The White House is set to bring together senior figures from the banking and 
crypto industries on Monday in an effort to break the deadlock over the crypto 
market structure bill, namely the CLARITY Act, according to a Reuters report. 
The planned meeting comes as progress on the bill has stalled amid growing 
tensions between the two sectors over how digital assets should be regulated. 
White House Crypto Council To Lead Talks People familiar with the matter said 
the meeting will be organized by the White House’s crypto council and will 
include executives from several industry trade groups. Related Reading: 
Bitcoin Price Braces For FOMC Volatility As History Shows Major Post‑Fed 
Sell‑Offs Discussions are expected to focus on one of the most contentious 
aspects of the legislation: whether and how crypto firms should be allowed to 
offer interest or other rewards on customer holdings of stablecoins. The 
anticipated market structure legislation has been under consideration in the 
Senate for several months. It is intended to establish a comprehensive federal 
framework for regulating digital assets following the passage of the GENIUS 
Act last July. Stablecoin Rewards Clash With Bank Stability Fears The House of 
Representatives passed its version of the bill in July, but progress in the 
Senate has been slower. Earlier this month, the Senate Banking Committee was 
scheduled to debate and vote on the measure. However, the markup was postponed 
after cryptocurrency exchange Coinbase (COIN) withdrew its support for the 
bill and criticized various elements of it, including stablecoin rewards. 
Crypto representatives argue that offering rewards such as interest is 
essential to attracting and retaining customers. Related Reading: Crypto Funds 
Funneled To Money Launderers Hit $82 Billion, According To Chainalysis Banks, 
on the other hand, have raised alarms that allowing crypto platforms to pay 
yield on stablecoins could draw deposits away from insured lenders. Since 
deposits are the primary source of funding for most banks, industry 
representatives warn that a significant outflow could pose risks to financial 
stability. Featured image from OpenArt, chart from TradingView.com

White House To Host Crypto And Banking Leaders In Push To Break Regulatory Deadlock

Flare announced the launch of the FXRP/USDH spot market on Hyperliquid, 
expanding XRP’s onchain trading infrastructure and liquidity. The new market 
builds on the recent FXRP/USDC rollout and integrates XRP with USDH. From 
Payments to Programmability While some market observers cite XRP’s price 
stagnation as a sign of stagnant growth, new data from the Flare […]

Flare Positions FXRP as XRP’s Asset of Choice on Hyperliquid

More than a month after announcing plans to move deeper into prediction 
markets, Coinbase said that it would launch its offering for ”sports, 
politics, culture and more.”

Coinbase launches prediction markets in all 50 US states via Kalshi

Bitcoin briefly surged past $90,000 on Jan. 28 before retreating to trade 
between $89,300 and $89,600, with market cap peaking at $1.78 trillion. 
Contradicting ETF Trends Bitcoin briefly surged past the $90,000 milestone 
Jan. 28, fueled by reports that bitcoin transfers to Binance—the world’s 
largest cryptocurrency exchange—have plummeted to a monthly average of 5,700 
BTC. […]

Supply Squeeze: Bitcoin Reclaims $90,000 as Binance Inflows Hit 4-Year Low

As Wall Street and crypto players continue to clash over exemptions and 
oversight, the path forward for U.S. crypto regulation remains uncertain, 
leaving the industry in a state of cautious anticipation.

Cryptocurrency price in LKR