Stalled US crypto bill leaves banks in regulatory limbo, experts warn
A last-minute public intervention by Brian Armstrong, chief executive of Coinbase, has delayed progress on the Digital Asset Market Clarity Act, stalling legislation that supporters say is needed to give banks regulatory certainty as they expand into digital assets.
The delay has frustrated some lawmakers, who argue that the bill would reduce systemic risk by clarifying how crypto-related activities are regulated. While Democrat critics describe the proposal as risky and premature, several legal experts and industry observers warn that prolonged uncertainty could itself create operational and compliance risks for banks.
