Coinbase pulls support from the US Senate's crypto market structure bill ahead of a key vote; CEO Brian Armstrong says there are “too many issues” with the bill
CEO Brian Armstrong said there were “too many issues” with the bill. — Coinbase CEO Brian Armstrong said the exchange …
CoinDesk Nikhilesh De
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Discussion
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@brian_armstrong
Brian Armstrong
on x
After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can't support the bill as written. There are too many issues, including: - A defacto ban on tokenized equities - DeFi prohibitions, giving the government unlimited access to your financial
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@brendanpedersen
Brendan Pedersen
on x
News: The Senate Banking Committee will delay its markup of a landmark crypto bill, according to a notice sent out to staff tonight. The bill, which has been subject to months of bipartisan negotiations, was dealt a massive blow Wednesday by Coinbase CEO Brian Armstrong [image]
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r/CryptoCurrency
r
on reddit
Coinbase CEO Brian Armstrong Torpedoes Senate Crypto Bill