Why Major Crypto Exchanges Soured on the Crypto Bill

2026-01-18 16:20:28

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Source: CryptoNewsNet Original Title: Here’s why Coinbase and other companies soured on major crypto bill Original Link: https://cryptonews.net/news/legal/32295828/ U.S. lawmakers were about to begin a hearing on a major crypto bill that aimed to define how federal regulators, such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), can oversee crypto markets. However, the night before the hearing was about to start, a major crypto exchange that has been deeply involved in the bill’s negotiations and has spent millions lobbying for it suddenly withdrew its support.

This sent the whole industry into chaos. Just hours later that same Wednesday evening, the U.S. Senate Banking Committee canceled the hearing on the crypto market structure bill — just over 12 hours before it was scheduled to kick off. Following the announcements, lawmakers relaunched talks on Friday, with Democrats and staffers holding a call with industry representatives.

However, the exchange was not alone in having issues with the bill.

The general concern was that different provisions in the bill would make it more difficult for crypto startups to launch tokens or operate anything resembling a decentralized project.

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MidnightTrader

· 1h ago

In the crypto world, one day is like a year in the human world. These exchanges change faces faster than K-line charts.

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AlphaWhisperer

· 5h ago

Coinbase, this wave, really just a weather vane, supported it initially and now opposes it... The legislative environment is too unstable.

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SnapshotStriker

· 5h ago

This crypto circle trick, promising to support the bill and then backing out, is really funny.

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AirdropFatigue

· 5h ago

Regulation is just a dragon-slaying sword; in the end, it all becomes a tool used to cut down one's own people. I can understand Coinbase's rebellion as well.

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GasWhisperer

· 5h ago

nah, coinbase flip-flopping on regulation again? watched their mempool analysis shift like gas fees in a bull run. classic pattern honestly

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WhaleWatcher

· 5h ago

I know this trick in the crypto world too well. Support today, betray tomorrow—typical fair-weather friend.

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