Crypto Industry Opposes US Bill It Once Supported to Regulate Digital Assets
The crypto industry faces a significant shift as it opposes a U.S. bill it previously supported for regulating digital assets. This change is causing considerable debate among industry leaders and lawmakers alike.
Background on the Crypto Bill
Originally, the legislation aimed to establish a clearer framework for digital asset regulation. Key stakeholders, including major firms like Coinbase, had endorsed this initiative as a necessary step toward better market oversight.
Recent Developments
- Several Senators are committed to reviving the proposed crypto bill.
- Coinbase, a leading player in the crypto market, has indicated its growing influence in Washington.
Concerns Raised by the Industry
Despite initial…
