Coinbase VP says ‘fatal flaws’ in Senate crypto bill forced sudden withdrawal of support

The Vice President of Coinbase has stated that there are significant and critical shortcomings, which he refers to as 'fatal flaws,' within the recently proposed Senate cryptocurrency legislation. These serious issues have ultimately compelled the company to unexpectedly retract its previous endorsement and support for the bill, signaling major concerns about the implications and effectiveness of the legislation in its current form. source: https://www.coindesk.com/policy/2026/01/22/coinbase-vp-says-fatal-flaws-in-senate-crypto-bill-forced-sudden-withdrawal-of-support