In a televised appearance, Coinbase said bank arguments against the proposed Bitcoin market structure bill were "total fiction" and that banks would be unaffected by the legislation.
Coinbase publicly challenged criticism from large banks over a proposed Bitcoin market structure bill, saying during a live Fox appearance that the banks’ claims were "total fiction." Coinbase also said the legislation would leave banks completely unaffected. The source does not identify the specific bill, the banks involved, or the speaker, but the dispute centers on crypto market structure legislation, which typically refers to rules defining how digital assets are classified and which regulators oversee trading, custody, and related activities.