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Bank of America CEO Brian Moynihan told analysts that up to $6 trillion in commercial bank deposits could migrate to stablecoins if legislation allows interest payments on digital dollar holdings. The figure represents roughly 30% to 35% of total U.S. commercial bank deposits. Moynihan attributed th

Senate Banking Committee Chair Tim Scott and key crypto industry executives insist the CLARITY Act remains on track for passage despite Coinbase's surprise withdrawal of support, which forced the cancellation of a scheduled markup session and exposed deep divisions over the direction of U.S. market

Brian Armstrong said Coinbase can no longer support the U.S. Senate’s crypto market structure bill as currently drafted, a move revealing growing fractures between lawmakers and the cryptocurrency industry over how digital assets should be regulated. Armstrong said the company reviewed the Senate Ba

Bitcoin (BTC) breaking the $96,000 level on Wednesday has been supported more by market structure than by sustained demand, according to a report from Glassnode, which warns that volatility risk is being postponed rather than resolved. Bitcoin on Wednesday evening was trading at $97,500, up 3.5% at

Coinbase threatened to withdraw support for landmark crypto legislation ahead of this week's Senate vote, as a deepening dispute over stablecoin rewards threatens to derail the bill entirely. The Digital Asset Market Clarity Act faces a critical markup in the Senate Banking Committee on Wednesday. B