White House Reconsiders Support for US Crypto Market Bill Amid Coinbase Opposition

Washington's bid to create a single regulatory framework for the US crypto market is losing traction as the White House reassesses whether to support a broad market structure bill. Tensions with Coinbase, including public criticism from CEO Brian Armstrong over issues such as stablecoin yields, tokenized equities, data access and SEC authority, have delayed a Senate Banking Committee vote and left the legislation stalled.