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U.S. Senators File Amendments on Crypto Bill

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U.S. senators from both parties have filed several amendments ahead of tomorrow’s markup of the crypto market structure bill.

The markup was moved from earlier this week due to bad weather, but will now go ahead as planned, even as concerns grow over a possible U.S. government shutdown by Saturday. The proposed amendments focus on crypto oversight, consumer protection, and national security.

Senator Michael Bennet of Colorado introduced an amendment that would limit crypto ownership and related activities for government officials and their immediate family members. It is not yet clear if the committee will include this proposal in the bill.

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Senator Amy Klobuchar of Minnesota, the ranking member of the Senate Agriculture Committee, filed two amendments. One would delay the bill’s implementation until the Commodity Futures Trading Commission (CFTC) has four confirmed commissioners, including two from the minority party.

Lawmakers Propose New Amendments

The second would narrow the definition of a “retail participant” and better define the role of the Digital Commodity Retail Advocate. Other senators proposed amendments targeting specific risks in the crypto market. Senator Dick Durbin filed proposals to ban government bailouts for crypto issuers and to add stricter anti-fraud rules for crypto ATMs.

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Senators Tommy Tuberville of Alabama and Jerry Moran of Kansas introduced amendments that would limit the involvement of foreign adversaries in U.S. crypto markets. During the markup, senators will debate each amendment and vote on whether to include it in the bill. Afterward, the committee will decide whether to advance the legislation to the full Senate.

All committee members are expected to attend, as weather-related delays have been resolved. The bill is expected to move forward after gaining bipartisan support this week. Several Democratic senators have said they will not block the bill during the markup.

Senators Roger Marshall and Dick Durbin also confirmed they will not introduce an unrelated credit card fee amendment. Senator Kirsten Gillibrand said clear crypto rules are needed because digital assets work differently from traditional banking. She added that clear regulations would protect consumers, keep crypto companies in the U.S., and strengthen America’s position as a global financial hub.

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Franklin Templeton Holds Over 118M XRP in Latest ETF Filing

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR

  • Franklin Templeton’s XRP ETF holds 118 million XRP, valued at approximately $216.37 million by the end of December 2025.
  • The ETF, launched on November 24, 2025, is entirely focused on XRP, with 100% of its assets allocated to the digital asset.
  • As of February 17, 2026, the ETF’s net asset value (NAV) is $16.08, reflecting a year-to-date return of -18.54%.
  • Since its launch, the ETF has seen a 23.20% decline in returns, primarily due to fluctuations in XRP’s price.
  • Other major cryptocurrency ETFs, such as those from Bitwise and Grayscale, have contributed to the growing institutional exposure to XRP.

Franklin Templeton’s XRP exchange-traded fund (ETF), launched in late November 2025, has drawn attention for its growing holdings. The fund, trading under the ticker XRPZ, provides investors with exposure to XRP without directly purchasing the digital asset. As of December 31, 2025, the ETF’s holdings amounted to 118 million XRP, valued at $216.37 million.

118 Million XRP on the Books

According to Franklin Templeton’s latest SEC filing, the firm’s XRP ETF officially started on November 24, 2025. By the end of the year, the fund held 118,387,154 XRP, worth approximately $216.37 million. The report confirmed that 100% of the ETF’s net assets were invested in XRP.

The ETF’s primary structure focuses entirely on XRP, a pure-play approach without diversification into other assets. As of February 17, 2026, Franklin Templeton’s XRP ETF reached $243.6 million in total net assets. Despite the challenges in the crypto market, the fund has continued to attract institutional investment.

Franklin Templeton ETF Performance

Despite strong institutional interest, Franklin Templeton’s XRP ETF has faced challenges with market volatility. As of mid-February 2026, the fund’s net asset value (NAV) stood at $16.08, reflecting a year-to-date return of -18.54%. Since its inception, the ETF has experienced a decline of 23.20%, primarily due to the fluctuations in XRP’s price.

The cryptocurrency’s price saw a drop from $2.577 at launch to $1.11 by February 2026. At present, XRP price trades around $1.48, still significantly lower than its price at launch. These fluctuations have affected investor sentiment, as the firm cautions that past performance does not guarantee future results.

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Franklin Templeton’s XRP ETF is part of a broader trend of institutional involvement in cryptocurrency investment products. Other major ETFs, including those from Bitwise, Canary Capital, and Grayscale, have also accumulated significant amounts of XRP. Combined with Franklin Templeton, these ETFs now control $1.06 billion in total assets focused on XRP.

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Riot stock jumps roughly 7% as Starboard pushes $1.6 billion AI data center shift

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Bitcoin (BTC) mining stocks rallied in January despite softer BTC prices: JPMorgan

Shares of Riot Platforms (RIOT) rose nearly 9% Wednesday after activist investor Starboard Value LP released a letter pressing the company to accelerate its transition from bitcoin mining to AI infrastructure provider. The aim is for Riot to pursue high-margin artificial intelligence and high-performance computing (AI/HPC) hosting deals.

Riot’s 1.7 gigawatts of fully available power capacity make the company “well positioned to execute high-quality AI/HPC deals,” said Starboard, highlighting two of Riot’s Texas-based sites, Corsicana and Rockdale, as “premier” locations for data center development.

Starboard said that if Riot can monetize its power in line with recent transactions in the space, “it could generate more than $1.6 billion” in annual EBITDA. The group praised Riot’s recent deal with AMD, which is projected to yield $311 million over 10 years.

With a market cap of $4.25 billion, Texas-based Riot is the fifth-largest bitcoin mining company in the U.S. Its shares have risen by 19% in the past year, but remain lower by about 80% from highs hit during the 2021 bitcoin bull market. They’ve also underperformed miners like IREN, Cipher Mining, and Hut 8, which were quicker to recognize and transition to AI strategies.

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Starboard was Riot’s fourth-largest shareholder as of the end of last year, and this isn’t its first push on the company. In December 2024, Starboard requested that Riot convert some of its bitcoin mining sites into data centers capable of hosting HPC machines to support big tech companies.

While Riot Platforms has built its business around bitcoin mining, the pivot toward AI infrastructure could diversify revenue as power-hungry models like OpenAI’s GPT-4o and others drive data center demand. Riot’s power access, a rare commodity in the current energy-constrained data center market, could be used to lease capacity to major AI firms.

Starboard urged CEO Jason Les and Executive Chairman Benjamin Yi to act “with urgency” and position Riot as a long-term infrastructure provider for AI workloads.

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OpenAI Researches AI Agents Detecting Smart Contract Flaws

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OpenAI Researches AI Agents Detecting Smart Contract Flaws

OpenAI has launched a new benchmark that evaluates how well different AI models detect, patch, and even exploit security vulnerabilities found in crypto smart contracts.

OpenAI released the “EVMbench: Evaluating AI Agents on Smart Contract Security” paper on Wednesday, in collaboration with crypto investment firm Paradigm and crypto security firm OtterSec, to evaluate how much the AI agents could theoretically exploit from 120 smart contract vulnerabilities.

Anthropic’s Claude Opus 4.6 came out on top with an average “detect award” of $37,824, followed by OpenAI’s OC-GPT-5.2 and Google’s Gemini 3 Pro at $31,623 and $25,112, respectively.

Detect awards won by AI agents. Source: OpenAI

While AI agents are becoming increasingly efficient at handling basic tasks, OpenAI said it is becoming more important to evaluate their performance in “economically meaningful environments.”

“Smart contracts secure billions of dollars in assets, and AI agents are likely to be transformative for both attackers and defenders.”

“We expect agentic stablecoin payments to grow, and help ground it in a domain of emerging practical importance,” OpenAI added.

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