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Market structure restructuring ↔️

Market structure restructuring ↔️

Horse-trading over the Clarity Act continued as banks secured a win over stablecoin yield, while a draft provision carved out a "non-ancillary" legal status for tokens like XRP.

Stephen Graves
January 13, 2026

📝 What you need to know

Horse-trading over the Clarity Act continued on Capitol Hill this week, with the markup of the crypto market structure legislation in the Agriculture Committee pushed back to late January.

Banks secured a key win in the fight over stablecoin yield, with an updated draft blocking digital asset service providers from paying “any form of interest of yield” solely for holding payment stablecoins—though exemptions apply for activty-based rewards.

Meanwhile, a draft provision created a “non-ancillary” legal states for crypto assets that were part of a listed ETF as of January 1, 2026—effectively giving assets including XRP, Dogecoin and Solana a regulatory status akin to that of Bitcoin and Ethereum.

Banks Win Key Battle as Crypto Bill Bars Stablecoin Interest Payments

An updated Senate draft of the market structure bill prohibits yield "solely in connection with the holding of a payment stablecoin."

📰 In the News

Crypto Bill Draft Grants XRP, Solana and Dogecoin Same Legal Status as Bitcoin

The draft provision would treat tokens as “non-ancillary” assets, exempt from SEC securities rules, if they were in an ETF by 2026.

Kraken-Linked SPAC Eyes $250 Million US Public Offering

KRAKacquisition Corp., a newly formed blank check firm linked to crypto exchange Kraken, proposed a $250 million public offering.

Bitcoin's Four-Year Cycle Broken: VanEck

The investment manager sees a split Bitcoin outlook but is bullish on gold and AI stocks, as political risks challenge traditional market anchors.

📊 Myriad Market of the Day

XMR - above or below $600 on Monday at noon UTC?

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😂 Meme of the Day

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Crypto Needs 'Better Decentralized Stablecoins', Says Ethereum Founder Vitalik Buterin

Vitalik Buterin says today’s dollar‑pegged stablecoins leave crypto exposed to inflation, governance capture, and institutional control.

Eric Adams' NYC Token Crashes Amid Liquidity Extraction Allegations

On-chain data shows unexplained liquidity withdrawals as Eric Adam’s NYC token’s market cap continues to bleed.

📚 Watch and Learn

📹 WATCH: Crypto Wallets Can ‘Directly Compete With Neobanks'

Bitget Wallet CMO Jamie Elkaleh tells Decrypt how the platform is evolving from a crypto wallet to a everyday finance app that seamlessly integrates crypto with TradFi, building on its vision of "Crypto for Everyone."