Wu Blockchain has learned that Coinbase CEO Brian Armstrong stated that after reviewing the draft of the cryptocurrency market structure bill released by the Senate Banking Committee, Coinbase cannot support this version of the legislation. He pointed out that the draft has several issues, including effectively restricting tokenized stocks, imposing prohibitive clauses on DeFi, expanding government access to personal financial records, weakening the CFTC's regulatory authority and subordinating it to the SEC, as well as limiting stablecoin yields through amendment clauses and giving banks room to suppress competition. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55119