According to @AltcoinDaily, Coinbase CEO Brian Armstrong has withdrawn support for the Senate Banking Committee's current crypto market structure bill draft known as the Clarity Act after reviewing the draft text over the last 48 hours, stating that Coinbase cannot support the bill as written (Altcoin Daily on X, Jan 14, 2026). According to @AltcoinDaily, the update centers on the Senate Banking draft of the Clarity Act that addresses U.S. crypto market structure and regulatory clarity (Altcoin Daily on X, Jan 14, 2026).

According to Eleanor Terrett, the House Financial Services, House AG, Senate AG, and Senate Banking Committees are forming a bicameral committee to lead on crypto regulation, prioritizing stablecoin and market structure legislation. This development may impact trading strategies focused on stablecoins and market dynamics as regulatory clarity could alter market conditions.