Crypto Industry Divided as Coinbase Withdraws Support for Market Structure Bill
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Industry Division: Coinbase CEO Brian Armstrong stated that the current market structure bill has “too many issues,” including a de facto ban on tokenized equities and restrictions on DeFi, highlighting increasing internal divisions within the crypto industry that could impact future legislative processes.
- Legislation Delay: The Senate markup of the CLARITY Act, originally scheduled for this week, has been postponed, reflecting the challenges lawmakers face in balancing regulation and innovation, which may increase uncertainty in the crypto market and affect investor confidence.
- Positive Market Reaction: Despite the controversy, OKX Singapore CEO Gracie Lin noted that Bitcoin…
