Coinbase withdraws support for the Senate Banking Committee's Cryptocurrency Market Structure Act, causing the bill to stall. White House and committee negotiators have demanded that Coinbase take responsibility for resolving disputes related to stablecoin yields and banking operations. Meanwhile, former President Donald Trump has threatened to sue JPMorgan Chase, accusing it of depriving the public of banking services after the January 6 Capitol riot, but JPMorgan Chase has denied the allegations.
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Coinbase withdraws support for the Senate Banking Committee's Cryptocurrency Market Structure Act, causing the bill to stall. White House and committee negotiators have demanded that Coinbase take responsibility for resolving disputes related to stablecoin yields and banking operations. Meanwhile, former President Donald Trump has threatened to sue JPMorgan Chase, accusing it of depriving the public of banking services after the January 6 Capitol riot, but JPMorgan Chase has denied the allegations.