In brief
- Coinbase abruptly pulled support for the Senate crypto market structure bill hours before a key Banking Committee vote.
- Coinbase CEO Brian Armstrong called the legislation “worse than the status quo.”
- The company has been fighting the banking lobby this week on provisions in the bill regarding stablecoin rewards.
With less than 24 hours to go until a make-or-break vote on the crypto industry’s long-coveted market structure bill, America’s most powerful crypto company has abruptly pulled its support for the legislation.
Coinbase CEO Brian Armstrong announced Wednesday afternoon that the company—one of the industry’s most influential players in Washington—is pulling its support for the bill in its current form, just…
Jan 15 2026
