Senate Delays Crypto Market Structure Bill Markup as Coinbase Withdraws Support and Sacks Sees Deal Near

The U.S. Senate Banking Committee halted a planned markup of its crypto market structure bill after Coinbase CEO Brian Armstrong announced the exchange could not back the current draft. Despite the delay, White House AI and crypto adviser David Sacks argued that passage of market structure legislation remains "as close as it's ever been," while disputes over stablecoin rewards and ethics rules continue to complicate negotiations.

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