Coinbase crypto exchange executes internal wallet migration

Coinbase CEO Brian Armstrong has publicly opposed a draft Senate bill concerning cryptocurrency, warning that it poses a threat to decentralized finance (DeFi) and tokenized equities, while also indicating potential overreach by the SEC. Senator Cynthia Lummis has suggested that discussions regarding the bill may be postponed.

Coinbase CEO Brian Armstrong has publicly rejected the U.S. Senate Banking Committee's latest draft of the CLARITY Act, arguing that it would worsen the regulatory environment for the cryptocurrency industry in the United States. Armstrong expressed concerns about the bill's implications for crypto operations and innovation.

Coinbase has withdrawn its support for a proposed cryptocurrency market structure bill, with CEO Brian Armstrong citing numerous issues with the legislation. This decision reflects ongoing challenges in the regulatory landscape for digital assets.

The Zcash Foundation announced the conclusion of an investigation by the U.S. Securities and Exchange Commission (SEC), which began with a subpoena regarding certain crypto asset offerings. This decision has led to a 12% increase in the price of Zcash's native token, ZEC, and a 39% surge in trading volume over the past 24 hours.

Bitcoin's price surged to a new high of $97,500, with market data indicating that bullish sentiment is driving expectations for prices to exceed $100,000. This rally suggests a potential return of the bull market in cryptocurrency.

Dash's price surged by 125% as traders shifted their focus to privacy coins, particularly following governance issues faced by Zcash. This shift indicates a growing interest in privacy-focused cryptocurrencies amid a volatile market.

Bitcoin exchange-traded funds (ETFs) have experienced significant fluctuations in early 2026, with traditional funds attracting $46 billion, while crypto funds lag behind amid a downturn in investor sentiment.