Crypto market dips as Senate postpones market-structure bill discussion after Coinbase withdrawal
The cryptocurrency market trades in the red on Thursday after the US Senate Banking Committee (SBC) postponed discussions on crypto market structure following Coinbase’s withdrawal of support due to multiple issues. Bitcoin (BTC) drops 1% by press time on Thursday, while Ethereum (ETH), Ripple (XRP), Solana (SOL), and other major altcoins decline further, leading to a spike in long liquidations.
Senate postpones the digital asset market structure discussion amid industry warnings
The US Senate Banking Committee canceled the markup of the digital asset market structure on Thursday, postponing it as bipartisan negotiations continue. SBC Chairman Tim Scott announced in an official statement that bipartisan leaders, alongside the crypto and…
