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The US government just caved to a crypto exchange pulling support for legislation that changes everything for investors

The US government just caved to a crypto exchange pulling support for legislation that changes everything for investorsCoinbase leads the charge against Clarity Act, exposing gaps in crypto's united front. Oluwapelumi Adejumo Jan. 16, 2026 at 6:00 pm UTC 5 min read Updated: Jan.

The US government just caved to a crypto exchange pulling support for legislation that changes everything for investors

The US government just caved to a crypto exchange pulling support for legislation that changes everything for investors

Credit: Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Key Highlights

  • 16, 2026 at 4:56 pm UTC Share Cover art/illustration via CryptoSlate.
  • Image includes combined content which may include AI-generated content.
  • The US crypto industry believed it stood on the precipice of securing the regulatory legitimacy it has pursued for a decade, but the political ground has suddenly shifted beneath it. On Jan.
  • 14, Sen.
  • Tim Scott, the chair of the Senate Banking Committee, postponed a vote on the Digital Asset Market Clarity Act. This delay effectively halted Washington’s most advanced attempt yet to establish comprehensive “rules of the road” for the $3 trillion digital asset market. While Chair Scott characterized the postponement as a tactical pause to keep stakeholders “at the table working in good faith,” the sudden brake-pumping reveals a fractured coalition within the emerging industry.
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Sources

  1. The US government just caved to a crypto exchange pulling support for legislation that changes everything for investors

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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