😅 Is crypto's most important bill dying in the Senate?

FTX sold a $3 billion stake for $200K. Quantum isn't killing bitcoin. And 100+ crypto firms just sent the Senate a letter it can't ignore. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thursday, April 23, 2026 More than 100 crypto firms urge Senate to move on U.S. market structure bill A coalition including Coinbase, Ripple, Kraken, a16z, and Paradigm sent a joint letter to the Senate Banking Committee demanding a markup of the CLARITY Act — warning that continued delay risks pushing investment and jobs offshore. Key demands: clear SEC/CFTC jurisdiction lines, protection for non-custodial developers, simpler disclosure rules, and no state-by-state patchwork. The committee hasn't scheduled a markup, and analysts now put the bill's odds of passing in 2026 at roughly 50-50 — or lower. Read the full story → Sponsor message Markets The $145 billion math: why bitcoin's quantum threat is manageable, not existential A quantum computer could theoretically unlock around 1.7 million BTC from early wallets — worth roughly $145 billion — but analyst James Check argues the market could absorb that sell-side pressure within months, as similar volumes have been absorbed before during past cycles. The real debate isn't market collapse: it's whether Bitcoin should preserve strict property rights or intervene to freeze coins at risk. The math suggests doomsday is overstated; the governance question is anything but. Read more → Business FTX sold its Cursor stake for $200,000 in 2023. It would be worth $3 billion today. In April 2023, FTX's bankruptcy estate sold Alameda Research's 5% stake in Anysphere — the company behind AI coding tool Cursor — for $200,000, the same price Alameda paid for it in 2022. This week SpaceX agreed to acquire Cursor at a $60 billion valuation, making that stake worth $3 billion: a 15,000x return that went to whoever bought it from the bankruptcy, not to FTX creditors. The episode is likely to become a centerpiece of Sam Bankman-Fried's argument from prison that the estate destroyed tens of billions in value by liquidating too quickly. Read more → Consensus Miami · May 5–7, 2026 Join CoinDesk at Consensus Miami, where agentic commerce, crypto at scale, and institutional integration are redefining the future of finance. Save 20% with the code HEADLINES Get your pass → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.