Senators canceled a markup and vote of a major crypto bill after a number of issues, including opposition from Coinbase. Coinbase CEO Brian Armstrong says negotiations continue and a vote could happen in a few weeks. Lawmakers say many issues remain beyond specific concerns Coinbase has raised.

Coinbase Global and Robinhood Markets slump Thursday as fresh turmoil around a long-awaited U.S. crypto market-structure bill rattled investors.

On Wednesday evening, the Senate Banking Committee delayed final discussions around a bill for creating greater regulatory clarity for crypto in the United States, fittingly known as the Clarity Act. The decision came as Coinbase CEO and deep-pocketed political donor Brian Armstrong went public with his complaints about the bill.

Coinbase CEO Brian Armstrong said the exchange cannot support the Senate Banking Committee’s latest draft of the CLARITY Act, warning that the bill, as

Senate delayed the CLARITY Act markup after industry backlash, while Armstrong stressed negotiations are intensifying as lawmakers revise the draft.

The Digital Asset Market Clarity Act, often called the CLARITY Act, has triggered a split among U.S. crypto leaders. Coinbase, the largest U.S. exchange, said i

Coinbase may drop support for the CLARITY Act if it limits its lucrative stablecoin reward programs. Coinbase, one of the largest U.S.-based crypto exchanges, may withdraw its support for the CLARITY Act if the bill imposes restrictions on stablecoin reward programs, according to a Bloomberg report.

Coinbase Global (COIN) stock has declined by 15.1% over 21 trading days. The recent decline is indicative of increased regulatory scrutiny and the vulnerability

Recently, Coinbase CEO Brian Armstrong has become a vocal critic of banks that are against the rewards system. TheStreet Roundtable reached out to Coinbase for a comment and had not received a response by the time of publication. Meanwhile, Jefferies revamped its price target for Coinbase.