Coinbase stock in focus after CEO Armstrong pulls backing for Senate crypto bill draft
WASHINGTON, Jan 14, 2026, 19:43 EST Coinbase CEO Brian Armstrong withdrew the crypto exchange’s backing for the Senate’s newest market-structure bill draft late Wednesday, citing “too many issues” just before a crucial committee markup. https://www.bloomberg.com/news/articles/2026-01-14/brian-armstrong-pulls-support-for-crypto-market-structure-bill-clarity The move comes as lawmakers rush to advance a long-delayed overhaul of U.S. crypto regulations, following years of disputes over which agency should oversee most of the sector. With the Senate Banking Committee set to convene Thursday, there’s limited time left to resolve lingering concerns. The battle has gained urgency as the bill aims to halt what companies call rule-by-enforcement. But it’s also shaping up