Crypto bill likely delayed for weeks by Banking Committee after Coinbase pulled its support

The cryptocurrency legislation that was anticipated to move forward has likely been postponed for several weeks by the Banking Committee, following the decision of Coinbase to withdraw its support for the bill. This unexpected development could significantly alter the timeline and dynamics surrounding the legislative process, as Coinbase's backing was seen as a critical factor in garnering the necessary approval from lawmakers to advance the bill. Stakeholders in the crypto industry are now left waiting to see how this change will impact the overall progress of regulatory measures related to digital currencies. source: https://www.coindesk.com/policy/2026/01/21/senate-crypto-bill-hits-a-wall-as-lawmakers-pivot-to-housing-after-coinbase-pulls-its-support