Why Coinbase Dropped Support for the Crypto Market Structure Bill – Industry Shaken

Shocking Shift: Coinbase Backs Away from Key Legislation

In a move that has sent ripples through the crypto world, . This major exchange, a leader in the industry, had been a strong backer of efforts to create clear rules for digital assets. Now, their decision raises big questions about the future of regulation in the US.

The bill in question aims to define how crypto should be overseen. It would split duties between the SEC and CFTC, giving clearer paths for innovation. But Coinbase says recent changes make it flawed. Let’s break down what happened, why it matters, and what comes next.

What is the ?

The , often called FIT21 or similar proposals, is a push by lawmakers to fix the regulatory mess in crypto. Right now, the SEC claims most…

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