On Jan. 12, a draft US crypto market structure bill incorporating Blockchain Regulatory Certainty Act provisions sparked opposition from Senate Judiciary leaders Charles Grassley and Richard Durbin. They urged Senate Banking Committee chair Tim Scott and Elizabeth Warren to remove protections for crypto developers, warning the language would weaken unlicensed money transmitting laws and create an enforcement gap for decentralized platforms. The bill must clear the Banking and Agriculture Committees and secure 60 votes in the Senate, while major industry lobbyist Coinbase has already withdrawn its support over multiple provisions.

Crypto mining hardware maker Canaan Inc. disclosed on Friday that it received a Nasdaq notice on Wednesday after its shares traded below $1 for 30 consecutive business days. The firm has until July 13 to lift its closing bid to at least $1 for a minimum of 10 straight trading sessions or risk being removed from the exchange, with a possible extension involving a reverse stock split.

Kalshi can continue operating in Tennessee after a federal judge granted its request for a temporary restraining order against state regulators. The ruling blocks enforcement of cease-and-desist demands over alleged unlicensed sports event contracts until a preliminary injunction hearing set for Jan. 26.

Seven Labour MPs who chair UK parliamentary committees have written to Prime Minister Keir Starmer asking for a ban on political donations in cryptocurrency to be written into an upcoming elections bill. They argue that crypto-based funding can obscure the source of money, enable undisclosed micro-donations and increase the risk of foreign interference, a move that could particularly impact Reform UK's previously announced plans to accept crypto.

New York Assembly member Clyde Vanel has reintroduced the ORACLE Act, a bill seeking to curb which event contracts platforms like Kalshi and Polymarket can list in the state. The proposal would prohibit certain prediction markets tied to sports matches, political outcomes, deaths, catastrophic events and public company stock prices, while imposing fines of $1 million per day on noncompliant operators. It also requires platforms to offer user self-exclusion tools and limits on time and money spent.

On Monday, the American Bankers Association's Community Bankers Council sent a letter to the US Senate calling for amendments to the GENIUS Act to block exchanges and other partners from offering yield on stablecoins. The bankers argue that current rules allow third-party rewards programs to divert funds away from community bank lending and want a crypto market structure bill to explicitly prohibit affiliates of stablecoin issuers from paying interest.

US IPOs in 2025 posted a 13.9% weighted gain, lagging the S&P 500's 16% as several crypto and AI listings struggled to sustain early momentum. Circle's $1.05 billion June debut surged 170% on day one but later pulled back alongside Bitcoin weakness, while Gemini and Bullish ended the year below early highs. Larger offerings outperformed mid-sized deals, with mega-issues beating $500 million to $1 billion floats.

On Monday, major US-listed crypto companies posted double-digit gains as the digital asset market advanced to multi-week highs. Bakkt shares climbed nearly 31.5%, while Bitcoin treasury firm Kindly MD and Trump-linked miner American Bitcoin also saw strong double-digit increases. Bitcoin rose to a 24-hour peak above $94,600 and Ether briefly traded above $3,200, both marking their highest levels in weeks.

Large holders moved about $2.4 billion in Bitcoin and Ether to Binance over the past week. According to CryptoOnchain in a note to CryptoQuant on Sunday, the buying power has not materialized, with stablecoin net inflows essentially flat at $42 million and mostly shifting between Ethereum and Tron; analysts warn this points to sell-side pressure.