Here's why Coinbase and other companies soured on major crypto bill

Coinbase and other cryptocurrency companies have expressed dissatisfaction with a major crypto bill due to concerns over its regulatory framework and potential implications for the industry. Key issues include the bill's vague definitions of digital assets and the increased regulatory burden it may impose on businesses. Critics argue that the legislation could stifle innovation and drive crypto activities offshore. The backlash highlights the ongoing tension between the crypto sector and regulatory bodies as companies seek clearer guidelines and a more favorable environment for growth.

Read the full article: CoinDesk