TD Cowen flags five hurdles to crypto bill beyond stablecoin yield issue
The Block·60-word summary·1 min read
TD Cowen has identified five hurdles to passing a crypto bill, beyond stablecoin yield issues. These include the absence of CFTC commissioners, conflicts involving World Liberty Financial, and concerns over Iran’s use of crypto payments. The challenges highlight ongoing regulatory and geopolitical complexities impacting crypto legislation as of April 2026.
Bitcoin surged to nearly $86,000, extending its rally after President Trump announced a ceasefire with Iran. Analysts see strong support around $75,000 and believe a move above $80,000 could trigger further gains. Market conditions, institutional flows, and regulatory clarity support the bullish outlook, but geopolitical risks remain a concern for sustained momentum.
Pepe Coin's price is rallying, with whales accumulating 1.23 trillion tokens, pushing the price toward $0.0000055. The token currently trades at $0.0000037, still 86% below its all-time high of $0.000028. A potential Binance listing and the ongoing SEC review of the Canary Capital spot ETF are fueling speculation of a possible 100x breakout.
Bitmine ETH Company uplisted to the NYSE under ticker BMNR on April 23, 2026, meeting exchange criteria. The company increased its share buyback program to $4 billion. ETH ETFs experienced $96 million in inflows, with ETH trading at $2.344 and support at $2.252. Institutional interest in ETH continues to grow amid these developments.
Justin Sun filed a federal lawsuit against World Liberty Financial, claiming his tokens worth approximately $1 billion were illegally frozen. Sun alleges he was stripped of voting rights and threatened with the tokens being permanently burned. The incident involves Sun’s claims against WLFI, which has accused him of misconduct but has not provided specific details. The case highlights ongoing crypto regulatory and legal disputes.
GSR has launched its first ETF, the GSR Crypto Core3, on April 23, 2026, offering exposure to Bitcoin, Ether, and Solana. This marks GSR's entry into crypto exchange-traded products, providing investors with a regulated way to access the top three cryptocurrencies by market cap. The ETF aims to expand institutional and retail participation in digital assets.
CAEX is entering Vietnam's crypto pilot with $380 million in funding from VPBank, OKX Ventures, and HashKey. The project aims for 49% foreign ownership, with Vietnam ranking 4th in crypto adoption according to Chainalysis. The initiative includes plans for a BTC ETF and additional investments, signaling growth in Vietnam's crypto sector.