Senate Committee Advances Crypto Market Structure Bill

Immediately in Crypto: The US Senate Agriculture Committee superior a crypto market construction invoice, Bybit stated it is going to launch financial institution accounts in February and Worldcoin’s value jumped on reviews of a brand new OpenAI AI undertaking.

US Senate Agriculture Committee advances crypto market construction invoice

The US Senate Agriculture Committee advanced a sweeping crypto market structure bill Thursday following a short markup session marked by partisan divisions.

Lawmakers thought-about three amendments through the listening to, all of which failed alongside get together traces. Democratic members raised issues round ethics, conflicts of curiosity and regulatory oversight, together with a proposal that may have barred elected officers from proudly owning digital belongings, however these efforts didn’t achieve ample help.

The committee finally voted 12–11 to advance the invoice, clearing it for consideration by the complete Senate at a later date. Supporters argued the laws would supply long-sought regulatory readability for digital asset markets, whereas critics warned it may weaken investor protections and increase the authority of the Commodity Futures Buying and selling Fee.

Earlier than reaching the Senate ground, the invoice is predicted to be reconciled with parallel crypto laws into consideration within the Senate Banking Committee.

Bybit to launch retail financial institution accounts in February

Bybit, one of many world’s greatest crypto exchanges by buying and selling quantity, plans to launch retail banking services on its platform beginning in February, the corporate stated Thursday.

Bybit unveiled the product, “My Financial institution powered by Bybit,” throughout a reside on-line keynote on Thursday.

Bybit CEO Ben Zhou stated the service will provide customers a private IBAN (worldwide checking account quantity), permitting them to ship and obtain funds throughout banks in a number of currencies, with US greenback transfers supported at launch.

The transfer marks Bybit’s newest effort to increase past crypto buying and selling, coming a few yr after it was hit by a $1.4 billion hack.

Bybit stated customers will achieve entry to their private financial institution accounts instantly after finishing Know Your Customer (KYC) verification, permitting them to deposit fiat foreign money, pay payments, obtain salaries and commerce crypto — all below their very own title.

Bybit stated it’s collaborating with a number of banking companions, together with Qatar Nationwide Financial institution (QNB) and DMZ Finance, with which it partnered in September 2025 on tokenized asset initiatives.

According to Bloomberg, the corporate can also be working with startup lender Pave Financial institution, licensed within the Jap European nation of Georgia.

The service is predicted to help transfers in as many as 18 currencies, although it stays topic to regulatory approvals.

Cointelegraph reached out to Bybit for additional touch upon the brand new banking providers however had not obtained a response on the time of publication.

Worldcoin spikes 40% as OpenAI reportedly plans biometric X rival

OpenAI-linked token Worldcoin spiked 40% on Wednesday following a report that the bogus intelligence agency is engaged on a bot-free social media platform that requires “proof of personhood.”  

In keeping with a Tuesday Forbes report citing sources aware of the matter, OpenAI is aiming to develop a “humans-only platform” as a degree of distinction from different social media providers available on the market. 

Nonetheless in its early levels, sources state {that a} small staff of round 10 individuals is constructing the platform to compete with X, and that it has reportedly been in improvement since early 2025, in response to tech information outlet The Verge.

Forbes’ sources claimed that any “proof of personhood” would seemingly be verified through Apple’s Face ID or the World Orb eyeball scanner, which has additionally been utilized as a part of World, the blockchain and crypto undertaking co-founded by OpenAI CEO Sam Altman.