Coinbase CEO Brian Armstrong Pulls Support for Crypto Market-Structure Bill

Coinbase Global Inc. has pulled its support for the current version of the market-structure bill due for markup in the Senate Banking Committee on Thursday.

“There are too many issues,” Coinbase’s Chief Executive Officer Brian Armstrong wrote in a post on X Wednesday, adding that “this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill.”