Micah Zimmerman

House Democrats are discussing a crypto market structure bill built on Rep. Maxine Waters' rejected Clarity Act amendments, with a bigger SEC role, a smaller CFTC role and new ethics limits on President Trump.

Bitcoin price holds near $80,000 after rebounding from an election-night low of $75,600, as a short squeeze, a stock rally and a 9% drop in oil follow the Democratic sweep of Congress.

Strategy’s STRC preferred hit $100 par on Wednesday for the first time since May, after billions in buybacks, a 12% dividend rate and a switch to daily payouts.

Block agreed in principle to a $764 million deferred-prosecution deal over anti-money-laundering failures at Cash App, a sum that exceeds its $566 million Q3 profit, while bitcoin gross profit fell 50% after the company cut trading fees.

Democrats are reportedly preparing subpoenas targeting President Trump's World Liberty Financial ties, its $500 million Emirati stake and the Changpeng Zhao pardon.

The Democratic sweep and Sherrod Brown’s return may kill the CLARITY Act for two years and may make any industry-backed version impossible as Democrats investigate Trump’s crypto ties, TD Cowen analysts write.

Riot has sold 20,264 bitcoin this year to fund AI data centers, leaving it with 2,418 BTC, while Hut 8 sold 3,102 to buy back $250 million of stock.

Circle cut about 5% of its workforce and booked a $9.1 million restructuring charge in a quarter where revenue rose 17% to $865 million.

Bitcoin trades near $79,000 after a dip to $75,600 as Democrats sweep both chambers of Congress.

Tether CEO Paolo Ardoino said in Lugano that the company holds about 150,000 bitcoin worth $11.5 billion.