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Unreal that Coinbase is lobbying to prevent the bill from passing. Who would have thought ChokePoint 3.0 would come from an American Based Exchange https://t.co/USBsj3X0Q0
As President Trump’s public goal of having crypto legislation by August looms, those involved have been unable to agree on whether to prioritize passing standalone stablecoin bill or to combine it in some form with a market structure piece https://t.co/ROmGHCHVs8
Why America’s Biggest Crypto Company Is Trying to Stop a Pro-Crypto Bill From Passing (via @decryptmedia) https://t.co/XiJII3aBuE
Coinbase, the largest cryptocurrency company in the United States, is actively lobbying against the Senate's upcoming stablecoin bill, which is expected to be put to a vote within the next two weeks. The company is concerned that passing the standalone stablecoin legislation could reduce lawmakers' willingness to approve a broader market structure bill later. This internal conflict comes as President Donald Trump aims to have comprehensive crypto legislation enacted by August. Stakeholders remain divided on whether to prioritize the passage of a standalone stablecoin bill or to integrate it with a market structure framework.
