Cryptocurrency Market Structure Regulations Under Threat: Warning Signs from the Banking World

The cryptocurrency industry faces a critical moment with the threat of a collapse in the proposed regulatory framework. Signals of concern are emanating from industry leaders, particularly Mike Novogratz of Galaxy Digital, who outlined the real risks of a failure in the crypto market structure on platform X. According to ChainCatcher, the core issue lies in the fundamental tension surrounding the regulation outcomes of stablecoins, reflecting the complex political dynamics influencing modern financial policy formation.

Conflict of Interest: Banks versus Crypto Platforms

The traditional banking sector has reportedly shown strong resistance to crypto platforms that incentivize users. Their concerns focus on the worst-case scenario if efforts to regulate the market structure fail entirely. Novogratz firmly states that if the legal framework stalls, responsibility will fall on banking institutions and several senators from both parties supporting their interests. The most significant impact will be felt by American consumers, who are the most affected parties in this power struggle.

Macro-Economic Warnings and Market Danger Signs

Novogratz also raised alarms about concerning macroeconomic indicators. The movement of gold prices is concrete evidence that the US dollar is progressively losing its position as the global reserve currency. Massive sales of long-term bonds add to the list of negative signals that cannot be ignored. In this context, Bitcoin’s performance shows momentum that is not yet optimal, continuously recording ongoing selling pressure. To validate a return to a sustained upward trend, this largest digital asset needs to penetrate the $100,000-$103,000 level as a concrete technical confirmation.

Currently, Bitcoin is experiencing a consolidation period with a price of $82.88K (as of January 30, 2026), still requiring significant room to reach the resistance levels mentioned. The combination of regulatory threats to the crypto market structure, global macroeconomic pressures, and limited market momentum creates a complex landscape for investors and policymakers. Novogratz’s hope that rationality will guide final decisions reflects confidence that an appropriate market structure can serve as a foundation for sustainable industry growth.