Bitcoin Holds Amid Senate Delays
US senate delays crypto bill
The US Senate Banking Committee has postponed its scheduled markup of a high‑profile cryptocurrency regulatory bill following public opposition from Coinbase CEO Brian Armstrong. The draft legislation, often referred to as the Digital Asset Market Clarity Act or a crypto market‑structure bill, was expected to be debated in committee this week but was delayed late Wednesday after Coinbase withdrew its support. The bill aimed to clarify how digital assets should be regulated in the United States, including defining when tokens are securities or commodities and determining the role of regulators such as the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange…
