Fresh talks loom as Senate delays crypto bill amid Coinbase backlash
Senate Banking Chair Tim Scott postponed a markup of a sweeping cryptocurrency bill after Coinbase opposed the latest version, underscoring a key impasse over whether exchanges can offer yield-bearing stablecoin rewards. Lawmakers vow to keep negotiating a compromise palatable to both banks and crypto firms, aiming to provide regulatory clarity on token securities and commodities; leaders like Mark Warner and Cynthia Lummis say there is a path forward, though negotiations are expected to stretch into February.