Coinbase Withdraws Support for Crypto Bill on Eve of Key Senate Vote
The move could derail efforts to get crypto’s coveted market structure bill over the finish line....
Jan 14DecryptcryptocurrencyImpact
The move could derail efforts to get crypto’s coveted market structure bill over the finish line....
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The submissions add to mounting pressure on regulators as Coinbase CEO Brian Armstrong calls for compromise to pass market structure legislation....
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Crypto industry leaders scrambled Thursday to salvage the market structure bill—but some conceded the bill now has lower chances of passage....
The initiative comes as enforcement actions and pending market structure legislation raise questions about how privacy tools and open-source developers are treated....
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Galaxy says the draft crypto market structure bill would give the US Treasury new powers to freeze transactions and deploy Patriot Act–style measures....
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A top Russian lawmaker says crypto “will be a common occurrence” in the country, with plans for a bill to deregulate the market for retail use....