Senators Postpone Crypto Market Bill as Coinbase Flexes Its Muscle in Washington
On Wednesday evening, the Senate Banking Committee delayed final discussions around a bill for creating greater regulatory clarity for crypto in the United States, fittingly known as the Clarity Act. The decision came as Coinbase CEO and deep-pocketed political donor Brian Armstrong went public with his complaints about the bill.
The Senate Agriculture Committee had also already pushed back their debates around their version of the bill until January 27th. Both committees were originally scheduled to have markups on their respective versions of the bill on Thursday.
Once finalized, both versions will be combined and voted on by the entire Senate. The House already passed its version of the Clarity Act last year, so the…
