Coinbase opposes Senate crypto bill, warns of SEC overreach and DeFi bans

Crypto Briefing•Thursday, January 15, 2026 at 12:47:02 AM

NegativeCryptocurrency

Coinbase opposes Senate crypto bill, warns of SEC overreach and DeFi bans

Coinbase CEO Brian Armstrong has publicly opposed a draft Senate bill concerning cryptocurrency, warning that it poses a threat to decentralized finance (DeFi) and tokenized equities, while also indicating potential overreach by the SEC. Senator Cynthia Lummis has suggested that discussions regarding the bill may be postponed.
This opposition highlights Coinbase's ongoing struggle against regulatory pressures that could significantly impact its business model and the broader cryptocurrency ecosystem. Armstrong's stance reflects concerns that such regulations may stifle innovation and growth within the industry.
The situation underscores a larger debate within the cryptocurrency sector regarding regulatory clarity and the balance between oversight and innovation, as Coinbase has previously expressed similar concerns about other legislative proposals, indicating a persistent tension between regulatory bodies and crypto firms.

— via World Pulse Now AI Editorial System

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