Market Structure Bill Markup Postponed After Coinbase Pulls Backing
What was shaping up to be a pivotal week for U.S. crypto regulation took an unexpected turn on Wednesday. After months of bipartisan negotiations, the market structure bill’s path forward hit a setback when crypto giant Coinbase pulled its support for the Senate Banking Committee’s long-awaited draft, citing core issues around DeFi, privacy, and stablecoin yield.