HSBC: Coinbase opposition won't stymie U.S. crypto market structure bill, HSBC says

The bank argued that legislative momentum remains strong as industry heavyweights prioritize long-term regulatory certainty over unpredictable enforcement. What to know : HSBC suggested Coinbase may prefer a compromise bill over no legislation at all. With Ripple and Coinbase funding the Fairshake PAC, the report highlighted that significant capital is being deployed to ensure Congressional candidates pass clear statutory rules. The bank envisions a potential path where the Senate Agriculture Committee’s bill passes first, granting the CFTC authority over spot commodities even if SEC-related issues remain unresolved.