Coinbase CEO expects market structure bill markup ‘in a few weeks‘

Coinbase's CEO, Brian Armstrong, posted late Wednesday on social media expressing that the firm cannot support the market structure bill as it currently stands, potentially leading to delays in its consideration. The crypto industry is closely watching how this could affect the regulatory landscape. The bill aims to enhance market transparency and establish a regulatory framework, but Coinbase believes it lacks sufficient provisions in its current form. If the bill is not amended, it may adversely impact trading conditions for cryptocurrencies. Traders should remain vigilant and observe market trends, especially with expected developments in the coming weeks. The market continues to show signs of instability.