Senators canceled a markup and vote of a major crypto bill after a number of issues, including opposition from Coinbase. Coinbase CEO Brian Armstrong says negotiations continue and a vote could happen in a few weeks. Lawmakers say many issues remain beyond specific concerns Coinbase has raised.

Coinbase Global and Robinhood Markets slump Thursday as fresh turmoil around a long-awaited U.S. crypto market-structure bill rattled investors.

On Wednesday evening, the Senate Banking Committee delayed final discussions around a bill for creating greater regulatory clarity for crypto in the United States, fittingly known as the Clarity Act. The decision came as Coinbase CEO and deep-pocketed political donor Brian Armstrong went public with his complaints about the bill.

Senate delayed the CLARITY Act markup after industry backlash, while Armstrong stressed negotiations are intensifying as lawmakers revise the draft.

Coinbase withdrew support for the CLARITY Act over privacy concerns, while a16z's Chris Dixon backed the crypto market structure bill.

The Digital Asset Market Clarity Act, often called the CLARITY Act, has triggered a split among U.S. crypto leaders. Coinbase, the largest U.S. exchange, said i

Coinbase's entry into zero-commission, 24/5 stock trading broadens its addressable market and offers feature parity with Robinhood. Read why COIN is a Buy.

Sharps Technology, a publicly listed medical device firm with a large SOL treasury, hired Coinbase to launch and operate its own Solana validator. SOL traded around $145, up roughly 2% on the day, as staking-related news added to a steady institutional bid.