Crypto Market Bill Races Toward Vote!

US Sen. Tim Scott says the crypto market structure bill could be voted on next month.

Here's what we've got for you today:

  • US Senate Banking Chair Eyes Vote on Crypto Market Bill Next Month

  • Cloudflare Blames Database Error for Outage That Took Down 20% of the Internet

  • US May Buy Bitcoin Only After Others Move First

  • Saylor Shrugs Off Suggestion Wall Street ‘Hurt’ Bitcoin Amid Latest Crash

US Senator Tim Scott says the crypto market structure bill could be voted on next month.

  • Senate Banking Chair Tim Scott says the crypto market structure bill is set for committee votes next month, with hopes of reaching the Senate floor early next year for President Trump’s signature.

  • The bill requires approval from both the Senate Banking and Agriculture committees because it covers securities and commodities oversight.

  • Scott accused Democrats of delaying the process and argued that passing the legislation will protect consumers and strengthen America’s long-term economic leadership.

Cloudflare says a faulty bot detection file caused an outage that took down 20% of the internet.

  • Cloudflare confirmed that an oversized “feature file” in its Bot Management System caused the major outage that temporarily disabled around 20% of all webpages.

  • The disruption affected major crypto platforms — including Coinbase, Blockchain.com, Ledger, BitMEX, Toncoin, Arbiscan, and DefiLlama — as well as X and ChatGPT.

  • Cloudflare ruled out a cyberattack and apologized, but the incident reignited concerns about the crypto industry’s dependence on centralized infrastructure providers.

Analysts say the US may delay building its Strategic Bitcoin Reserve until other nations act first.

  • Crypto entrepreneur Mike Alfred says the US is unlikely to build a national Bitcoin reserve until other countries begin accumulating BTC.

  • His comments come as industry figures urge Washington to accelerate the Strategic Bitcoin Reserve initiative launched by President Trump to acquire BTC through budget-neutral mechanisms.

  • Alfred believes the government has already made progress, as a few years ago it seemed unlikely that US officials would even acknowledge Bitcoin.

Michael Saylor says Bitcoin’s volatility continues to decline despite Wall Street’s deeper involvement.

  • Michael Saylor says Wall Street’s growing involvement in Bitcoin has not increased volatility, and argued instead that BTC’s price swings have steadily decreased.

  • Saylor explained that Bitcoin’s annualized volatility dropped from around 80% when Strategy began buying in 2020 to roughly 50% today.

  • He expects Bitcoin’s volatility to keep declining over time, eventually stabilizing at about 1.5 times that of the S&P 500 while delivering stronger performance.

👀 QUICK NEWS

MEME OF THE DAY

How did you like today's newsletter?

Login or Subscribe to participate in polls.

That’s it for today. Don’t forget to share Coinpaper Digest with your friends!