Opposition to the Senate’s landmark crypto legislation from Coinbase CEO Brian Armstrong has thrown the long-running effort into chaos just hours before a crucial markup.
We’re about 17 hours away from the Senate Banking Committee’s effort to mark up crypto market structure legislation, which could transform the shape of the financial system to incorporate digital assets.
It was already going to be a heavy lift to get this measure through the committee. Key Democrats and Republicans continue to withhold support for the sprawling package.
