Coinbase pulls support from crypto market structure bill
Coinbase has withdrawn its support for a bipartisan bill aimed at establishing a regulatory framework for the cryptocurrency market. The bill, which sought to clarify the roles of the SEC and CFTC in overseeing digital assets, faced criticism from various industry stakeholders. Coinbase's decision comes amid ongoing debates about the regulatory approach to cryptocurrencies and concerns over potential overreach. The company emphasized the need for a more balanced regulatory environment that fosters innovation while ensuring consumer protection. This move reflects the growing tensions between crypto firms and regulators as the industry continues to evolve.
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