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Coinbase withdraws support for Senate’s crypto bill, leading to a delayed vote as key issues with the draft are raised. The U.S. Senate Banking Committee has postponed its vote on the crypto market structure bill. This comes after Coinbase CEO Brian Armstrong announced that the company could not support the bill in its current form. The bill, which aimed to regulate the crypto market, now faces significant changes before it can be approved. Coinbase Pulls Support for Senate Crypto Bill On January 14, 2026, Coinbase CEO Brian Armstrong stated that the company would not support the Senate’s crypto bill. Armstrong highlighted key issues with the bill, specifically a “de facto ban on tokenized equities.” He argued that the bill could severely limit the use of blockchain technology for tokenizing real-world assets like stocks, potentially stalling innovation in the industry. BREAKING: 🇺🇲 Senate Banking Committee has cancelled today’s voting on the crypto market structure bill after the Coinbase CEO withdraws support. pic.twitter.com/0NGxva5VZW — Bull Theory (@BullTheoryio) January 15, 2026 Another major concern was the proposed regulation of decentralized finance (DeFi). The bill would give the government access to users’ financial records, which could undermine the privacy of DeFi platforms. Armstrong noted that this move would harm user privacy, a core principle of decentralized finance. Additionally, Armstrong criticized the bill’s impact on the Commodity Futures Trading Commission (CFTC). He argued that the bill would reduce the CFTC’s authority and increase the SEC’s role. This shift could limit innovation and slow progress in areas where the CFTC currently has jurisdiction, such as derivatives and commodities. Senate Postpones Vote on Controversial Crypto Bill In light of Coinbase’s announcement, the Senate Banking Committee decided to delay the markup of the crypto bill. The bill, which was meant to provide a framework for regulating tokenized assets…

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Filed under: News - @ January 15, 2026 3:29 pm