Coinbase Pulls Support for Senate Crypto Market Structure Bill Ahead of Key Vote
Quick Take
Coinbase has announced it cannot support the current draft of the Senate Banking Committee’s crypto market structure bill.
CEO Brian Armstrong highlighted issues including a de facto ban on tokenized equities, DeFi prohibitions that erode privacy, erosion of CFTC authority, and threats to stablecoin rewards.
The Senate Banking Committee is scheduled to mark up the bill on Thursday, January 15, 2026.
The decision comes amid ongoing t…
Lummis and Wyden Introduce Bill to Exempt Non-Custodial Blockchain Developers from Money Transmitter Rules
Bipartisan legislation introduced to protect non-custodial blockchain developers.
Safe harbor exempts software creators without user fund control from money transmitter licensing.
Addresses regulatory uncertainty impacting DeFi and open-source projects.
Standalone bill signals priority amid broader crypto market structure talks.
U.S. Senators Cynthia Lummis (R-WY) and Ron Wyden (D-OR) introduced the Blockchain Regulatory Certainty Act on Jan…
Fed Chair Jerome Powell Discloses Ongoing Federal Criminal Investigation, Calls It ‘Pretext’
Federal Reserve Chair Jerome Powell personally disclosed an active federal criminal investigation in a video statement.
The probe focuses on Powell’s earlier congressional testimony regarding a Fed office building renovation project.
Powell described the allegations as a “pretext” aimed at undermining central bank independence.
Bitcoin briefly surpassed $92,000 following the news amid broader market volatility.
Federal Res…