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Senate Banking Committee Chair Tim Scott and key crypto industry executives insist the CLARITY Act remains on track for passage despite Coinbase's surprise withdrawal of support, which forced the cancellation of a scheduled markup session and exposed deep divisions over the direction of U.S. market

Brian Armstrong said Coinbase can no longer support the U.S. Senate’s crypto market structure bill as currently drafted, a move revealing growing fractures between lawmakers and the cryptocurrency industry over how digital assets should be regulated. Armstrong said the company reviewed the Senate Ba

Bitcoin (BTC) breaking the $96,000 level on Wednesday has been supported more by market structure than by sustained demand, according to a report from Glassnode, which warns that volatility risk is being postponed rather than resolved. Bitcoin on Wednesday evening was trading at $97,500, up 3.5% at

Coinbase threatened to withdraw support for landmark crypto legislation ahead of this week's Senate vote, as a deepening dispute over stablecoin rewards threatens to derail the bill entirely. The Digital Asset Market Clarity Act faces a critical markup in the Senate Banking Committee on Wednesday. B

BlackRock transferred approximately 3,064 Bitcoin (BTC) valued at $276 million and 26,723 Ethereum (ETH) worth $83 million to Coinbase Prime. The transfers coincide with US spot Bitcoin ETFs recording $486 million in net redemptions Wednesday, the largest single-day outflow since November 20. BlackR