Coinbase opposition won't stymie U.S. crypto market structure bill, HSBC says

Coinbase's (COIN) decision to end support for U.S. market structure legislation won't derail the process, investment bank HSBC said, suggesting that while CEO Brian Armstrong prefers no bill over a bad bill, he would probably accept a sensible compromise. The report maintained that a legislative floor is essential to providing the stability required for institutional entry. "Coinbase withdrawal of support is not a death-knell for U.S. market structure legislation," analysts Daragh Maher and Nishu Singla ...