Crypto Drama: Senate Bill Paused, Coinbase Throws a Fit

Senate Banking Committee Chairman Tim Scott (R-S.C.) tried to spin this as a “strategic pause” rather than a full-on meltdown. He took to X (formerly Twitter, because Elon) to reassure everyone that “bipartisan negotiations are still alive.” Sure, Tim. Because nothing says “alive” like postponing a markup. He added, “This bill reflects months of serious bipartisan negotiations and real input from innovators, investors, and law enforcement.” Translation: “We’re pretending this hiccup didn’t happen.”




