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Coinbase cannot support crypto bill in current form, CEO Armstrong says
Coinbase CEO and co-founder Brian Armstrong said on Wednesday the company cannot support a draft legislation U.S. senators introduced earlier this week aimed at creating a regulatory framework for cryptocurrencies. The legislation, unveiled on Monday, seeks to define when crypto tokens are securities, commodities or otherwise and would also hand policing of spot crypto markets to the Commodity Futures Trading Commission. Without the backing of Coinbase it is unclear if the markup of the bill can proceed. The firm donated millions of dollars to political action committees (PACs) aimed at getting pro-crypto candidates ... (full story)
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BREAKING: Coinbase CEO Brian Armstrong says the company cannot support Senate Banking crypto bill as written, citing defacto tokenized equities ban, DeFi prohibitions, and stablecoin rewards amendments that favor banks over competition. pic.twitter.com/YPFvuMgC7d
From thehill.com | Jan 14, 2026
A fight over whether stablecoin holders can receive reward payments has taken center stage in a push to secure bipartisan support for a key cryptocurrency market bill and advance the legislation out of the Senate Banking Committee. Despite initially being addressed in the GENIUS Act, a stablecoin President Trump bill signed into law in July, the rewards ...
From msn.com | Jan 15, 2026
The Senate Banking Committee has delayed its discussion of the much-anticipated crypto market-structure bill, hours after exchange Coinbase Global Inc. pulled its support for the latest version. In a statement issued late Wednesday, Committee Chairman Tim Scott said a markup of the legislation would be postponed as bipartisan negotiations continue. He ...
