🚨 THE WHITE HOUSE HAS SET A MARCH 1 DEADLINE TO MOVE THE CRYPTO MARKET STRUCTURE BILL FORWARD.
The core issue has now been decided, and it goes against crypto firms and stablecoin holders: no yield on idle balances.
Today’s meeting was led directly by the White House, which brought draft text and controlled the discussion. Coinbase, Ripple, a16z, and crypto trade groups attended. Banks were represented through national banking associations.
The draft makes it clear that firms will not be allowed to offer rewards simply for holding stablecoins. The savings account style yield model is effectively off the table.
The debate has narrowed to whether rewards can be allowed only when tied to specific activities such as lending or other structured use.
The draft also gives the SEC, Treasury, and CFTC the power to enforce the ban on idle stablecoin yield, with penalties of up to $500,000 per violation per day.
Banks are still pushing for a deposit outflow study to examine whether payment stablecoins could reduce traditional bank deposits. However, the broader market structure bill is still viewed as positive for crypto overall.
It aims to create clearer rules around custody, exchange oversight, token classification, and the roles of the SEC and CFTC. A formal framework would reduce regulatory uncertainty that has limited institutional participation.
For crypto firms, clarity on what is allowed and what is not could unlock more long term capital, even if certain yield models are restricted.
Talks will continue this week, and an end of month agreement is realistic.
After that, a formal framework could be ready by March 1, and the bill would move to the next stage.
2 targets of $WLFI has been hit so far, now it is consolidating below the resistance of target 1. To keep the continue the bullish momentum WLFI must make a day close above target 1 that is 0.12$
Breaking 🚨: CME Group to make crypto products available for 24/7 trading in May.
The products will trade continuously on CME Globex, the exchange's electronic trading platform, with a minimum two-hour maintenance window each weekend. Trades executed during weekends or holidays will also be assigned the next business day's date for clearing, settlement and regulatory reporting.
Dolomite ( $DOLO ) is continuously surging since last 3 weeks. After forming a new all time low at 0.028$. The price can surge more if the market sentiments remain positive.
Rune coin is forming symmetric triangle and making a pullback from the support of the symmetric channel. If Rune break and close above the trend line of this symmetric channel we might see rune surging to 0.42$ this is my trade setup waiting for the entry.
Oil prices could spike as much as 15 dollars a barrel if US-Iran conflict moves from 'rhetoric to action'
Oil prices have re-crested their highest levels since last summer as traders closely watch the potential for a military strike by the United States against Iran. Where they go from here, according to analysts and oil market experts, depends on whether rhetoric from the Trump administration turns into action
The $OM coin is pumping since Monday after when Binance announced that they will support network on Mantra (OM) The price can surge to 0.085$-0.1$ on short term.
$BNB Binance Coin might retest $550 support before moving towards $800. BNB is moving downward trade near $600. There are higher chances that the price of BNB may fall to $580 to $550 before making a pullback
Inj is consolidating a inside a falling wedge chart pattern followed by multiple higher higher highs and higher lows. INJ pump nearly 13% today after the network upgradation on EVM.
If INJ breaks and closes above this trendline boundary, it could extend the rally toward the key psychological level at $5.4
The Relative Strength Index (RSI) reads 45, pointing upward toward the neutral level of 50, indicating fading bearish momentum. For the bullish rally to be sustained, RSI must move above the neutral level of 50. The Moving Average Convergence Divergence (MACD) showed a bullish crossover on Saturday, further supporting the positive outlook.