Crypto Bill Delay 'May Ultimately Be Constructive' for Final Product, Benchmark Says
- Senator Tim Scott is facing opposition from Coinbase CEO Brian Armstrong regarding a crypto bill, causing delays in its progress as reported by Politico.
- Senator Tim Scott is facing criticism from Armstrong, who prefers the Commodity Futures Trading Commission's involvement over the Securities and Exchange Commission.
- Senator Elizabeth Warren expressed concern about the influence of crypto executives in the legislative process, as stated to Politico's Jasper Goodman.
- Armstrong criticized changes to the bill that may limit crypto regulations, leading to the postponement of the bill's markup.
15 Articles
15 Articles
'Bought themselves a Congress': GOP pulls crypto bill after industry titan turns on it
Republicans in the Senate were working toward a sweetheart deal bill for the cryptocurrency industry — but now that bill is in limbo after one of the industry's most prominent titans slammed it, Politico reported on Thursday.Sen. Tim Scott (R-SC), who heads up the Senate Banking Committee, "is facing opposition from Coinbase CEO Brian Armstrong, founder of the largest U.S.-based crypto exchange. Coinbase has one of the most aggressive lobbying a…
Senate committee delays vote on crypto bill amid pushback
The Senate Banking Committee is punting a vote on landmark crypto legislation after lawmakers proved unable to win consensus on and off Capitol Hill. Chair Tim Scott, R-S.C., made the call to postpone today’s markup late Wednesday after Coinbase CEO Brian Armstrong said the firm would oppose “the bill as written” and despite other corners of the digital assets industry signaling a desire to move forward anyway. Unresolved issues include how to r…
Robinhood stock dips as Senate crypto bill delay keeps HOOD in focus
New York, Jan 16, 2026, 10:52 EST — Regular session Shares of Robinhood Markets dropped 2.8% to $107.27 in early trading Friday. Roughly 11.5 million shares traded hands, putting the online brokerage’s market cap near $127 billion. The shift is significant since HOOD now acts as a quick gauge of sentiment around crypto and U.S. policy risk. When lawmakers hesitate, traders often flock to the same stocks that have already been reacting to digital…
U.S. legislators have put on hold an important bill on the structure of the crypto market after strong opposition from Coinbase. New criticisms from the Director General of the Exchange have raised doubts about the possibility that the proposal will proceed without changes. As a result, members of the Senate Banking Committee have delayed a scheduled revision session while re-evaluating the concerns of the industry and the regulations related to…
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