Coinbase pulls support for crypto bill: ‘no bill’ better than ‘bad bill’
Coinbase has announced that it will withdraw its support for a proposed cryptocurrency bill, stating that it prefers having no legislation at all rather than endorsing a "bad bill." The company expressed concerns that the current version of the bill could hinder innovation and impose excessive regulations on the crypto industry. Coinbase's decision reflects its commitment to advocating for a regulatory framework that fosters growth and protects consumers without stifling the market. The move highlights ongoing tensions in the legislative landscape surrounding cryptocurrency regulation.
Read the full article: Coin Telegraph