TechFlow news: On January 29, according to CoinDesk, HSBC analysts Daragh Maher and Nishu Singla stated in their latest report that the U.S. Crypto Market Structure Bill will continue advancing despite Coinbase’s withdrawal of support. The analysts believe Coinbase CEO Brian Armstrong may prefer reasonable compromises over abandoning legislation entirely. The report notes that the bill aims to clearly define the regulatory boundaries between the SEC and the CFTC, providing the necessary legal framework for institutional investors to enter the crypto market.
HSBC expects that even without achieving broad consensus, the Senate Agriculture Committee’s version of the bill may pass first, granting the CFTC authority over spot commodities. Meanwhile, the White House has planned meetings with executives from crypto firms and banks to further discuss the bill.
