Coinbase(US:COIN) Xin Lang Cai Jing·2026-01-14 21:47Core Viewpoint - Coinbase CEO Brian Armstrong stated that the company cannot support the current version of the cryptocurrency market structure bill proposed by the Senate Banking Committee due to multiple issues within the draft [1] Group 1: Legislative Concerns - The draft legislation effectively restricts tokenized stocks [1] - It imposes prohibitive clauses on DeFi (Decentralized Finance) [1] - The bill expands government access to personal financial records [1] Group 2: Regulatory Implications - The draft weakens the regulatory authority of the CFTC (Commodity Futures Trading Commission) by subordinating it to the U.S. SEC (Securities and Exchange Commission) [1] - It includes amendments that limit stablecoin yields [1] - The legislation grants banks the ability to suppress competition [1]