Market structure bill hits roadblock 🛑

The Senate Banking Committee has delayed markup on the crypto market structure bill amid wavering industry support.

Author

Stephen Graves
January 15, 2026

📝 What you need to know

The Senate Banking Committee has delayed markup of the bipartisan crypto market structure bill, compounding uncertainty around the legislation’s timeline.

The move comes as battle lines are hardening over the bill, with crypto exchange Coinbase pulling its support ahead of the Senate vote. Central to the dispute is the issue of stablecoin yield, with the most recent draft of the legislation banning crypto companies from offering yield on stablecoin holdings—a move that Coinbase CEO Brian Armstrong decried as “allowing banks to ban their competition.”

That potential competition certainly has banks on edge; the CEO of Bank of America warned that interest-bearing stablecoins could spark a $6 trillion deposit flight from the traditional banking system.

Senate Banking Committee Delays Markup of Key Crypto Bill as Industry Support Frays

Senate efforts to rewrite U.S. crypto rules hit another snag after the Banking Committee delayed markup of the industry-shaping bill.

📰 In the News

Coinbase Withdraws Support for Crypto Bill on Eve of Key Senate Vote

The move from Coinbase could derail efforts to get the crypto industry's coveted market structure bill over the finish line.

Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits

The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill.

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 💬 Quote of the Day

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“We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.”

Coinbase CEO Brian Armstrong on the crypto market structure bill

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📚 Watch and Learn

📹️ WATCH: Massive Coinbase News! Bitcoin Rips to $96,750! Football.Fun TGE Interview with Founder!

Coinbase pulled support for the Senate’s crypto market structure bill ahead of a key vote. Zcash avoided SEC action after the Zcash Foundation said the agency’s investigation has concluded.

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