Overview
- President Trump told a Davos audience he hopes to sign comprehensive crypto market-structure legislation "very soon."
- Coinbase’s withdrawal over proposed limits on stablecoin rewards prompted the Senate Banking Committee to postpone its planned markup.
- The Senate Agriculture Committee plans to release its own draft today with a vote expected next week to keep the effort alive.
- White House advisors Patrick Witt and David Sacks pressed for a compromise on yield, cautioning that blocking a deal now could lead to tougher future legislation.
- Coinbase CEO Brian Armstrong is meeting with bank leaders in Davos to seek a stablecoin-yield agreement and has accused banking lobbyists of trying to shut out competition.