New York, Jan 16, 2026, 17:32 EST — After-hours
- Robinhood shares slipped 1.4% on Friday, following a steep 7.8% plunge the day before.
- Traders are zeroed in on a stalled U.S. Senate crypto market-structure bill following objections from Coinbase’s CEO to the draft text.
- Upcoming milestones: new legislative text set for Jan. 21, followed by Robinhood’s results on Feb. 10.
Robinhood Markets shares closed Friday down 1.4% at $108.76, then edged up a bit in after-hours trading following a turbulent week for crypto-related stocks. The stock had dropped 7.8% on Thursday. (Investing)
This matters because Robinhood is frequently seen as a barometer for retail risk appetite, especially in crypto. When Washington hesitates on crypto regulations, traders quickly adjust prices on assets linked to trading volumes, spreads, and user engagement.
Recent selling reflects renewed doubts over the Digital Asset Market Clarity Act, a much-anticipated bill aiming to establish federal guidelines for cryptocurrencies. (Reuters)
A U.S. Senate committee delayed its scheduled debate on the bill following comments from Coinbase CEO Brian Armstrong, who said the company couldn’t back it “in its current form,” Reuters reported. Armstrong argued, “We’d rather have no bill than a bad bill,” highlighting issues like restrictions on stablecoin rewards and worries over regulator oversight. (Reuters)
Senate Banking Committee Chairman Tim Scott announced in Washington that the markup is delayed as bipartisan talks carry on, emphasizing that “everyone remains at the table working in good faith.” The committee’s schedule now lists the session as postponed. (Senate Banking Committee)
Stablecoin jargon has turned into a hot button for investors. These tokens usually track the dollar, while so-called “rewards” often act like yield for users. Reuters flagged a clash between banks and crypto companies on whether these payouts ought to be limited or regulated as interest. (Reuters)
Crypto prices slipped, with bitcoin falling roughly 0.4%. Meanwhile, Coinbase shares edged up slightly late Friday.
Capitol Hill is gearing up for action: the Senate Agriculture Committee announced it will release the legislative text by the end of Jan. 21, with a committee markup scheduled for Jan. 27. (Senate Committee on Agriculture)
Robinhood is set to release its fourth-quarter and full-year 2025 results on Feb. 10, after the market closes. The company will hold a 5 p.m. ET call with CEO Vlad Tenev and incoming CFO Shiv Verma. (GlobeNewswire)
A major risk remains that the market-structure battle stretches out or the final bill emerges in a form the industry rejects, dampening sentiment toward crypto-exposed brokers and exchanges. A steeper drop in bitcoin would probably intensify that pressure.
Traders are zeroing in on the legislative text set for Jan. 21, along with any Senate Banking markup that gets rescheduled. After that, eyes will shift to Robinhood’s Feb. 10 earnings to gauge trading demand and crypto-related income. (Senate Committee on Agriculture)
