U.S. Senate Delays Key Crypto Market Structure Bill
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A long-awaited bipartisan bill to establish clearer regulatory frameworks for cryptocurrencies (defining tokens as securities, commodities, etc.) was postponed by the Senate Banking Committee. This came after strong opposition from Coinbase CEO Brian Armstrong, who criticized aspects like impacts on stablecoin rewards and called the bill unworkable in its current form. The delay has contributed to short-term market cooling, with Bitcoin dipping toward $95,000 amid broader risk-off sentiment and stalled legislative momentum. Analysts view it as a pause rather than a reversal, but it highlights ongoing industry influence and regulatory uncertainty in the U.S.
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