
Coinbase CEO Drops Support, Jeopardizing Key Crypto Bill
A key Senate vote on cryptocurrency regulation is uncertain after Coinbase CEO Brian Armstrong withdrew his support for the bill, citing concerns over provisions regarding stablecoin rewards and market structure. The legislation, a priority for the crypto industry, aims to clarify regulatory oversight and address classification challenges, but faces opposition from both crypto advocates and the banking sector. Disagreements over stablecoin yield offerings, similar to savings accounts, have emerged as a major sticking point.



















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