US Senate Banking Committee Cancels Market Structure Bill Meeting After Coinbase Withdrawal

U.S. Senate Democrats restarted talks on the crypto market structure bill this week, engaging in calls with industry representatives after postponing the first vote. The latest draft has faced strong pushback, with Coinbase publicly stating it cannot support the bill in its current form. This follows earlier delays after Coinbase withdrew support, and ongoing disputes over key clauses. Negotiations continue involving lawmakers, industry stakeholders, and the White House on issues such as tokenization provisions and ethics requirements.

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