This week in crypto reveals concerning developments for the industry. U.S. lawmakers have advanced stablecoin legislation, signaling increased regulatory scrutiny that may stifle innovation. GameStop's $1.5 billion investment in Bitcoin highlights the volatile nature of corporate involvement in crypto, raising questions about long-term sustainability. Galaxy Digital's settlement over LUNA promotion underscores the risks associated with speculative ventures. Meanwhile, significant inflows into Bitcoin ETFs amid market volatility suggest investor uncertainty and potential market instability.