US Senate Crypto Bill Delay and Institutional ETF Demand Drive Market Moves
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Bitcoin and XRP Rally Amid US Senate Crypto Bill Delays and ETF Inflows
January 16, 2026
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Today’s Setup
US Senate Crypto Bill Delay and Institutional ETF Demand Drive Market Moves
Regulatory Delay: The US Senate postponed the crypto market structure bill markup after Coinbase withdrew support, triggering uncertainty but ongoing bipartisan negotiations.
Institutional Flows: Bitcoin and Ethereum options worth nearly $3 billion are expiring amid renewed spot ETF inflows exceeding $1.7 billion, supporting price rallies.
Stablecoin Risks: Bank of America warns yield-bearing stablecoins could shift up to $6 trillion out of traditional deposits, fueling regulatory debates.
Watch: Market sentiment and price action around Bitcoin’s key supports near $94,000 and XRP’s regulatory-driven momentum.
Top Stories
US Senate Delays Crypto Market Structure Bill as Coinbase Withdraws Support
The US Senate Banking Committee postponed the Digital Asset Market CLARITY Act markup after Coinbase CEO Brian Armstrong withdrew backing, citing concerns over stablecoin rewards and SEC authority. Bipartisan talks to resolve disagreements continue amid industry opposition.
Bitcoin Price Surges Above $97,000 on $1.7 Billion Spot ETF Inflow
Bitcoin climbed above $97,000, its highest in over two months, fueled by over $1.7 billion of spot ETF inflows in early January and sustained institutional demand. Whale balances also rebounded after a sell-off, but notable support levels near $94,000 remain key.
XRP Gains on Regulatory Wins and $150 Million Ripple Stablecoin Investment
XRP rose 14% amid Ripple securing EMI licenses in the UK and Luxembourg and investing $150 million to promote its RLUSD stablecoin for institutional use. Positive regulatory developments including the US Clarity Act reinforce bullish price outlooks.
Sources: CryptoNews, CoinDesk
Bank of America CEO Warns $6 Trillion Stablecoin Risk to Bank Deposits
Brian Moynihan cautioned that yield-bearing stablecoins might displace up to $6 trillion from traditional banking deposits, intensifying debates over stablecoin regulation in upcoming US Senate legislation.
CME Group to Launch Cardano, Chainlink, and Stellar Futures on February 9
CME Group announced plans to expand its crypto derivatives with futures contracts for Cardano, Chainlink, and Stellar, available in standard and micro contract sizes pending regulatory approval, broadening market access.
Also on the Wire
• Three House Democrats pressed the SEC over pausing enforcement against Tron founder Justin Sun amid accusations of selective enforcement.  ·  Cointelegraph
• Kaito token plunged after social platform X banned InfoFi crypto projects in API policy changes aimed at reducing spam.  ·  Decrypt
• California fined crypto lender Nexo $500,000 for unlicensed crypto-backed loans and failing to assess borrower creditworthiness properly.  ·  Cointelegraph
• A Utah man sentenced to three years for a $2.9 million fraud scheme involving unlicensed cash-to-crypto operations.  ·  Decrypt
• BitMine's shareholder meeting signals plans to control 5% of Ethereum’s supply with $1 billion in cash and strong retail onboarding strategies.  ·  BeInCrypto
• US spot Solana ETFs recorded a $23.6 million inflow reaching a four-week high, though experts warn it may not mark a sustained shift.  ·  Decrypt
• South Korea advances legislation to legalize issuance and trading of tokenized securities via licensed intermediaries, effective 2027.  ·  CryptoNews
• Texas-based homebuilder Megatel Homes receives SEC no-action letter allowing the launch of MegPrime, a crypto payments and rewards token.  ·  CryptoNews