Crypto Dip Hits Pause as US Regulation Hurdle Delays Bill
Bitcoin hovered around $95,700 after a daily decline as the Senate Banking Committee postponed a hearing on the Digital Asset Market Clarity Act following Coinbase’s withdrawal of support; Coinbase CEO Brian Armstrong called the bill worse than the status quo, citing issues such as a ban on tokenized stocks and limits on stablecoin rewards. Ethereum and XRP also slipped. Despite the delay, crypto markets have been resilient and are awaiting clearer regulatory direction, though an immediate breakthrough remains unlikely.
