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Bankless

ROLLUP: Clarity Bill Stalls | Powell vs. Trump | NYC Meme Rug | Silver Explodes | X Adds Crypto

Bankless

Bankless

Technology, Tech News, News

4.71.2K Ratings

🗓️ 16 January 2026

⏱️ 67 minutes

🧾️ Download transcript

Summary

Washington takes center stage this week as crypto collides with power, policy, and markets. Ryan and David break down the CLARITY Act fight in the Senate, why banks want to kill stablecoin yield, and why Coinbase says the bill may be worse than no bill at all. They also unpack Trump’s DOJ targeting Jerome Powell and what it means for Fed independence, silver’s explosive move as markets search for safety, X’s push toward becoming a crypto super app, and the NYC mayor’s meme coin disaster. Plus: Tom Lee’s surprising MrBeast investment and what it signals about capital, culture, and crypto’s next phase. --- 📣ZAMA | $ZAMA PUBLIC AUCTION  https://bankless.cc/zama-auction --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🏅BITGET TRADFI | TRADE GOLD WITH USDT https://bankless.cc/bitget 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://bankless.cc/TDR-pro 💰ICO WATCH | UPCOMING PUBLIC TOKEN SALES https://bankless.cc/ico-watch --- TIMESTAMPS & RESOURCES 0:00 Intro 2:25 DOJ opened an investigation into Jerome Powell https://x.com/federalreserve/status/2010510130970849338  https://x.com/federalreserve/status/2010510130970849338 https://x.com/LynAldenContact/status/2010526966953202125 https://www.reuters.com/legal/government/powell-probe-highlights-trump-doj-role-white-house-enforcer-2026-01-14/ https://polymarket.com/event/jerome-powell-out-as-fed-chair-by 10:44 Markets https://x.com/JesseCohenInv/status/2011311082896572766 https://www.coinnews.net/2025/01/09/american-silver-eagle-series-welcomes-2025-w-proof-edition/ https://www.google.com/finance/beta/quote/GLD:NYSEARCA https://x.com/echodatruth/status/2010568502474571870 https://www.cnbc.com/2026/01/13/cpi-inflation-report-december-2026.html https://polymarket.com/dashboards/fed-rates 20:52 Most important Legislation for crypto…ever? https://x.com/Cointelegraph/status/2010709769187676430 https://x.com/DavidMMcintosh/status/2010389058271289845 https://www.aba.com/-/media/documents/letters-to-congress-and-regulators/ltrsenatestablecoin20260105.pdf https://www.coindesk.com/policy/2026/01/11/jpmorgan-downplays-stablecoin-threat-as-local-bankers-warn-of-usd6-6t-risk https://x.com/EleanorTerrett/status/2009795675635306737 https://x.com/USTransparent https://x.com/haydenzadams/status/2009809558605299914 https://x.com/SenLummis/status/2010939496830030038 https://x.com/jchervinsky/status/2011464338528166081 https://x.com/jchervinsky/status/2011464341556428936 https://x.com/davidsacks47/status/2011650262361129193 https://polymarket.com/event/clarity-act-signed-into-law-in-2026 https://x.com/Matt_Hougan/status/2010841027800895514 42:09 NYC Mayor Eric Adams issued a memecoin https://x.com/runecrypto_/status/2010847811781230781 https://x.com/ericadamsfornyc/status/2010849167258566727 https://x.com/bubblemaps/status/2010890093431832789 https://x.com/ericadamsfornyc/status/2011541285354815932 https://x.com/buynyctoken/status/2011501230288257452 https://x.com/haydenzadams/status/2010945632505127317 46:41 TOM LEE - BITMINE….invests $200m in MR BEAST MEDIA https://x.com/DegenerateNews/status/2011774463818518813  https://x.com/DegenerateNews/status/2011810278980120830  49:53 World Liberty Financial launched a lending platform https://worldlibertyfinancial.com/markets https://www.coindesk.com/policy/2026/01/13/senate-s-warren-wlfi-tied-bank-application-should-be-halted-until-trump-divests https://www.coingecko.com/en/coins/dolomite 51:45 Polygon….ALL IN on STABLECOIN STACK with two major acquisitions https://x.com/0xPolygon/status/2011076681302446556 https://x.com/HadickM/status/2011099510957580437 https://x.com/sandeepnailwal/status/2009763000895344766 https://x.com/obchakevich_/status/2008876239285637419 54:21 X is rolling out Smart Cashtags & Killing InfoFi https://x.com/nikitabier/status/2010277345651990564 https://x.com/jessepollak/status/2010404608263520356 https://www.theblock.co/post/385805/kaito-token-plummets-x-revises-api-policies-ban-infofi-crypto-projects https://x.com/nikitabier/status/2011825522817270230 https://www.coingecko.com/en/coins/kaito 58:33 BitGo IPO - $2 billion! ($100 billion in custody) https://x.com/AccessIPOs/status/2010727529238417549 59:16 The Golden Globes integrated Polymarket into their broadcast https://x.com/shayne_coplan/status/2010862175607488709 1:00:38 David’s Market of the Week https://polymarket.com/event/khamenei-out-as-supreme-leader-of-iran-by-january-31 https://x.com/polymarket/status/2009382529384497184 1:05:00 Closing & Disclaimers --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Transcript

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0:00.0

Bankless Nation is the third week of January's time for the Bankless weekly rollup.

0:09.1

The Clarity Bill. It took front and center. It was in the Senate. It was a big conversation this week.

0:13.4

It's probably the most important bill for crypto. I would say, David, even above the genius bill, which was much more straightforward, much more simple. But the clarity bill is supposed to do what we hope, which is provide clarity to crypto on what's legal in the U.S. and what's not. There's some horse trading going on, though. The bank lobby hates... Horse trading. Horse trading. Horse trading. I've never heard of this phrase. Yeah, horse trading. It's like all the parties are, you know, negotiating together to see what they can get in and what they'll tolerate and what they won't. You know, it's all the lobby is working. Okay, we're negotiating. Yeah, yeah, yeah. Bank lobby wants to kill stable coin yield. They don't want you to have that, David, you in particular. Right. Also, Coinbase is now rage quitting as of the latest. They say, they saw that. They withdrew their support. They did.

0:55.1

The current version of the bill, they say, is worse than it not passing. But there are some

0:59.1

still that I appreciate and respect in crypto that still like this bill, even as is. They say it's

1:04.2

passable. Of course, they'd be on the Coinbase side of things in general, but we got to figure

1:08.8

all that out, uncover the bill, and also figure out whether

1:12.9

it's going to pass or if we actually want it.

1:16.8

Yeah, yeah.

1:17.4

And what is it going to take?

1:18.7

What do we have to give up to get that to pass versus what can we win?

1:22.9

But there's plenty of other things to talk about.

1:24.7

Jerome Powell, under criminal investigation from Trump's Department

1:27.7

of Justice, is the central bank able to remain independent? And also, also in the world of finance

1:34.7

and our government leaders, former New York City mayor, Eric Adams, issues a meme coin. And you can

1:41.7

guess what happens next, right? What you can happen next? What after merely hours after he issued the meme coin? you can guess what happens next right when you can happen next what after merely hours

1:46.7

after you issued the meme coin well the first step when you launch a meme coin is you launch it and the

1:51.2

second step is always you got to rug people you got to rug people as many people as you can don't tell me

1:56.1

that's what happened story was any different we're also talking about it everyone placed your bets yeah we're going to talk about it. Everyone placed your bets.

2:01.7

Yeah.

2:01.9

I'm going to talk about the silver, silver going absolutely parabolic and X rolling out

2:06.5

crypto integrations while also killing InfoFi, which I think is a fantastic thing.

...

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