Coinbase VP says ‘fatal flaws’ in Senate crypto bill forced sudden withdrawal of support
Coinbase's Vice President has stated that "fatal flaws" in a recent Senate crypto bill led the company to abruptly withdraw its support for the legislation. The VP highlighted concerns regarding regulatory clarity and the potential negative impact on innovation within the crypto industry. Coinbase's decision reflects broader apprehensions among crypto advocates about the bill's implications for the future of digital assets. The withdrawal underscores the ongoing challenges in achieving bipartisan consensus on crypto regulation in the U.S.
Read the full article: CoinDesk