{"id":5983,"date":"2026-02-11T14:31:28","date_gmt":"2026-02-11T14:31:28","guid":{"rendered":"https:\/\/marketspaceinsights.com\/index.php\/2026\/02\/11\/crypto-market-update-clarity-act-stalls-as-banks-push-to-ban-stablecoin-yield\/"},"modified":"2026-02-11T14:31:28","modified_gmt":"2026-02-11T14:31:28","slug":"crypto-market-update-clarity-act-stalls-as-banks-push-to-ban-stablecoin-yield","status":"publish","type":"post","link":"https:\/\/marketspaceinsights.com\/index.php\/2026\/02\/11\/crypto-market-update-clarity-act-stalls-as-banks-push-to-ban-stablecoin-yield\/","title":{"rendered":"Crypto Market Update: Clarity Act stalls as Banks Push to Ban Stablecoin Yield"},"content":{"rendered":"<\/p>\n

<\/em>Here’s a quick recap of the crypto landscape for Monday (February 9) as of 9:00 p.m. UTC. <\/strong><\/p>\n

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

\n

Bitcoin (BTC)<\/strong> was priced at US$66,970.63, down 2.2 percent over the last 24 hours.<\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, February 11, 2026.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Ether (ETH) <\/strong>was priced at US$1,949.36, down by 2.7 percent over the last 24 hours.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n
    \n
  • XRP (XRP)<\/strong> was priced at US$1.37, down by 2.4 over 24 hours.<\/li>\n<\/ul>\n
      \n
    • Solana (SOL)<\/strong> was trading at US$81.04, down by 3.3 percent over 24 hours. <\/li>\n<\/ul>\n<\/div>\n
      \n

      Today’s crypto news to know <\/h3>\n

      <\/h4>\n

      Banks dig in on stablecoin yield as Clarity Act stalls<\/h4>\n

      US banks are hardening their position on stablecoin rules, escalating a policy clash that has left the long-awaited Clarity Act stuck in Congress. <\/p>\n

      During a White House\u2013hosted meeting led by the administration\u2019s crypto council, banking groups circulated a proposal calling for an outright ban on paying interest or other incentives to stablecoin holders. <\/p>\n

      The draft language states: \u201cNo person may provide any form of financial or non-financial consideration to a stablecoin holder\u201d in connection with holding or using a payment stablecoin.<\/p>\n

      Banking groups warned that allowing yield on stablecoins could \u201cdrive deposit flight that would undercut Main Street lending,\u201d while crypto advocates argued innovation should not be stifled. The dispute centers on whether stablecoin rewards resemble bank deposits, potentially siphoning funds from traditional lenders.<\/p>\n

      ‘As we noted during the meeting, that framework can and must embrace financial innovation without undermining safety and soundness, and without putting the bank deposits that fuel local lending and drive economic activity at risk. We look forward to ongoing discussions to move market structure legislation forward,’ the American Bankers Association (ABA) said in a statement following the meeting. <\/p>\n

      The standoff has become the main obstacle preventing the Clarity Act from advancing, despite earlier passage of the GENIUS Act, which created a federal framework for dollar-backed stablecoins. <\/p>\n

      Franklin Templeton, Binance roll out tokenized collateral program<\/h4>\n

      Franklin Templeton and Binance have launched an institutional collateral program that allows tokenized money market fund shares to be used for crypto trading margin. <\/p>\n

      Issued via Franklin\u2019s blockchain-based Benji platform, the tokenized shares remain in regulated third-party custody while Binance mirrors their value for trading purposes. The structure is designed to reduce counterparty risk by keeping assets off the exchange, addressing a longstanding concern among institutional investors. <\/p>\n

      Because the collateral consists of yield-bearing money market fund shares, institutions can continue earning interest while deploying capital for crypto trades. T<\/p>\n

      Currently, participation is limited to qualified institutional clients meeting Binance\u2019s risk and compliance standards.<\/p>\n

      Goldman Sachs maintains US$1B Bitcoin ETF exposure <\/h4>\n

      Goldman Sachs disclosed in its latest SEC filing that it holds just over US$1 billion in exposure to Bitcoin through exchange-traded funds, even as the asset has fallen sharply from its October peak. <\/p>\n

      The exposure is split across products including BlackRock\u2019s iShares Bitcoin Trust and Fidelity\u2019s Wise Origin Bitcoin ETF. Bitcoin has dropped roughly 47 percent from its high and is trading near US$67,000, part of a broader US$2 trillion drawdown across the crypto market. <\/p>\n

      ETF flows have been volatile, with more than US$6 billion exiting spot Bitcoin funds since November, according to industry data. <\/p>\n

      Despite the slump, Goldman has also expanded into Ethereum, XRP, and Solana ETFs.<\/p>\n<\/div>\n

      Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

      Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

      <\/div>\n<\/p>\n
      This post appeared first on investingnews.com<\/div>\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Here’s a quick recap of the crypto landscape for Monday (February 9) as of 9:00…<\/p>\n","protected":false},"author":1,"featured_media":5984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/posts\/5983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/comments?post=5983"}],"version-history":[{"count":0,"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/posts\/5983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/media\/5984"}],"wp:attachment":[{"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/media?parent=5983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/categories?post=5983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketspaceinsights.com\/index.php\/wp-json\/wp\/v2\/tags?post=5983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}