Political Headwinds Challenge Coinbase’s Regulatory Strategy

Coinbase finds itself at the center of a Washington power struggle, with its share price facing pressure from both a recent sell-off and escalating political tensions. The catalyst is the company’s withdrawal of support for the comprehensive crypto legislation known as the CLARITY Act—a move that has strained its relationship with the White House and cast uncertainty over the future of U.S. digital asset regulation.

The immediate consequence of Coinbase’s reversal is an indefinite postponement of the U.S. Senate Banking Committee’s planned markup session for the crypto market structure bill. Committee Chairman Tim Scott expressed clear frustration with the company’s last-minute Read more...