U.S. Senator Cynthia Lummis has teamed up with Senator Ron Wyden to introduce the bipartisan Blockchain Regulatory Certainty Act, seeking to shield blockchain developers from money transmitter licensing rules. The Senate’s Clarity Act markup has been postponed to the last week of January, with officials signaling that final details are still being negotiated ahead of expected regulatory changes and a potential crypto market shift in 2026.

Zcash traded at approximately $574 on November 14, marking a 16% gain over the prior 24 hours. Bitcoin led a broader market selloff during the same period, reducing total cryptocurrency market capitalization by 2.3% to around $3.22 trillion. Institutional acquisitions of the privacy-focused token have reached 203,775 ZEC, valued at roughly $50 million.

Ethereum dropped more than 11% on Tuesday, briefly touching $3,060 before recovering to around $3,206. The decline marked ETH's steepest weekly fall since April 2025, with leveraged market liquidations exceeding $655 million—mostly from long positions.

Ethereum fell 5% to approximately $3,754 on Thursday, retesting a critical support zone above $3,700. The decline triggered over $218 million in liquidations from leveraged positions. Analysis shows heightened short interest and capital rotation from Bitcoin may signal a potential reversal.