CoinDesk••1 min read
Coinbase Withdraws Support for Senate Crypto Bill Citing 'Fatal Flaws'
The Signal TakeBearish
A Coinbase VP has stated that the company withdrew its support for a Senate crypto bill due to what they describe as "fatal flaws". According to CoinDesk, Kara Calvert, VP of US Policy at Coinbase, explained the reasons behind the company's change of stance on the legislation. The decision to withdraw support came just hours before a scheduled markup, suggesting a late-stage reevaluation of the bill's implications for Coinbase.
📱
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.
Related News
Senate, House reach agreement on housing bill banning CBDC through 2030
The Block•1h ago
BitGo offers Europe’s crypto firms a MiCA-compliance lifeline as license deadline looms
CoinDesk•2h ago
Forget the price charts. Here's how bitcoin and S&P 500 look like when adjusted for the money printer
CoinDesk•2h ago
US gaming industry groups urge Senate to ban sports prediction markets in crypto bill: report
The Block•4h ago