Senate Crypto Bill Hits a Snag as Coinbase Pulls Support. Why Bitcoin Is Still Up.
Market Intelligence Analysis
AI-PoweredThe Senate's Digital Asset Market Clarity Act has hit a snag due to Coinbase pulling its support, but Bitcoin's price remains unaffected, trading up 1.7% over the past 24 hours.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
The committee was due to consider the Digital Asset Market Clarity Act on Thursday after publishing a draft proposal of the market structure legislation earlier this week. Bitcoin was trading at $96,703 early in the day, up 1.7% over the past 24 hours, according to CoinDesk. Senate Banking Committee chair Tim Scott said “everyone remains at the table working in good faith,” in a post on X, describing the delay as a “brief pause.”
Analysis and insights provided by AnalystMarkets AI.