[News Brief] Apr 22, morning | Coinbase CEO Urges Immediate Passage of U.S. Digital Asset Regulation Bill

Coinbase CEO Urges Immediate Passage of U.S. Digital Asset Regulation Bill

Coinbase CEO pushed back against JPMorgan and called for the immediate passage of the U.S. digital asset regulation bill, the CLARITY Act, according to @pete_rizzo_.

He said, “Banks got what they wanted, and crypto companies got clear rules,” adding that “50 million Americans are waiting.”

The CLARITY Act is designed to clarify digital asset market structure and regulatory jurisdiction in the United States, and the industry is closely watching whether it will resolve regulatory uncertainty.

U.S. House Ways and Means Committee Begins Hearing on Bitcoin Tax Reform

Source: @pete_rizzo_

The U.S. House Ways and Means Committee has begun a hearing on Bitcoin tax reform, Pete Rizzo said on X.

He noted that a proposal to apply a 0% tax rate to everyday Bitcoin payments is being discussed. However, this remains at the hearing stage, and passage of any related legislation has not been determined.

211.20 Million USDC Moved to Coinbase

According to Whale Alert, 211,203,228 USDC was transferred from an anonymous wallet to Coinbase.

The transfer was worth approximately $211,086,011. Large stablecoin inflows to exchanges can be interpreted as capital waiting to buy, though actual buying activity has not been confirmed.

Wall Street Expands Introduction of Crypto and Tokenized Products

According to Axios, Wall Street financial institutions are expanding the introduction of crypto and tokenized products, narrowing the gap with the traditional crypto industry.

Kraken Co-CEO David Ripley said that nearly every traditional financial firm will end up offering crypto assets such as Bitcoin and Ethereum to clients, naming this as a key trend for 2026.

He explained that the spread of stablecoins has demonstrated demand for holding traditional assets on blockchain, and that the next step will be the tokenization of assets such as public equities.

Kraken plans to offer retail investors tokenized pre-IPO equity, broadening access to the early growth stages of major companies.

Nasdaq is also pushing to extend trading hours. As artificial intelligence, stablecoins, tokenization, and 24-hour trading converge, financial markets are moving in a more digital direction.

Losses Deepen in U.S. Stock Market

According to Odaily, based on MSX.COM data, losses in the U.S. stock market widened, with the S&P 500 down 1.33% and the Nasdaq Composite down 2.26%.

The larger decline in the tech-heavy Nasdaq could weigh on investor sentiment toward risk assets such as cryptocurrencies.

1,625 BTC Moved Between Anonymous Wallets

According to Whale Alert, 1,625 BTC was transferred from one anonymous wallet to another.

The transfer was worth approximately $100.31 million. Since exchange inflow has not been confirmed, it is difficult to conclude that this represents immediate selling pressure.

S&P 500 Short Position Expanded to $147.60 Million

According to Odaily, on-chain data shows that a whale investor increased an S&P 500 short position to $147.60 million.

The position is currently showing an unrealized profit of $2.977 million. The S&P 500 is a benchmark index tracking large-cap U.S. equities, and an increase in short positioning represents a bet on further market declines.

International Oil Prices Plunge

According to Odaily, based on Gate data, WTI crude oil futures fell 5% to $86.747 per barrel.

Brent crude futures fell 4.33% to $90.169 per barrel, while the main contract for China’s SC crude oil futures dropped 3.85% to 564 yuan.

Falling oil prices can be interpreted as easing inflationary pressure, which may also affect sentiment toward risk assets.

Changpeng Zhao Says “Bitcoin Won’t Stay Dead for Long”

Binance co-founder Changpeng Zhao said on X, “Bitcoin won’t stay ‘dead’ for long,” adding, “Don’t panic.”

The source was Odaily. The comment is seen as an attempt to calm investor sentiment amid recent market volatility.

Bitcoin Falls Below $61,000

PA News reported on June 10, citing OKX market data, that Bitcoin fell below $61,000.

Bitcoin is currently trading at $60,988, down 0.23% over the past 24 hours.