The US Senate Banking Committee canceled its market restructuring meeting due to the Coinbase controversy.
TL;DR
The U.S. Senate Banking Committee canceled its market restructuring meeting due to the Coinbase controversy, with no new date set yet. This follows Coinbase's withdrawal of support for the crypto bill under consideration.
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According to Foresight News , crypto journalist Eleanor Terrett reports that the U.S. Senate Banking Committee has canceled its market restructuring meeting scheduled for tomorrow, in light of the controversy surrounding today's Coinbase incident. It is unclear whether a new meeting date has been set.
According to a previous report by Foresight News , Coinbase CEO Brian Armstrong tweeted that Coinbase has withdrawn its support for the current version of the crypto market structure bill, which is about to be considered by the Senate Banking Committee.