Coinbase withdraws support for market-structure crypto legislation

Coinbase has withdrawn its support for market-structure legislation related to crypto.

An analyst says the withdrawal could potentially derail the legislation, and described the move as bad for the crypto industry and good for the banks.

The analyst's comments frame the withdrawal's significance; the ultimate impact on the legislation was not detailed in the cited statement.

Key Topics

Crypto, Coinbase, Market Structure Legislation, Crypto Industry, Banks