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Stock impact report

US crypto regulation stalls as lawmakers warn of falling behind global competitors for years [FOX Business Network]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
And mega-dollars But, hacked – by a lack of consensus The Senate Banking Committee canceled a scheduled meeting last Thursday to write a bill establishing marketplace rules for cryptocurrency and other digital assets. This was a long-awaited session for a bill lawmakers, aides and lobbyists have worked for – and against – for years. But the glitch in the Congressional matrix stymied the legislation. This was the legislative version of Control+F7. "It was a blow," lamented Sen. Cynthia Lummis, R-Wyo., one of the most ardent advocates for cryptocurrency in Congress. "I feel a little bit like Flat Stanley after he got run over by the Mack Truck." The Senate tried to tiptoe through the crypto. But everything went haywire. One key industry player blasted the legislation. "We'd rather have no bill than a bad bill," wrote Coinbase CEO Brian Armstrong on social media. Armstrong then appeared on Capitol Hill after the Banking Committee tanked the hearing to elaborate on hi Show less Read more
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