The post U.S. Senate delays crypto market structure bill after Coinbase raises objections appeared on BitcoinEthereumNews.com.

The U.S. Senate Banking Committee has delayed consideration of a long-awaited crypto market structure bill. The delay comes after objections from Brian Armstrong of Coinbase raised fresh concerns about whether the legislation could advance in its current form. The committee had been expected to move forward with a markup on Thursday, 15 January, but lawmakers opted to pause discussions following public criticism from Brian Armstrong.  He said the company could not support the draft as written and would prefer no bill to a “bad bill”. Coinbase flags multiple deal-breakers Armstrong outlined several areas of concern after reviewing the draft text. The concerns included provisions he said would amount to a de facto ban on tokenized equities.  Also, he flagged restrictions on decentralized finance that could expand government access to financial data, as well as amendments that would effectively eliminate rewards on stablecoins. He also warned that the bill could weaken the authority of the Commodity Futures Trading Commission while expanding the role of the Securities and Exchange Commission, a shift long opposed by much of the crypto industry. Source: X Coinbase’s stance marked a notable escalation, given the company’s role as one of the most influential industry participants in Washington and a long-time advocate for clearer crypto regulation in the United States. Markup pause reflects vote uncertainty The decision to delay the markup reflects uncertainty among lawmakers about whether the bill had sufficient support to advance out of committee.  Stablecoin provisions, in particular, have emerged as a key point of contention. Divisions were reported among Republicans, and lingering concerns among Democrats about consumer protection and conflicts of interest. Under the current draft, crypto firms would be barred from paying interest on stablecoin holdings. At the same time, banks have argued that allowing such rewards could lead to deposit outflows.  Crypto…

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Filed under: News - @ January 15, 2026 11:26 pm