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Crypto's Wild Week: From $1M Bitcoin Dreams to White House Stablecoin Drama

MarketDash
The crypto world was buzzing with big predictions and bigger power moves this week. Ripple's CEO is betting on a crypto bill, Pompliano is dreaming of million-dollar Bitcoin, the White House grabbed the reins on stablecoin talks, Elizabeth Warren got a crypto clapback, and a Stripe-owned company scored a key banking nod.

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If you thought the crypto market was quiet, think again. This past week felt less like trading and more like watching a high-stakes political drama mixed with some wildly optimistic fortune-telling. From the halls of the White House to the tweets of industry titans, everyone seemed to have a strong opinion on where digital assets are headed next.

Let's unpack the five stories that had everyone talking.

Ripple's CEO Places a Very Confident Bet

Brad Garlinghouse, the CEO of Ripple (XRP), isn't just hopeful about new crypto legislation—he's practically certain. After a high-level meeting at the White House that included his company's Chief Legal Officer and the top lawyer from Coinbase (COIN), Garlinghouse publicly increased his odds. He now predicts a 90% chance that the Clarity Act gets the green light by the end of April.

That's a bold forecast in Washington, where bills famously go to die. It suggests the behind-the-scenes conversations between crypto leaders, bankers, and regulators might be more productive than the public fighting would have you believe.

The Million-Dollar Bitcoin Question

Meanwhile, investor Anthony Pompliano was busy pondering Bitcoin's ultimate ceiling. His thesis is straightforward: if Bitcoin doesn't crash to zero (a big if for some critics), then its journey to a $1 million price tag is inevitable. But here's the twist he emphasizes: that final, epic push won't come from the everyday investors who fueled past rallies.

According to Pompliano, the real rocket fuel will be institutional money—the giant asset managers, pension funds, and corporations finally deciding they need a serious slice of the crypto pie. It's a narrative that shifts the focus from viral social media hype to the slow, grinding wheels of Wall Street adoption.

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Weekly insights + SMS (optional)

The White House Grabs the Wheel

Speaking of slow, grinding wheels, the process for creating rules for stablecoins—those cryptocurrencies pegged to assets like the dollar—just got a new driver. The White House has taken direct control of the legislative talks. Gone are the days of industry stakeholders leading the discussion. Now, the administration is coming to the table with its own draft text, aiming to bridge the long-standing gap between traditional banks and crypto-native companies.

This move signals that the government wants to steer this particular ship, potentially speeding up a process that has been stuck for years. It also means the final rules will likely bear a stronger imprint of regulatory priorities than industry wishes.

Warren's Warning and CZ's Comeback

No crypto week is complete without some political theater. Senator Elizabeth Warren, a persistent critic of the industry, made a public plea to the current administration. Her request? Don't even think about stepping in to stabilize Bitcoin's price if it tanks.

The response came swiftly from Changpeng "CZ" Zhao, the outspoken co-founder of Binance (BNB). His retort cut to the core of crypto's libertarian ethos: "Crypto never needed a bailout." It was a succinct reminder of the industry's foundational belief in operating outside the traditional government safety net, even as it seeks more regulatory clarity.

Stripe's Stablecoin Arm Scores a Key Win

In a more concrete development, the stablecoin platform Bridge, which is owned by payments giant Stripe (STRIPE), cleared a significant hurdle. It received conditional approval from the Office of the Comptroller of the Currency to form a federally chartered national trust bank.

This isn't just a paperwork victory. Once fully approved, this charter would allow Bridge to operate its stablecoin products and services under direct federal oversight. For a company linked to a major fintech player like Stripe, it's a strategic move that blends crypto innovation with the legitimacy of the traditional banking system. It's the kind of step that makes Pompliano's institutional adoption theory look a bit more plausible.

So, there you have it. A week of soaring predictions, power shifts in Washington, ideological clashes, and a tangible step toward merging crypto with mainstream finance. It was a reminder that in this space, the news isn't just about price charts—it's about the laws, leaders, and large-scale bets that will determine its future.

Crypto's Wild Week: From $1M Bitcoin Dreams to White House Stablecoin Drama

MarketDash
The crypto world was buzzing with big predictions and bigger power moves this week. Ripple's CEO is betting on a crypto bill, Pompliano is dreaming of million-dollar Bitcoin, the White House grabbed the reins on stablecoin talks, Elizabeth Warren got a crypto clapback, and a Stripe-owned company scored a key banking nod.

Get Market Alerts

Weekly insights + SMS alerts

If you thought the crypto market was quiet, think again. This past week felt less like trading and more like watching a high-stakes political drama mixed with some wildly optimistic fortune-telling. From the halls of the White House to the tweets of industry titans, everyone seemed to have a strong opinion on where digital assets are headed next.

Let's unpack the five stories that had everyone talking.

Ripple's CEO Places a Very Confident Bet

Brad Garlinghouse, the CEO of Ripple (XRP), isn't just hopeful about new crypto legislation—he's practically certain. After a high-level meeting at the White House that included his company's Chief Legal Officer and the top lawyer from Coinbase (COIN), Garlinghouse publicly increased his odds. He now predicts a 90% chance that the Clarity Act gets the green light by the end of April.

That's a bold forecast in Washington, where bills famously go to die. It suggests the behind-the-scenes conversations between crypto leaders, bankers, and regulators might be more productive than the public fighting would have you believe.

The Million-Dollar Bitcoin Question

Meanwhile, investor Anthony Pompliano was busy pondering Bitcoin's ultimate ceiling. His thesis is straightforward: if Bitcoin doesn't crash to zero (a big if for some critics), then its journey to a $1 million price tag is inevitable. But here's the twist he emphasizes: that final, epic push won't come from the everyday investors who fueled past rallies.

According to Pompliano, the real rocket fuel will be institutional money—the giant asset managers, pension funds, and corporations finally deciding they need a serious slice of the crypto pie. It's a narrative that shifts the focus from viral social media hype to the slow, grinding wheels of Wall Street adoption.

Get Market Alerts

Weekly insights + SMS (optional)

The White House Grabs the Wheel

Speaking of slow, grinding wheels, the process for creating rules for stablecoins—those cryptocurrencies pegged to assets like the dollar—just got a new driver. The White House has taken direct control of the legislative talks. Gone are the days of industry stakeholders leading the discussion. Now, the administration is coming to the table with its own draft text, aiming to bridge the long-standing gap between traditional banks and crypto-native companies.

This move signals that the government wants to steer this particular ship, potentially speeding up a process that has been stuck for years. It also means the final rules will likely bear a stronger imprint of regulatory priorities than industry wishes.

Warren's Warning and CZ's Comeback

No crypto week is complete without some political theater. Senator Elizabeth Warren, a persistent critic of the industry, made a public plea to the current administration. Her request? Don't even think about stepping in to stabilize Bitcoin's price if it tanks.

The response came swiftly from Changpeng "CZ" Zhao, the outspoken co-founder of Binance (BNB). His retort cut to the core of crypto's libertarian ethos: "Crypto never needed a bailout." It was a succinct reminder of the industry's foundational belief in operating outside the traditional government safety net, even as it seeks more regulatory clarity.

Stripe's Stablecoin Arm Scores a Key Win

In a more concrete development, the stablecoin platform Bridge, which is owned by payments giant Stripe (STRIPE), cleared a significant hurdle. It received conditional approval from the Office of the Comptroller of the Currency to form a federally chartered national trust bank.

This isn't just a paperwork victory. Once fully approved, this charter would allow Bridge to operate its stablecoin products and services under direct federal oversight. For a company linked to a major fintech player like Stripe, it's a strategic move that blends crypto innovation with the legitimacy of the traditional banking system. It's the kind of step that makes Pompliano's institutional adoption theory look a bit more plausible.

So, there you have it. A week of soaring predictions, power shifts in Washington, ideological clashes, and a tangible step toward merging crypto with mainstream finance. It was a reminder that in this space, the news isn't just about price charts—it's about the laws, leaders, and large-scale bets that will determine its future.