HSBC Claims Coinbase's Opposition Won't Halt Crypto Bill Progress

Despite Coinbase's resistance, HSBC believes U.S. crypto market structure bill will advance, emphasizing the demand for regulatory clarity.

HSBC has asserted that the ongoing opposition from Coinbase will not derail the progress of the U.S. crypto market structure legislation. The bank emphasized that there is significant legislative momentum as key industry players are now focusing on the necessity for long-term regulatory clarity, outweighing concerns about inconsistent enforcement practices.