Senate Agriculture Committee prepares to host crypto market structure hearing: CNBC Crypto World

Summary

This week's CNBC Crypto World covered major cryptocurrencies trading lower amid geopolitical headlines from Davos, a framework for a Greenland deal, and the Fed's first 2026 rate decision. The Senate Agriculture Committee prepared for a markup of digital commodities legislation, with Senator Kirsten Gillibrand expressing optimism despite no Democratic deal. MoonPay President Keith Grossman discussed a three-year title sponsorship of the X Games and its potential to bring crypto into mainstream action sports. Other headlines included BitGo's post-IPO decline, new crypto ETF launches, SEC and CFTC joint regulation efforts, and a Fireblocks report on a North Korea-linked recruiting scam.

• Major cryptocurrencies fell over the week, with Solana down about 3.8% and Bitcoin and Ether slightly lower.
• Senate Agriculture Committee prepared a markup on digital commodities legislation; Senator Gillibrand said she is very optimistic about bipartisan progress.
• Senate Banking Committee postponed its own crypto markup after Coinbase-led industry opposition; Bitwise CIO said Clarity Act odds fell.
• SEC and CFTC chairs planned a joint event on crypto regulation.
• BitGo shares declined more than 3% since its IPO; CEO Mike Belshe described its institutional client base and regulated security layer.
• 21Shares launched a spot Dogecoin ETF on Nasdaq; Bitwise launched a Bitcoin-and-gold ETF.
• MoonPay announced a three-year title sponsorship of the X Games, including a new global team-based league.
• Fireblocks said it disrupted a North Korea-linked recruiting impersonation scam targeting crypto developers.