Coinbase’s withdrawal from the Digital Asset Market Clarity Act effort is leading to a degree of political backlash in Washington, and the crypto regulation bill currently deemed to have the most potential is losing steam. It is indicative of how easy it is for crypto regulation wins to slip through
Coinbase has launched a new borrowing feature which allows the eligible U.S. users to borrow upto $1 million in USDC without selling or unstaking their ETH. The users can use the new product, cbETH, which is Coinbase’s token that represents the staked ETH as collateral to borrow USDC. This makes
Some of the Coinbase users have been experiencing missing or incorrect balances being reflected in their accounts, which raised various concerns among the cryptocurrency communities. It is reported that the affected users were the ones who had been experiencing issues with the balances being reflected both on the Coinbase exchange
A key U.S. crypto market structure bill had another hurdle in the Senate Banking Committee’s delay in its next markup, and instead, they have prioritized housing affordability issues due to mounting pressure in the wake of the 2026 elections. Another delay increases uncertainty on when the U.S. would have a
In a move that could redefine national finance, Circle and Coinbase are collaborating with the Bermuda government to create the world’s first entirely on-chain national economy. Both companies operate as a support to integrate blockchain technology and give Bermuda the tools to process digital payments, like issuing stablecoins, and help
Bitcoin has cooled off from its recent highs and is trading around $95,000, reflecting some selling pressure in the market. At the same time, data shows that BlackRock, the world’s largest asset manager, has been moving significant amounts of crypto off the exchange Coinbase — raising questions among traders and
Tensions have escalated between the Trump Administration and the Coinbase exchange because the platform suddenly pulled its support for the Digital Asset Market Clarity Act, and rumors have been spreading that the Trump White House is pulling the plug on the bill. Fox Business reporter Eleanor Terrett said in a
Washington’s efforts to have clearer rules for crypto failed as the Senate Banking Committee postponed its said markup of a sweeping market structure, followed by the Coinbase withdrawal for the latest draft. On January 14, the Chairman, Tim Scott, revealed that the committee would postpone the markup, as bipartisan negotiations
As per the reports, it is speculated that Coinbase might withdraw its support for Washington’s upcoming major crypto bill. The firm is setting its boundaries as Congress moves closer to finalising its upcoming major crypto bill named the CLARITY Act. In a report shared by Bloomberg on January 11, a
The Digital Asset Market Clarity Act, widely known as the CLARITY Act, continues to test the patience of the US crypto industry. However, a senior executive at Coinbase says the delay is both expected and necessary, given the scope of what the legislation aims to achieve. Speaking on CNBC on
