James Wynn faced 12 liquidations and $541,000 in realized losses over 24 hours as of Jan. 7, Lookonchain data show. His ETH long position carries a $94,000 unrealized loss, with entry at $3,252.31 and liquidation price at $3,115.69. Lookonchain also tracked a PEPE long position.

The US Senate Banking Committee will review the Crypto Market Structure Bill (CLARITY) on January 15, 2026, as members and staff work to secure bipartisan agreement on unresolved issues, crypto journalist Eleanor Terrett reports. A three-hour meeting held Tuesday in Committee Chair Tim Scott's office addressed ethics rules for public officials related to crypto, stablecoin yield questions, bipartisan representation among crypto regulators, and several DeFi-specific provisions, with 13 pro-crypto senators in attendance and both Republicans and Democrats expressing optimism about potential two-party support. The crypto industry is ramping up lobbying efforts this week, including a Thursday advocacy event hosted by the Chamber of Digital Commerce on Capitol Hill at 10 a.m., featuring Patrick Witte, Executive Director of the White House Crypto Council, and Wyoming Republican Senator Cynthia Lummis, with more than 40 representatives from firms such as Unicoin, Anchorage Digital, eToro, Coinflip, Input Output Group, Arca, Bitdeer, Binance.US, Crypto.com, VanEck, Hedera, Mara and Helium expected to attend. Several industry leaders are also set to hold private meetings with senators this week to address remaining questions around DeFi and stablecoin yields.