan highlighted that the Executive Director of the White House Crypto Council, Patrick Witt, said that delaying the market structure bill could invite harsher regulation under a less crypto‑friendly Democratic administration. Witt seemed to be addressing Brian Armstrong after the exchange withdrew its support for the bill, citing “serious issues” with the draft texts. U.S. President Donald Trump has also commented on the legislation. While speaking at the World Economic Forum in Davos, Switzerland, today, he mentioned that members of Congress were “working very hard on crypto market structure legislation,” which he hopes to sign very soon to unlock new pathways for U.S. citizens to achieve financial freedom. He also said he is still working to ensure “America remains the crypto capital of the world.” He emphasized that he already signed the landmark GENIUS Act into law to bring regulatory clarity to stablecoin issuance and usage. Trump said regulating crypto is part of his agenda to ensure the U.S. stays ahead of China. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.