🚨 C@inbase Says “NO” — Senate ABANDONS Crypto Vote 🇺🇸
Today’s Senate Banking Committee vote on the crypto market structure bill was cancelled after C@inbase withdrew support — and honestly, they had no choice.
After reviewing the draft, C@inbase said the bill was worse than the current system, pointing to major red flags:
❌ A de facto ban on tokenized equities — kills innovation
❌ DeFi restrictions granting the government “unlimited access” to your financial data
❌ Strips authority from the CFTC, handing more power to the SEC
❌ Stablecoin amendments that would eliminate rewards and let banks choke out competition
C@inbase:
👉 “We’d rather have no bill than a bad bill.”
And they’re right.
The old draft was impossible to support, and although lawmakers want a bipartisan fix, the new bill still needs serious rewrites before the crypto industry can stand behind it.
C@inbase says it will “keep fighting for economic freedom” — but for now, the message is clear:
🇺🇸 Crypto legislation isn’t ready. The work isn’t done. Not even close.
