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flag Coinbase opposes the Senate crypto bill, calling it a ban on tokenized stocks and a threat to innovation.

flag Coinbase CEO Brian Armstrong said the company won't support the proposed Senate crypto bill in its current form, calling it a "de facto ban" on tokenized equities and a threat to stablecoin rewards. flag He cited concerns over excessive regulation, weakened CFTC authority, and risks to innovation, noting the bill could harm competition and drive users offshore. flag While the Senate Banking Committee prepares to debate amendments, Coinbase urges lawmakers to prioritize a balanced, forward-looking framework that fosters growth without stifling the industry.

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