Coinbase Withdrawal Sparks Weeks-Long Delay for Key Crypto Bill in Senate Banking Committee

A major cryptocurrency regulatory bill faces a significant setback of several weeks in the U.S. Senate Banking Committee. The delay follows the withdrawal of support from leading crypto exchange Coinbase. The bill, which aims to establish a clearer regulatory framework for digital assets, is now undergoing further revisions and review. This postponement highlights the ongoing challenges and complex negotiations involved in crafting comprehensive crypto legislation in Washington. Market observers note that the delay creates continued regulatory uncertainty for the industry, potentially impacting investor sentiment and the pace of institutional adoption in the near term.