The post CLARITY Act Latest Update: Tillis Adds Fresh Problem, Coinbase Fires Back And Expert Calls Bill Dead appeared first on Coinpedia Fintech News

The Clarity Act was supposed to be heading toward a May markup with momentum behind it. Instead it spent the past 48 hours collecting new problems like a bill that has started to wonder if it actually wants to become law.

The latest arrived Tuesday when Senator Thom Tillis flagged concerns from law enforcement groups about a specific provision in the legislation. 

However, senator Cynthia Lummis reacted to the news and said, “This isn’t a big new hurdle, and is something I’m working on now. I am committed to keeping protections for non-money transmitting developers safe without tying law enforcement’s hands to hold bad actors accountable.”

Coinbase’s CLO Came Out Swinging

Coinbase chief legal officer Paul Grewal did not wait for the dust to settle. He published a detailed thread pushing back on the entire premise that the Clarity Act weakens law enforcement, calling the suggestion flat wrong and backing it up with specifics.

Here is what Grewal says the bill actually does for law enforcement:

• Expands Bank Secrecy Act coverage to digital asset brokers and exchanges, including full AML and sanctions compliance
• Enhances seizure and forfeiture authorities specifically for digital assets
• Creates designated law enforcement contacts at crypto kiosks nationwide
• Establishes new information-sharing channels between the DOJ, Treasury, and the private sector
• Forces crypto activity into US jurisdiction instead of letting it operate offshore beyond regulatory reach

“The alternative, an offshore crypto industry, gives law enforcement far fewer tools than what this framework delivers,” Grewal said.

What Happens if the Bill Dies

Legal commentator MetaLawMan laid out the scenario nobody wants to say out loud, and he said it clearly.

If the Clarity Act fails, here is what does and does not change:

• The GENIUS Act stays as the governing stablecoin law
• Crypto exchanges keep paying rewards on stablecoin holdings
• Jamie Dimon’s predicted bank deposit flight either happens or it does not, with no legislative answer either way
• The Trump family continues operating its crypto ventures without new restrictions

When asked directly whether he thinks the bill will pass, MetaLawMan did not reach for diplomatic language.

“My guess is no, it won’t pass. It should pass. It’s an embarrassment how dysfunctional our government has become. Kazakhstan has passed a legal framework for crypto, for goodness sakes.”

The post Galaxy Digital Q1 Results: Digital Asset Decline Drives Company to $216 Million Loss appeared first on Coinpedia Fintech News

Galaxy Digital reported a net loss of $216 million for the first quarter of 2026, hit primarily by a roughly 20% decline in digital asset prices across the period. Consensus expectations pointed to a loss of $1.06 per share. Galaxy delivered a loss of $0.49, a beat of more than 50% that will carry more weight in markets than the headline number alone.

Total assets stood at approximately $10 billion at the end of the quarter. Equity came in at $2.8 billion, down 8% from the previous quarter. The company held $2.6 billion in cash and stablecoins, providing a substantial liquidity buffer despite the difficult trading environment. Digital asset holdings fell 19% quarter on quarter to $1.36 billion, tracking the broader market decline.

The Data Center Story

The company’s Helios data center facility in Texas delivered its first data hall to CoreWeave in April 2026, marking the transition from construction to revenue-generating operations. Data center revenue is expected to begin ramping meaningfully through the second quarter.

The scale of Galaxy’s infrastructure ambitions is significant. The company has 133 megawatts on track for Q2 delivery, an additional 830 megawatts secured through ERCOT, and a total pipeline exceeding 1.6 gigawatts. For a company known primarily as a crypto financial services firm, the data center buildout represents a structural diversification into AI infrastructure at a moment when demand for computing capacity is accelerating globally.

Assets under management held at approximately $5 billion across the quarter.

Capital Management

Galaxy repurchased 3.2 million shares for $65 million during the quarter, a signal that management views the current valuation as an opportunity rather than a reflection of the company’s underlying value. The company also completed its delisting from the Toronto Stock Exchange, consolidating its public market presence.

The bull case heading into Q2 rests on two pillars: a recovery in digital asset prices from their Q1 lows, and the beginning of recurring data center revenue from the CoreWeave partnership. If both materialise together, Galaxy’s financial profile looks considerably different by mid-year.

A sustained recovery in digital assets is not guaranteed, and the data center ramp takes time to show up in reported numbers.

The post Why is Pi Network One of The Top Five Trending Coins Today? appeared first on Coinpedia Fintech News

Pi Network has climbed 13.70% over the past seven days, making it one of the strongest performers in the top trending list at a time when the broader crypto market is down 0.20% and Layer 1 tokens as a category are down 0.30%

Open interest in PI futures has surged sharply, pointing to fresh capital entering the market and increased directional positioning from traders who are starting to lean bullish. Volume is rising alongside price, a combination that analysts typically treat as a more credible signal than price movement alone.

What Is Driving It

Three things are converging to push Pi into the spotlight right now.

The first is Consensus 2026 in Miami, coming up next week. Analyst Dr Altcoin says Pi’s price appears to be gaining momentum specifically in anticipation of the event and expects the token to move toward $0.30 in the days leading up to it. Major industry conferences have historically been catalysts for token attention regardless of what is officially announced.

The second is Protocol 23, scheduled to roll out in May. The upgrade is expected to bring smart contracts and expanded DeFi functionality to the Pi ecosystem, a significant step for a network that has been building toward broader utility for years. With over 10 billion tokens on mainnet and billions locked, the supply picture remains relatively managed heading into what could be a busy development period.

The third is Pi’s dominance within its own category. The total mobile mining category has a market cap of around $1.94 billion. Pi Network alone accounts for 99.7% of it. Pi is not leading the mobile mining category. It essentially is the mobile mining category.

The Technical Picture

PI is currently testing a key resistance level near $0.190. A clean break above that opens the path toward $0.2045 and then $0.220. Price is holding above key moving averages and momentum indicators have turned positive, suggesting buyers are in control of the short-term trend.

Whether the Consensus catalyst, Protocol 23 anticipation, and broader community momentum are enough to sustain the move beyond those levels is the question the market is working through right now.

The post Charles Hoskinson Says Ripple Will Keep Selling XRP And Walk Away With The Money appeared first on Coinpedia Fintech News

Cardano founder Charles Hoskinson has taken a swipe at Ripple, saying the company has no intention of linking its business model to XRP token buybacks and that holders should not expect to share in the wealth the firm is building.

Speaking in a conversation, Hoskinson said Ripple’s approach has been consistent for over a decade. The company sells XRP, generates billions of dollars and uses those funds to acquire hard assets through a corporate structure that XRP holders have no ownership of. Token holders, he said, do not get access to the prime brokerage business or any of the other valuable pieces Ripple is building with the proceeds.

What He Thinks Ripple Should Do

Hoskinson acknowledged there is a path Ripple could take that would make XRP genuinely attractive. If the company committed 20 to 30% of its revenue to XRP buybacks, he said, it would fundamentally change the token’s value proposition. He pointed to Hyperliquid as an example of how buyback programmes work in practice, noting that the project climbed from outside the top 30 into the top 10 by market capitalisation largely on the back of its buyback mechanism.

The model is not complicated. Use the platform, generate revenue, buy back the token. But Hoskinson said Ripple has neither a financial incentive nor, currently, a statutory incentive to do that. Without regulatory pressure forcing the issue, he does not expect the company to voluntarily redirect profits toward token holders.

The EOS Warning

To illustrate his concern, Hoskinson reached back to one of crypto’s most infamous examples. Block One raised $4 billion for the EOS token in 2018 and almost immediately declared it had no fiduciary obligation to EOS holders. The company walked away with the money and the token community was left with nothing.

Hoskinson said the same dynamic could play out with XRP, and warned it would be a serious mistake given how vocal and passionate the XRP community is. A situation where Ripple accumulates billions in real assets while token holders get nothing, he suggested, is the kind of thing that tears communities apart.

The Bigger Picture

Hoskinson’s comments land at a moment when the Digital Asset Market Structure Clarity Act is working its way through the US Senate. If the bill passes, it could establish clearer frameworks around token utility, revenue sharing and issuer obligations. Whether that creates any legal pressure on Ripple to connect its business model to XRP remains to be seen.

The post Paul Atkins at Bitcoin Conference Says Clarity Act Is the Only Thing That Stops Next Gensler appeared first on Coinpedia Fintech News

For the first time in history, a sitting SEC Chairman addressed a Bitcoin conference. Paul Atkins used the moment to speak about regulatory limits, political risk, and why the Clarity Act is not just important but essential to protecting everything the current administration has built for crypto.

The SEC Cannot Do This Alone

He said that the SEC operates under authority that is, in his own words, “basically a 1930s type of thing.” It can be nimble. It can coordinate with the CFTC. But it cannot create lasting certainty without Congress.

“Nothing futureproofs things like a statute,” Atkins said, “and then good opinions from courts to chisel what the statute says into stone.”

Without new legislation, he explained, everything the current SEC has built rests on guidance and goodwill rather than law. That matters enormously when political winds shift.

The Next Administration Is the Real Threat

Atkins acknowledged directly what the industry fears most. A future administration hostile to crypto, backed by a statute that defaults new projects to securities classification, would have tools the Biden-era SEC never had.

“Elections have consequences and can be huge,” he said. “Who would have thought ten years ago that we would have this complete 180-degree pivot pretty much by the US government?”

The flip side of that pivot is obvious. What one administration builds, the next can dismantle. Without a statute locking the framework in place, the progress of the past two years has no permanent foundation.

The SEC, Atkins said, is “focused on trying to streamline things, trying to make things more efficient, trying to help innovators innovate so that they can do so with certainty and then not get picked off by folks who are jealously guarding their turf from existing ways of doing things.”

The Timeline and What Needs to Happen

Movement in the Senate is expected in May. A vote could follow in June. From there the bill would need to pass the House and reach the president’s desk.

“A lot of things have to happen. A lot of things have to line up in order for all that to happen, which of course we’re hoping happens, but that is not guaranteed,” he said.

For those who have watched previous legislative cycles come close and stall, the caution is familiar. But the stakes, Atkins made clear, have never been higher.

Tokenised Equities: The Next Frontier

Atkins pointed to tokenised equities as a major near-term opportunity where the SEC sits at a critical position to enable or obstruct innovation. Traditional equity settlement passes through multiple intermediaries, each collecting fees between a trade’s execution and its final settlement. Blockchain could eliminate much of that friction.

“The commission sits at a really important position to enable this innovation to take place,” he said, while acknowledging the challenge of navigating stakeholders whose business models depend on the current structure.

The post Peter Schiff Says Bitcoin Price Will Be Below $60,000 When Strategy Hits 5% of Total Supply appeared first on Coinpedia Fintech News

Gold advocate and longtime Bitcoin critic Peter Schiff has taken direct aim at Michael Saylor’s most famous prediction, and the math he is using is simple enough to make Bitcoin bulls uncomfortable.

In 2025, Saylor predicted Bitcoin would hit $1 million per coin if Strategy accumulated 5% of the total supply. Strategy currently owns 3.9%, having just added another 3,273 Bitcoin last week at an average price of $77,906 per coin. The company now holds 818,334 BTC acquired for approximately $61.8 billion in total.

If buying the last 231,666 Bitcoin had a certain impact on price, buying the next 231,666 to reach the 5% threshold should have a comparable effect. Based on that logic, Schiff concludes Bitcoin will be trading below $60,000 by the time Strategy reaches its target, not $1 million.

“Bitcoin will be below $60,000 when MSTR finally hits 5%,” Schiff wrote on X, where the post drew more than 56,000 views within hours.

The Exchange That Followed

When one user suggested Saylor should face regulatory scrutiny for making what they called wild financial claims, Schiff added that regulators had been bought and paid for with crypto money, a charge that drew both support and fierce pushback.

When a Bitcoin supporter told Schiff that Bitcoin would inevitably surpass gold and that he would get it at the price he deserves, Schiff responded that he would be able to buy it close to zero if he wanted to.

What Strategy Is Actually Doing

Despite the criticism, Strategy continues to accumulate without hesitation. Last week’s purchase of 3,273 Bitcoin for $255 million between April 20 and 26 was disclosed in an 8-K filing with the Securities and Exchange Commission on Monday, pushing the company’s average cost basis to $75,537 per coin.

The company remains the world’s largest publicly listed Bitcoin holder by a significant margin, and Saylor has shown no sign of slowing the buying programme regardless of where the price sits.

Whether Schiff’s prediction or Saylor’s holds up will ultimately depend on whether institutional demand continues to absorb supply faster than Strategy can accumulate it, a question that sits at the heart of the most consequential bet in financial markets right now

The post Top Analyst Reveals What’s Next For Bitcoin, Ethereum and XRP Prices appeared first on Coinpedia Fintech News

Bitcoin has climbed roughly 25% from its lows, touching $79,500, but analyst Gareth Soloway says the easy money from this move has already been made.

The near-term target zone sits between $80,000 and $85,000. A push to $80,000 would represent just 3.5% upside from current levels. Even a stretch to $85,000 is only 8%. That limited reward has shifted Soloway’s stance from bullish to neutral.

The macro pattern on Bitcoin’s chart remains bearish, with a structure that historically resolves to the downside. If the current rally fails to break convincingly above $85,000 and hold there, Soloway warns the next significant target below is $50,000, a level where he expects meaningful support to emerge.

Above $85,000 sustained, the bearish pattern breaks and a genuine recovery toward all-time highs becomes possible. Below current support, the $50,000 scenario moves from tail risk to base case.

Ethereum: One More Move Before the Drop

Ethereum is tracing a three-touch trend line pattern that Soloway reads as having at least one more push higher before a more significant decline develops. The pattern has registered two confirmed touches. A third would complete the structure and likely mark a local top.

That potential upside in Ethereum is one reason Soloway keeps the door open for Bitcoin reaching $85,000. The two assets have been moving in loose correlation, and ETH showing continued strength would support the case for one more leg higher across the broader market before sellers take control.

XRP: Two Levels Define the Trade

XRP is the most direct setup of the three right now according to the analysis. The token has been trending higher and still has room to move, but faces a wall of resistance around $1.55, a level where multiple prior pivot highs converge with the upper boundary of a key price channel.

If XRP breaks through $1.55 cleanly, $1.80 becomes the next target quickly. That level carries importance as former support that flipped to resistance, making it the natural ceiling for any extended move.

Soloway holds a small XRP position with $1.80 as his exit target. A failure at $1.55 would likely trigger a pullback before any further attempt higher.

The post Charles Hoskinon Calls Brad Garlinghouse and XRP Community’s Clarity Act Support ‘Insanity’ appeared first on Coinpedia Fintech News

Cardano’s Charles Hoskinson has a message for the XRP community celebrating the Clarity Act as a victory for the industry: you are wrong, and the bill you are cheering for would have classified your token as a security if Ripple were founded today.

Speaking in an interview, Hoskinson said the Clarity Act in its current form, he argued, is not the regulatory clarity the industry needs. It is a piece of legislation that protects established incumbents while quietly making it impossible for the next generation of crypto projects to exist in America.

The Security Trap

Under the mature blockchain standard written into the current version of the Clarity Act, a new project has no viable path to escaping security classification. To pass the test, a project needs community growth, liquidity, and broad ownership distribution. But to achieve those things, it needs exchange listings and investment. And it cannot get either if it is classified as a security from day one.

“XRP won its court case under the ambiguous laws,” Hoskinson said. “Under this law, if Ripple was founded today, XRP would be a security. Ethereum would be a security. ADA would be a security. And a Gary Gensler-style SEC would have the law on their side.”

The very tokens whose communities are most loudly supporting the Clarity Act would not exist under the framework they are endorsing. The old ambiguity that everyone complained about was, in practice, what allowed those projects to grow before regulators could pin them down. This bill removes that ambiguity and replaces it with a default classification that benefits no one launching something new.

A Bill for the Incumbents

Hoskinson was explicit about who the Clarity Act actually serves. Cardano, XRP, and Ethereum would likely receive commodity status under the mature blockchain standard because they already satisfy the requirements. They are large enough, decentralised enough, and established enough to pass the test as it stands today. That is good for them. It is not good for the industry.

“It’s a bill for the incumbents,” he said plainly. “Cardano will get a pass. XRP will get a pass. Ethereum will get a pass. We’re already commodities under the mature blockchain standard. So it’s good for me. It’s horrible for the industry.”

The Democrats Will Weaponise It

The longer-term risk Hoskinson identified is political. The bill will not be permanent as written. At some point, a future administration with different priorities will have the ability to apply the same framework with maximum hostility toward new projects.

“When the Democrats weaponise it, they can structure it in a way that every new project will always be a security,” he warned. “And if being a security is not a problem, then why is Brian Armstrong fighting so hard for his stablecoin not to be?”

The post Who Really Controls XRP Price in 2026? Retail Investors Own Half of XRP Supply, But There’s a Twist appeared first on Coinpedia Fintech News

A market structure analysis circulating on X this week put forward an interesting claim about XRP: retail investors are not pushing the price up, but they are likely the main reason it has not fallen further.

The data behind the argument draws on April 2026 on-chain estimates. Around 50 to 55% of all XRP sits in self-custody or on exchange wallets. Institutions and ETFs hold just 1 to 2% of total supply. Market makers account for 60 to 70% of actual price movement on any given day.

The conclusion the analysis draws from those numbers is that XRP’s price floor is being held up not by active buying but by millions of holders simply refusing to sell. With seven to eight million activated wallets and growing numbers of multi-year holders, a large chunk of supply has effectively been taken off the market through inaction rather than demand.

At current prices, the analysis estimates retail conviction accounts for roughly 40 to 60% of XRP’s effective price floor.

Morgan Is Not Buying It

Bill Morgan read the analysis and explained that Ripple is still the largest single seller of XRP in the market, offloading hundreds of millions of tokens every month. If supply dynamics were truly driving prices, those sales would show up as consistent downward pressure. They do not. That alone, Morgan argued, undermines the retail supply thesis.

More importantly, he pointed to something the analysis does not adequately address: XRP’s price largely tracks Bitcoin. When Bitcoin rises, XRP rises. When Bitcoin falls, XRP falls. That pattern holds regardless of how much Ripple sells or how tightly retail holders grip their tokens.

“The predominant explanatory factor remains Bitcoin price movement,” Morgan wrote.

Where That Leaves Things

XRP is sitting in a phase where retail holders dominate ownership but institutions dominate price movement. The gap between those two realities is where most of the debate lives.

Whether belief and holding behavior are genuinely supporting the floor or whether Bitcoin is simply doing all the heavy lifting is a question the data alone cannot fully settle. But Morgan’s challenge is the one the retail conviction argument needs to answer before it can claim the stronger case.