Coinbase just slammed the brakes on a major US crypto bill 🚨

Brian Armstrong publicly pulled support right before the Senate markup. Same bill Coinbase had backed for months. That alone tells you something changed behind the scenes.

The core issue isn’t “crypto vs regulation.” It’s who controls the rules 🏛️

Armstrong says the draft would quietly kill stablecoin rewards, slow tokenized equities, and give regulators too much room to shut down DeFi without saying it out loud.

Real-world impact: if this passes as-is, US crypto products start looking worse than offshore ones 🌍

Less yield. Less innovation. More lawyers.

Some senators are already talking delay ⏸️

Industry is split. Banks are happy. Builders aren’t.

Takeaway: no law is sometimes better than a bad law ⚖️

And this fight is far from over.