The post Trump’s ‘Very Soon’ Crypto Bill Meets Congressional Gridlock appeared on BitcoinEthereumNews.com. President Donald Trump declared at the World EconomicThe post Trump’s ‘Very Soon’ Crypto Bill Meets Congressional Gridlock appeared on BitcoinEthereumNews.com. President Donald Trump declared at the World Economic

Trump’s ‘Very Soon’ Crypto Bill Meets Congressional Gridlock

President Donald Trump declared at the World Economic Forum in Davos on Wednesday that he hopes to sign crypto market structure legislation “very soon.” However, the legislation remains gridlocked in Congress, exposing a widening gap between presidential ambition and legislative reality.

The standoff between Coinbase and banking lobbyists over stablecoin yields threatens to derail what lawmakers call a once-in-a-generation regulatory window—risking a two-year delay that could push crypto business overseas.

Sponsored

Sponsored

Trump: “Bitcoin, All of Them”

“Now Congress is working very hard on crypto market structure legislation, which I hope to sign very soon, unlocking new pathways to reach financial freedom,” Trump said during his Davos speech. While reading from prepared remarks, the president briefly looked away from the teleprompter to add, “Bitcoin, all of them.”

The statement came just days after the Senate Banking Committee abruptly canceled its scheduled markup. Trump’s remarks read as a direct pressure campaign on lawmakers.

Banking Committee Delayed, Agriculture Committee Moves Forward

The crypto market structure bill is being handled by two Senate committees simultaneously. The Banking Committee oversees securities-related regulations, while the Agriculture Committee handles commodity regulations. Both bills must pass and be merged before reaching the full Senate floor.

The Banking Committee postponed last week’s markup after Coinbase withdrew its support. This week, the committee shifted focus to Trump’s housing affordability push. The crypto bill is now expected in late February or March.

Meanwhile, Senate Agriculture Committee Chairman John Boozman released the text of the Digital Commodity Intermediaries Act on Wednesday, confirming the committee will proceed with its Jan. 27 markup. Boozman acknowledged, however, that bipartisan negotiations with Sen. Cory Booker failed to reach an agreement.

Sponsored

Sponsored

The Core Conflict: Stablecoin Yield

Coinbase’s opposition centers on provisions related to stablecoin yield. The GENIUS Act, signed by Trump last year, allows stablecoin holders to earn rewards—effectively interest payments. These yields can exceed traditional bank deposit rates, prompting banking industry lobbyists to push for restrictions in the new market structure bill.

Coinbase CEO Brian Armstrong withdrew support, stating, “We’d rather have no bill than a bad bill.” In a Bloomberg interview at Davos, Armstrong doubled down: “The bank lobbying groups and bank associations are out there trying to ban their competition, and I have zero tolerance for that. I think it’s un-American.”

White House Fires Back at Coinbase

The White House responded sharply. Patrick Witt, executive director of Trump’s digital assets council, publicly criticized Armstrong’s stance.

Sponsored

Sponsored

He warned that if crypto industry players obstruct the bill’s passage now, they would be “fumbling the ball” with potentially disastrous consequences.

Lawmakers Fear Falling Behind

In interviews with Fox Business, lawmakers expressed growing frustration over the stalled legislation. Sen. Cynthia Lummis (R-WY), a leading crypto advocate who retires next year, expressed disappointment: “I feel a little bit like Flat Stanley after he got run over by the Mack Truck. I have 11 more months to work on this and get it done.”

Blockchain Association CEO Peter Smith warned of severe consequences: “If this doesn’t pass now—and it’s been worked on already for about a year-and-a-half—that will result in a significant delay after the midterms. This means, realistically, two more years of delay.”

Rep. William Timmons (R-SC) emphasized the economic stakes: “Tens of billions of dollars will come back to the US if Congress establishes a good framework. If not, everything related to crypto may go overseas.”

Sponsored

Sponsored

While lawmakers deliberate, markets are already advancing. The New York Stock Exchange announced plans to launch a blockchain-based tokenized securities trading platform featuring instant settlement and 24/7 operations.

Sen. Thom Tillis (R-NC) noted the urgency: “If we want to continue to be the gold standard for worldwide banking, then we also have to get crypto right because it is, no question, a part of the future of top-tier banking systems.”

What’s Next

The battle lines are clear. The Trump administration wants swift passage, Coinbase treats stablecoin yield restrictions as a red line, and banking lobbyists demand those restrictions remain.

The Agriculture Committee’s bill focuses on CFTC jurisdiction over digital commodity spot markets and doesn’t directly address the stablecoin yield issue, suggesting the Jan. 27 markup will proceed. However, a complete market structure framework requires the Banking Committee’s bill to pass and merge with it.

The resolution of the Coinbase-banking lobby standoff over stablecoin yields remains the critical variable. Despite White House pressure, Armstrong shows no signs of backing down.

Source: https://beincrypto.com/trumps-very-soon-crypto-bill-congress-gridlock/

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$4.516
$4.516$4.516
-1.48%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week

Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week

TLDR Bitcoin ETFs recorded their strongest weekly inflows since July, reaching 20,685 BTC. U.S. Bitcoin ETFs contributed nearly 97% of the total inflows last week. The surge in Bitcoin ETF inflows pushed holdings to a new high of 1.32 million BTC. Fidelity’s FBTC product accounted for 36% of the total inflows, marking an 18-month high. [...] The post Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week appeared first on CoinCentral.
Share
Coincentral2025/09/18 02:30
XAG/USD retreats toward $113.00 on profit-taking pressure

XAG/USD retreats toward $113.00 on profit-taking pressure

The post XAG/USD retreats toward $113.00 on profit-taking pressure appeared on BitcoinEthereumNews.com. Silver price (XAG/USD) halts its seven-day winning streak
Share
BitcoinEthereumNews2026/01/30 10:21
BTC Leverage Builds Near $120K, Big Test Ahead

BTC Leverage Builds Near $120K, Big Test Ahead

The post BTC Leverage Builds Near $120K, Big Test Ahead appeared on BitcoinEthereumNews.com. Key Insights: Heavy leverage builds at $118K–$120K, turning the zone into Bitcoin’s next critical resistance test. Rejection from point of interest with delta divergences suggests cooling momentum after the recent FOMC-driven spike. Support levels at $114K–$115K may attract buyers if BTC fails to break above $120K. BTC Leverage Builds Near $120K, Big Test Ahead Bitcoin was trading around $117,099, with daily volume close to $59.1 billion. The price has seen a marginal 0.01% gain over the past 24 hours and a 2% rise in the past week. Data shared by Killa points to heavy leverage building between $118,000 and $120,000. Heatmap charts back this up, showing dense liquidity bands in that zone. Such clusters of orders often act as magnets for price action, as markets tend to move where liquidity is stacked. Price Action Around the POI Analysis from JoelXBT highlights how Bitcoin tapped into a key point of interest (POI) during the recent FOMC-driven spike. This move coincided with what was called the “zone of max delta pain”, a level where aggressive volume left imbalances in order flow. Source: JoelXBT /X Following the test of this area, BTC faced rejection and began to pull back. Delta indicators revealed extended divergences, with price rising while buyer strength weakened. That mismatch suggests demand failed to keep up with the pace of the rally, leaving room for short-term cooling. Resistance and Support Levels The $118K–$120K range now stands as a major resistance band. A clean move through $120K could force leveraged shorts to cover, potentially driving further upside. On the downside, smaller liquidity clusters are visible near $114K–$115K. If rejection holds at the top, these levels are likely to act as the first supports where buyers may attempt to step in. Market Outlook Bitcoin’s next decisive move will likely form around the…
Share
BitcoinEthereumNews2025/09/18 16:40