Amid a US government shutdown with no end in sight, a Republican lawmaker said Congress had only until January or February to pass crypto legislation. North Carolina Senator Thom Tillis, a Republican member of the US Senate Banking Committee, reportedly warned that Congress has only a few months left to advance crypto legislation before election politics stall progress. According to a Monday Bloomberg report, Tillis said the 2026 midterm elections would likely hamper progress on any crypto bills currently moving through Congress, such as the market structure framework passed by the House of Representatives in July, which is currently under consideration in the Senate. Tillis said lawmakers should act “by the first part of January, February” to get any legislation passed in the current session, which ends in January 2027. Read more
Bloomberg analyst Eric Balchunas says exchanges have posted listing notices for Bitwise’s Solana ETF and Canary’s Litecoin and Hedera funds. Crypto markets may see another wave of exchange-traded fund debuts this week, with Solana, Litecoin and HBAR funds appearing in US exchange listings ahead of a potential launch on Tuesday. According to Bloomberg analyst Eric Balchunas, US exchange listing notices have appeared for Bitwise’s Solana (SOL) ETF and Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs, with the funds slated to go live on Tuesday. In an X post on Monday, Balchunas said Grayscale’s Solana Trust is expected to convert to an ETF the following day. Read more
Citi partners with Coinbase to pilot stablecoin payments as the bank forecasts a $4 trillion market by 2030, signaling Wall Street’s growing crypto embrace. Citigroup could become one of Wall Street’s first major banks to offer stablecoin payment services, marking a potential milestone in the broader adoption of tokenized dollars following the passage of the GENIUS Act earlier this year. According to Bloomberg, Citi has partnered with crypto exchange Coinbase to expand its digital asset capabilities, initially focusing on making it easier for clients to move funds between fiat and crypto. Debopama Sen, Citi’s head of payments, said the bank’s clients are increasingly seeking programmability, conditional payments and greater speed and efficiency, alongside round-the-cock payment access. Read more
Just a few weeks after a Singaporean court approved WazirX's parent company's restructuring plan, a decision out of one of India's courts could impact users. An Indian high court issued a ruling that could impact how cryptocurrency exchanges handle claims filed by users following a hack or other incident potentially affecting their holdings. In a ruling delivered on Saturday, Justice N. Ananad Venkatesh of India’s High Court of Judicature at Madras ordered crypto exchange WazirX’s operator, Zanmai Lab, to furnish a bank guarantee for about $11,800 as part of arbitration proceedings brought by a user over 3,532 XRP (XRP) holdings. Zanmai has custody of the tokens, which were frozen after a 2024 cyberattack resulted in the loss of about $235 million worth of crypto. “Since the cyber attack took place, there are insufficient crypto currency tokens attributable to the platform’s user liabilities to satisfy unsecured crypto currency claims of its users,” said the Saturday filing. Read more
XRP could surge to $3 amid strong bullish signals, including Evernorth’s $1 billion accumulation and a growing supply shock at exchanges. Key takeaways: XRP fractal indicates a 12% to 18% rally in November. On-chain data reveals the highest XRP withdrawal on record, boosting its bullish odds. Read more