Senate Crypto Bill Hits a Snag as Coinbase Pulls Support. Why Bitcoin Is Still Up.

Market Intelligence Analysis

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Why This Matters

The 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

Market impact analysis based on neutral sentiment with 80% confidence.

Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

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.”

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Original article published by Unknown on January 15, 2026.
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