Several crypto industry executives and advocacy groups have warned that amending the GENIUS Act, the regulatory framework for stablecoins, as demanded by the banking industry, to restrict the provision of yields to stablecoin holders through third parties could weaken the United States' competitiveness in the global financial system and even constitute a "national security trap." Pro-crypto lawyer John Deaton stated that banning stablecoin yield mechanisms could actually incentivize the market to shift towards China's interest-bearing digital yuan, thereby weakening the dollar's status. The crypto industry organization Blockchain Association pointed out that there is currently no evidence that the development of stablecoins will undermine the traditional banking system; such amendments are more likely a competitive obstruction by large banks after an existing bipartisan consensus has been reached. Alexander Grieve, Vice President of Government Affairs at Paradigm, also warned that overturning existing incentive arrangements would waste legislative progress. Meanwhile, Galaxy Digital CEO Mike Novogratz stated bluntly that it would be a mistake for the United States to withdraw relevant rules due to industry pressure. (Cointelegraph)

Alexander Grieve, Vice President of Government Affairs at Paradigm, pointed out in an article that some bank lobbying groups are pushing to tighten the existing provisions of the GENIUS Act regarding stablecoin rewards in crypto market structure legislation, attempting to limit stablecoin rewards to "merchant-oriented transactions." This approach is economically illogical. Grieve stated that comparing stablecoins to credit card products is a regulatory misalignment. Stablecoins are essentially "debit-like" instruments; their core revenue source is not transaction fees, but the continuous returns generated by reserve assets (such as US Treasury bonds) during the holding period. Their value is related to the asset size, not the frequency of transactions. Allowing rewards to be distributed to users only in consumption scenarios is equivalent to imposing an "implicit holding tax" on stablecoin holdings, causing the returns to be retained by intermediaries. He pointed out that this move is not only detrimental to individual and corporate users, but may also weaken the international competitiveness of the US stablecoin ecosystem, prompting funds and businesses to flow overseas. Grieve emphasized that the economic mechanism of stablecoins should be designed around the characteristic of "value generation through holding," otherwise it will undermine the original legislative intent of the GENIUS Act to promote innovation.

Brazilian presidential candidate and founder of the Missão party, Renan Santos, recently stated on a podcast that Brazil should consider establishing a national Bitcoin reserve, calling the proposal "realistically feasible." He pointed out that some countries have already begun exploring similar approaches, and Brazil could gradually build a Bitcoin reserve system. Santos stated that his campaign platform already includes Bitcoin-related content and believes that blockchain technology can serve as a tool for improving transparency and combating corruption in the public sector. Previously, the Brazilian Congress held public hearings on the issue of a strategic Bitcoin reserve, with discussions initiated by pro-crypto lawmakers. The Brazilian presidential election will be held this October. (DL News)

According to Odaily, the Senate Agriculture Committee is scheduled to hold a hearing on the structure of the cryptocurrency market on January 15. This hearing coincides with a similar session planned by the Banking Committee on the same day.

The Senate Agriculture Committee will hold a deliberation on cryptocurrency market structure on January 15, the same day as the Banking Committee's deliberation. (Cointelegraph)

The Democrats have a 79% chance of regaining control of the U.S. House of Representatives in 2026!

Billionaire Tim Draper, who has invested in crypto projects such as Coinbase, Ledger, and Tezos, wrote on the X platform that 2026 will be a significant year, with trillion-dollar companies opening IPO windows, manned lunar landings becoming a reality, biotherapy extending people's lifespans, and Bitcoin becoming mainstream and achieving its goal of reaching $250,000 in price.

Euro-area inflation has stabilized around the ECB’s 2% target, showing price stability. source: https://www.cryptopolitan.com/ecbs-pereira-says-price-stability-achieved/

According to GMGN data, the market capitalization of WhiteWhale, the Meme coin in the Solana ecosystem, has surpassed $100 million, currently trading at approximately $106 million, representing a daily increase of over 20%. Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

Gate has added GateAI, an AI-powered market analysis tool, to its trading app to help users understand market data. source: https://www.cryptopolitan.com/gate-adds-ai-powered-market-analysis-tool/

The Senate Agriculture and Banking Committees will hold markups on January 15 for a major bill on crypto market structure. source: https://www.cryptopolitan.com/u-s-senate-committees-set-jan-15-markups/

The Crypto Asset Reporting Framework (CARF), developed by the Organization for Economic Cooperation and Development (OECD), aims to combat cryptocurrency tax evasion globally.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2930, providing you with the latest and fastest news on the digital currency and blockchain industry.

This article discusses a "structural reality" that we have to face—unless you put your Bitcoin in a cold wallet, it is almost impossible not to use shadow Bitcoin.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Privacy, DeFi, a16z's "Privacy Trends in 2026" - Golden Finance: Privacy will become the most important moat in the cryptocurrency field this year.

As we enter 2026, Ethereum is at a critical turning point, and the market is full of expectations for its structural market trend.

Stablecoins, Liu Yiru: The Global Game of Stablecoins, Golden Finance, The Digital Defense Line of Dollar Hegemony and Global Financial Changes.

The biggest reason our economy can maintain a growth rate of over 5% in 2025 is exports. If this is hindered in 2026, what will replace them?

Over the past week, global financial markets have once again been enveloped by a familiar yet unsettling tone.