Business

The UK clearing bank has chosen Taurus’ wallet infrastructure as it expands into digital assets and stablecoin-based payments.

A list of amendments – some of which are far apart – is circulating for the planned markup hearing of the Crypto Market Structure Bill.

The asset manager sent 3,290 bitcoins, worth around $298 million, as well as 5,692 ethers worth almost $17.8 million.

The move comes as crypto projects increasingly position themselves as offering payment platforms that resemble traditional digital banks, but operate on blockchain rails.

Bitcoin soared above $96,000 for the first time since November, triggering more than $500 million in liquidations as altcoins outperformed and traders rushed to cover bearish bets.

Once finalized, the combined company would hold nearly 13,000 BTC, surpassing the holdings of Tesla and Trump Media & Technology Group.

The Senate Agriculture Committee said Tuesday that its delayed crypto market structure bill would be dropped on Jan. 21 and would be debated six days later.

Questions of government ethics still hang over the U.S. Senate’s plans to vote on the crypto market structure bill, and Warren raises a related argument.

The crypto industry says Wall Street giants backed community banks to compete with digital rivals before they could secure a major legislative victory.