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Geopolitical tensions are rising. Crypto legislation is stalled. And pressure on the Federal Reserve is intensifying. So why are Bitcoin and the broader crypto market holding strong?
In this episode of Bits + Bips: The Interview, Steve Ehrlich sits down with Zach Pandl, Director of Research at Grayscale Investments, to unpack what’s been driving markets since 2026 began, from Washington’s regulatory battles to global instability and the Fed’s fight to maintain independence.
They break down where U.S. crypto policy stands, why Wall Street isn’t waiting for Congress, and how macro forces like inflation, debt, and geopolitics are shaping crypto’s next move.
Host:
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- Steven Ehrlich, Host of Bits + Bips
Guest:
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- Zach Pandl, Head of Research at Grayscale
Links:
Market Structure Delay
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- Robinhood CEO warns Congress delay is hurting Americans – TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
- Senate Banking Committee postpones vote on crypto market structure legislation amid industry pushback
- Crypto bill delay ‘may ultimately be constructive’ for final product, Benchmark says
Background on Fed Pressure

