Month: January 2026

Senate Banking Cancels Crypto Market Structure Bill Markup

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Senate Banking Committee Chairman Tim Scott says further negotiations to garner bipartisan support for a key crypto-regulating bill are needed before it can advance. The US Senate Banking Committee has cancelled its markup of a crypto market structure bill slated for Thursday, citing the need for further negotiation. Committee Chairman Tim Scott said late on Wednesday local time in Washington, DC, that the committee is postponing its markup of the crypto bill to continue bipartisan negotiations to garner support. “I’ve spoken with leaders across the crypto industry, the financial sector,…

US government confirms no plan to remove Fed Chair Powell despite ongoing investigation

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Key Takeaways President Trump has no immediate plans to remove Fed Chair Jerome Powell despite an ongoing DOJ investigation. The investigation is about cost overruns for a project at the Fed headquarters, which Powell claims is a pressure tactic. Share this article US President Donald Trump stated he does not plan to dismiss Fed Chair Jerome Powell after the Justice Department initiated a criminal investigation tied to a $2.5 billion Fed renovation project, Reuters reported Wednesday. Powell has accused the administration of using the probe to influence the central bank’s…

Bitcoin Price Clears the Ceiling—Is $100K the Next Test?

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Bitcoin price started a fresh increase above $95,500. BTC is trading above $96,000 and might soon aim for a move to $100k in the near term. Bitcoin started a decent increase above $94,000 and $95,500. The price is trading above $95,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $95,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it stays above the $95,000 zone. Bitcoin Price Breaks Key Resistance…

Bitcoin Topped $96K In 2-Month High, Approaches Crucial Bull Market Indicators 

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Bitcoin prices have reached their highest point in 2026, sparking predictions of a return to six figures this month. Bitcoin topped $96,000 on Coinbase in early trading in Asia on Wednesday morning, according to TradingView. It is the highest price the cryptocurrency has reached since November 16, marking a two-month high. BTC has now gained 9% since the beginning of 2026, as fears and panic from October’s record liquidation event are put behind us. The move came after US President Trump urged Federal Reserve chair Jerome Powell to cut…

US Senator Hints Crypto Market Structure Bill May Be Delayed

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The debate over DeFi and stablecoin reward provisions in the CLARITY Act is at risk of holding the bill back as banking and crypto stakeholders push competing agendas. US Senator Cynthia Lummis reportedly expects the US Senate Banking Committee to delay its hearing on crypto market structure legislation after Coinbase withdrew support for the bill. There were already some murmurs of a CLARITY Act Senate markup delay on Wednesday, which were heightened following an X post from Bloomberg reporter Steven Dennis on Wednesday night, stating: “Lummis tells me her recommendation…

Ripple Secures Preliminary Electronic Money Institution License in Luxembourg

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Ripple has secured another license, this time in Luxembourg, showcasing the company’s focus on expanding toward the European market. Ripple announced that they’ve managed to secure their preliminary Electronic Money Institution license approval from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. In a nutshell, this license, once granted in full, will allow Ripple to issue digital cash, also commonly referred to as e-money, and provide digital payment services like digital wallets, prepaid cards, processing payments, money transfers, and more, within the jurisdictions regulated by the CSSF.…

XRP Compresses At A Breakout Line — Structure Says Expansion Is Brewing

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XRP is tightening up at a critical breakout level, with price action suggesting the market is coiling for its next decisive move. While short-term volatility has cooled, the broader structure remains constructive, pointing to a potential expansion phase as compression builds near key resistance. XRP Compresses Into A Critical $2.30–$2.40 Decision Zone According to a latest update from Egrag Crypto, the XRP 3-day chart continues to flash strong bullish signals despite recent consolidation. Price action remains constructive, with XRP compressing inside a descending channel as it approaches a crucial decision…

Coinbase Withdraws Support For Crypto Market Structure Bill

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Major US crypto exchange Coinbase says it has withdrawn its support for the Digital Asset Market Clarity Act, with CEO Brian Armstrong arguing that it would cause far more harm than good to the crypto industry in its current form. “This version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft,” Armstrong said in an X post on Wednesday. “After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately…

Coinbase opposes Senate crypto bill, warns of SEC overreach and DeFi bans

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Key Takeaways Coinbase CEO Brian Armstrong opposes the current Senate draft, warning it could restrict tokenized equities, privacy in DeFi, and stablecoin rewards. A new Coindesk report says Sen. Cynthia Lummis indicated the hearing may be postponed, despite the initial plan to amend and vote Thursday. Share this article Coinbase CEO Brian Armstrong said the exchange will not support the current Senate Banking Committee crypto bill, citing provisions that could ban tokenized equities, restrict DeFi, and kill stablecoin rewards. https://x.com/brian_armstrong/status/2011545247105355865 In a post after reviewing the draft over 48 hours,…

Bitcoin (BTC) Breaks $94K Barrier After 54 Days: What’s Ahead?

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Bitcoin jumped past $94K after 54 days of consolidation, reaching $96.8K, as analysts point to $105K–$106K as the next key target. Bitcoin has moved above $94,000 after staying in a tight range for more than seven weeks. The breakout has shifted market focus to higher levels, with $105,000 to $106,000 now being watched. The breakout, marked by increased trading activity, pushed Bitcoin sharply higher, reaching $96,800, a two-month high. At press time, the asset traded at around $95,000, indicating a more than 3% increase in the past 34 hours.…