US President Donald Trumps AI and crypto czar, David Sacks, has signaled that the White House may have all the pieces in place for digital asset regulation following the confirmation of Michael Selig to chair the Commodity Futures Trading Commission. In a Monday X post, David Sacks said the US was at a critical juncture for crypto regulation, and that Selig and Securities and Exchange Commission Chair Paul Atkins made up a dream team to define clear regulatory guidelines. We are at a unique moment as a wide range of novel technologies, products, and platforms are emerging, retail participation in the commodity markets is at an all-time high, and Congress is poised to send digital asset market structure legislation that will cement the US as the Crypto Capital of the World to the presidents desk, said Selig on X. Coinbase CEO Brian Armstrong said any attempt to reopen the GENIUS Act would cross a red line, accusing banks of using political pressure to block competition from stablecoins and fintech platforms.
In a Sunday post on X, Armstrong said he was impressed banks could lobby Congress so openly without backlash, adding that Coinbase would continue pushing back on efforts to revise the law. We wont let anyone reopen GENIUS, he wrote. My prediction is the banks will actually flip and be lobbying FOR the ability to pay interest and yield on stablecoins in a few years, once they realize how big the opportunity is for them. The GENIUS Act, passed after months of negotiations, bars stablecoin issuers from paying interest directly but allows platforms and third parties to offer rewards.
Bitcoin came just shy of hitting a milestone six figures when inflation is factored in, despite the cryptocurrency hitting an all-time peak of above $126,000 in October, says Galaxy head of research Alex Thorn. If you adjust the price of Bitcoin for inflation using 2020 dollars, BTC never crossed $100,000, Thorn said on Tuesday. It actually topped at $99,848 in 2020 dollar terms, if you can believe it.
Bitcoin and Ether exchange-traded funds have seen a prolonged streak of outflows, indicating that institutional investors have disengaged with crypto, said the analytics platform Glassnode. Since early November, the 30-day simple moving average of net flows into US spot Bitcoin and Ether ETFs has turned negative, Glassnode said on Tuesday. This persistence suggests a phase of muted participation and partial disengagement from institutional allocators, reinforcing the broader liquidity contraction across the crypto market, it added. The ETFs are also considered a bellwether for institutional sentiment, which has been a market driver for most of this year but seemingly turned bearish as the wider market has contracted.
Bitcoin (BTC) is at $87,458, Ether (ETH) at $2,922 and XRP at $1.84. The total market cap is at $2.96 trillion, according to CoinMarketCap. Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are MYX Finance (MYX) at 16.85%, ZCash (ZEC) at 15.00% and Dash (DASH) at 14.21%. The top three altcoin losers of the week are Aave (AAVE) at 14.58%, Mantle (MNT) at 10.65% and Story (IP) at 10.06%.
David Sacks’ framing of a U.S. crypto regulation “dream team” underscores a broader push toward clearer rules as Michael Selig’s confirmation to chair the CFTC signals a potential regulatory hinge point. Reports describe Selig alongside SEC Chair Paul Atkins as figures positioned to define practical guidelines as Congress contemplates a digital asset market structure bill, potentially cementing U.S. leadership in crypto oversight. Separately, Coinbase CEO Brian Armstrong has framed the GENIUS Act debate as a red-line issue, arguing that reopening the GENIUS Act would enable banks to tilt competition through political pressure against stablecoins and fintechs, while also predicting a future shift in bank lobbying to support interest-bearing opportunities on stablecoins.
In the meantime, inflation-adjusted analyses suggest Bitcoin’s real-term high would not have surpassed $100,000, even as nominal peaks exceeded $126,000 last October, highlighting how price power and macro dynamics shape perceptions of value in the crypto space. Meanwhile, Glassnode’s data indicate a persistent outflow from crypto ETFs, signaling ongoing institutional caution and liquidity constraints as Bitcoin trades near mid-$80k levels and the market cap hovers around $3 trillion.
David Sacks frames a U.S. crypto regulation “dream team” ahead of Michael Selig’s confirmation to chair the CFTC, signaling a potential hinge point for clear rules as Congress weighs a digital asset market structure bill. Reports describe Selig alongside SEC Chair Paul Atkins as the figures positioned to define practical guidelines and cement U.S. leadership in crypto oversight. Separately, Coinbase CEO Brian Armstrong warns that reopening the GENIUS Act would cross a red line, accusing banks of pressuring Congress to curb competition from stablecoins and fintechs.
He also predicts banks may shift to supporting interest-bearing opportunities on stablecoins as the market expands. In the meantime, inflation-adjusted analyses show Bitcoin’s real-term high would not have surpassed $100,000, even though nominal peaks exceeded $126,000 last October. Glassnode reports a persistent ETF outflow, signaling ongoing institutional caution as Bitcoin trades in the mid-$80,000s and the broader market cap hovers near $3 trillion.
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