Crypto Stocks to Watch After the Crypto Market Structure Bill Cancellation; MSTR, COIN, CRCL, BMNR, TSLA

The cancellation of the Crypto Market Structure Bill has shifted investor attention away from near-term regulatory clarity and back toward technical structure and balance-sheet exposure across crypto-linked stocks. 

With the bill removed as a catalyst, crypto-linked stocks are diverging based on technical structure and balance-sheet exposure. This divergence highlights how markets are repricing risk now that the Crypto Market Structure Bill is no longer an immediate catalyst.

Cancellation of the Crypto Market Structure Bill reshapes market focus

The Senate Banking Committee’s decision to cancel the vote on the Crypto Market Structure Bill marked a meaningful setback for regulatory momentum in the US. The action came after the withdrawal of support by Coinbase CEO Brian Armstrong. He suggested reasons such as the overly high surveillance requirements to a weaker CFTC and limiting language about DeFi and stablecoins. Instead of developing a weakened framework, the leaders of the industry chose to stop the process completely.

For markets, the delay in the Crypto Market Structure Bill removes a policy-driven tailwind that had been quietly priced into several crypto-related equities. Without the clarity in the legislature, investors are moving towards technical levels, liquidity levels, and company-specific exposure to crypto assets. This has led to a greater dispersion of stocks in favor of names with good structural structures, as opposed to names in which regulatory optimism is of a significant concern.

MicroStrategy (MSTR) Stock

MicroStrategy remains the most direct equity proxy for Bitcoin, making it highly sensitive to sentiment shifts following the Crypto Market Structure Bill cancellation. The share has been trading off its weekly Point of Control, a large-volume zone. The region has served as an institutional accommodation zone in the past. 

The response indicates that buyers are maintaining a primary liquidity shelf, and they are not trying to follow momentum. At press time, MSTR stock price was trading at $179.33, reflecting a modest rebound from recent lows. 

Although the move is not a positive confirmation of a long-term bottom, the short-term structure has been able to improve. With regulatory clarity delayed by the stalled Crypto Market Structure Bill, MicroStrategy’s price action is once again being driven primarily by Bitcoin’s behavior. 

Still, so long as BTC is stable, the downside of MSTR seems more and more confined, and the company can be considered as a tactical positioning rather than structural conviction.

$MSTR is bouncing off the weekly Point of Control to perfection.

We’ve been expecting a bounce off that 1B share support shelf and a rally toward $250.

My system still doesn’t see this as a true long-term bottom yet, but the short‑term bottom looks in. ✅ pic.twitter.com/roqMQiRKJG

— Peter DiCarlo (@pdicarlotrader) January 14, 2026

Coinbase (COIN) Stock

Coinbase sits closest to the regulatory crosscurrents surrounding the Crypto Market Structure Bill, making its chart especially important. COIN is currently experimenting with an age-old support line which has also resulted in powerful rebounds before. 

The level has numerously established higher lows in the past periods of consolidation, which makes it technically significant. At press time, COIN stock price was trading at $255.86, as the stock tested a long-standing ascending support trendline.

Should this trendline maintain, COIN would enjoy a new run to the upside but on the basis of the market structure instead of policy advancement. However, a breakdown would reflect deeper concern that delays to the Crypto Market Structure Bill may extend regulatory uncertainty for exchanges.

In contrast to miners or treasury-heavy businesses, the value proposition at Coinbase could be largely determined by the regulatory framework eventually. Its current support test is a major indicator of confidence in the wider market.

Coinbase $COIN is testing a key support trendline that has sparked strong rebounds before.

If it holds, expect an upswing to $300–$400. pic.twitter.com/NeieGijPDs

— Ali Charts (@alicharts) January 15, 2026

Circle Internet Group (CRCL) Stock

Circle’s price action has compressed into a flag formation, reflecting indecision as the Crypto Market Structure Bill remains unresolved. This is a consolidation as opposed to capitulation where either the buyers or the sellers are waiting to get a straight direction. 

Technically, the trend suggests a decisive step forward, and this depends on the development of sentiment concerning the regulation of stablecoins. At the time of press, CRCL stock price was trading at $84.18, slightly lower on the session. 

The stalled Crypto Market Structure Bill is particularly relevant for CRCL, as earlier drafts contained provisions that could have reshaped stablecoin competition and banking access. 

Those rules are now put on hold, and Circle is being valued based more on the structure of the chart than anticipated regulation. The prevailing arrangement indicates a high volatility risk after the price settles out of this tightening zone.

Circle $CRCL forms a flag, targeting $46.25. pic.twitter.com/22AeMLdN6S

— Ali Charts (@alicharts) January 15, 2026

BitMine Immersion Technologies (BMNR) Stock

BitMine is showing early signs of a potential structural shift despite the broader uncertainty created by the Crypto Market Structure Bill delay. The stock is yet to break out.  However, volume-profile analysis indicates that it has a definite liquidity vacuum above the current levels. This implies that when resistance surrenders, the price might explode to the next high-volume node. At press time, BMNR stock price was trading at $33.06, posting a modest gain on the day.

In the absence of legislative catalysts from the Crypto Market Structure Bill, speculative capital is increasingly gravitating toward miners with asymmetric technical setups. 

BMNR is such a profile as it combines compression under resistance and solid support. Confirmation is still required, and the form of the stock is keeping it on the alert with traders peeking under the headlines of the policy.

$BMNR might not have broken out today, but it will be soon. Even conservatively, we'll get to the next volume cliff in the next few quarters. pic.twitter.com/fBFtd6twll

— Micro2Macr0 (@Micro2Macr0) January 14, 2026

Tesla (TSLA) Stock 

Tesla’s relevance in the context of the Crypto Market Structure Bill is more indirect, tied to its historical Bitcoin exposure and sensitivity to broader risk conditions. As opposed to other entries in this list, TSLA now has valuation pressure due to falling earnings projections and decreasing sales growth of EVs.

While the Crypto Market Structure Bill does not directly impact Tesla’s core business, shifts in liquidity and risk appetite still influence its price action. At the time of writing, TSLA stock price was trading at $439.20, reflecting continued pressure amid declining earnings expectations.

With the regulatory uncertainty still at a high level, Tesla continues to operate as more of a barometer of macro sentiment rather than as a direct crypto beneficiary. This is a defensive position of TSLA compared with more crypto-native equities.

$TSLA can’t trade at a 200x+ forward P/E if EV sales continue to decline. I realize TSLA isn’t just a car company, but that doesn’t make mathematical sense when EVs still make up 72% of $TSLA profits. Meanwhile both near-term 2026 and long-term 2030 Adj EPS estimates continue… pic.twitter.com/qoiSV5gpvZ

— Gary Black (@garyblack00) January 13, 2026

Summary 

The cancellation of the Crypto Market Structure Bill has reshaped the landscape for crypto-linked stocks, replacing policy-driven optimism with a renewed focus on technical structure and balance-sheet exposure. 

With regulatory clarity still lagging behind markets are rewarding companies which are well set up, and punishing those ones which rely on legislative developments. Until the Crypto Market Structure Bill re-enters the agenda, price action, not policy, will remain the primary driver across this sector.