GameStop Transfers Bitcoin to Coinbase | Senate Democrats Amend Crypto Bill | UK Regulates Crypto

Casey Halston

Published: January 27, 2026 5:43 AM ET

In a significant move, GameStop has transferred its entire Bitcoin holdings to Coinbase Prime. This decision involves a total of 4,710 BTC, valued at approximately $420 million. This transfer raises questions about the company’s treasury strategies as it navigates the evolving cryptocurrency landscape.

GameStop Transfers Bitcoin to Coinbase

Blockchain analytics firm CryptoQuant confirmed that the wallet associated with GameStop executed the transfer of its significant Bitcoin assets. This shift has led industry observers to speculate that GameStop might be reconsidering its strategy regarding Bitcoin treasury management.

Senate Democrats Amend Crypto Bill

In legislative developments, several U.S. Senate Democrats filed amendments to reshape the Republican-led cryptocurrency bill. These proposed changes aim to address critical policy concerns within the framework of the current draft legislation under consideration.

Key Objectives of Proposed Amendments

Enhance consumer protections within the crypto market.
Introduce provisions for regulatory clarity and oversight.
Encourage innovation while ensuring compliance with financial regulations.

UK Regulates Crypto Firms

The UK Financial Conduct Authority (FCA) has reached the final consultation stage for regulating cryptocurrency firms. This process includes the publication of guidance on consumer duty application specific to crypto operations.

Feedback and Implementation Timeline

The FCA has solicited feedback until March 12 on proposed additional rules. It aims to open the application gateway for crypto asset permissions by September 2026.

Global Developments Impacting Cryptocurrency

Several key players in the crypto industry are actively expanding their operations. Binance co-founder Changpeng Zhao predicted significant shifts in Bitcoin’s traditional cycle. He anticipates that supportive policies from many nations will reshape the market dynamics.

Additional Updates in the Cryptocurrency Sector

UBS Group: The Swiss bank plans to enable cryptocurrency investing for select private clients.
Revolut: The fintech firm is pursuing a de novo banking charter in the U.S., moving away from its previous acquisition strategies.
Ledger: The crypto wallet manufacturer is aiming for a public offering on the New York Stock Exchange this year.
BitGo: The digital asset company recently debuted on the NYSE, raising significant capital.
Hong Kong: The region will begin issuing stablecoin licenses in the first quarter following new regulatory frameworks.

As the landscape for cryptocurrency continues to evolve, these developments highlight the growing influence of regulatory decisions and corporate strategies in the market.