Brad Garlinghouse

CFTC Chair Mike Selig said the agency is preparing to use existing authority to shape crypto market rules if Congress does not pass the Digital Asset Market Clarity Act. The move could put the derivatives regulator at the center of U.S. digital asset oversight as Senate negotiations remain unresolved.

Michael Saylor signaled that Strategy may keep adding to its bitcoin position after posting fresh figures on the company’s massive BTC stash. The update comes as Strategy shares remain under pressure from funding and dividend concerns.

Ripple CEO Brad Garlinghouse said he remains bullish on bitcoin, but he argued Michael Saylor’s preferred-share funding approach has hurt the broader crypto market. He pointed to Strategy’s STRC preferred stock sliding to a record low as evidence that the model is under mounting strain.