Coinbase Withdraws Support for Crypto Market Structure Bill

Published at 2026-01-14 21:45:10

Coinbase said on Jan. 14, 2026 that it is withdrawing support for a pending crypto market structure bill, with CEO Brian Armstrong saying the proposal contained "too many problems." The decision ends the company’s backing of the measure and signals a public split between a major exchange and the bill’s drafters over key elements of the framework. The withdrawal could complicate efforts to build a bipartisan or industry-wide coalition behind the legislation, increasing uncertainty about amendments or whether an alternative proposal will emerge. Market participants and policymakers will likely watch for responses from other exchanges, lawmakers and advocacy groups in the coming days, as well as any revisions that might address Coinbase’s stated concerns.

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