coin-img-OWLOWL-2.05%coin-img-FOGOFOGO-1.66%coin-img-SPORTFUNSPORTFUN-5.74%coin-img-XUEQIUXUEQIU-0.52%coin-img-ETHETH+1.22%coin-img-BTCBTC+0.42%coin-img-SOLSOL+0.40%coin-img-XRPXRP+1.10%coin-img-OWLOWL-2.05%coin-img-FOGOFOGO-1.66%coin-img-SPORTFUNSPORTFUN-5.74%coin-img-XUEQIUXUEQIU-0.52%coin-img-ETHETH+1.22%coin-img-BTCBTC+0.42%coin-img-SOLSOL+0.40%coin-img-XRPXRP+1.10%coin-img-OWLOWL-2.05%coin-img-FOGOFOGO-1.66%coin-img-SPORTFUNSPORTFUN-5.74%coin-img-XUEQIUXUEQIU-0.52%coin-img-ETHETH+1.22%coin-img-BTCBTC+0.42%coin-img-SOLSOL+0.40%coin-img-XRPXRP+1.10%coin-img-OWLOWL-2.05%coin-img-FOGOFOGO-1.66%coin-img-SPORTFUNSPORTFUN-5.74%coin-img-XUEQIUXUEQIU-0.52%coin-img-ETHETH+1.22%coin-img-BTCBTC+0.42%coin-img-SOLSOL+0.40%coin-img-XRPXRP+1.10%

US Senate postpones crypto market structure bill hearing amid stablecoin and DeFi disputes

A planned US Senate Banking Committee hearing on a crypto market structure bill was postponed on January 17, Galaxy Digital Head of Research Alex Thorn said, highlighting sharp disagreements between Congress and the industry over stablecoin yield mechanisms and DeFi provisions. The delay came hours after Coinbase CEO Brian Armstrong withdrew his support for the bill and publicly opposed language on tokenized securities, DeFi limits and stablecoin yields, followed by Committee Chair Tim Scott's decision to postpone without setting a new date. Crypto assets broadly declined after the postponement, with Bitcoin and Ethereum down about 2% on the day and US-listed crypto-related stocks under pressure, including Coinbase down 6.5%, Robinhood down 7.8% and Circle down 9.7%.
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