In a significant turn of events, Coinbase has withdrawn its support for the crypto market structure bill, leading to the cancellation of a crucial Senate Banking Committee hearing. This development has sparked a fresh wave of negotiations among lawmakers and industry stakeholders, as The source reports that various parties are now seeking alternative solutions to address the regulatory landscape.
Coinbase's Stance on the Bill
Coinbase, a key player in the discussions surrounding the bill, announced that it could not endorse the current text released for consideration. This decision has resulted in the Senate Banking Committee scrapping the planned markup hearing, which was intended to advance the legislative process.
Concerns Over Crypto Regulation
The cancellation has raised concerns about the future of crypto regulation in the United States, as it delays the potential establishment of a comprehensive framework for the industry. Lawmakers and industry representatives are now re-engaging in discussions to address the concerns raised by Coinbase and to seek a consensus that could facilitate the bill's progress.
Following Coinbase's recent withdrawal of support for the crypto market structure bill, the exchange is rumored to be considering the addition of Seeker (SKR) and FIGHT tokens to its listing roadmap. For more details, read more.
