Coinbase CEO Opposes Senate Crypto Bill Over Stablecoin Restrictions, Vote Postponed
Coinbase CEO Brian Armstrong withdrew support for the Senate’s crypto market-structure bill, citing concerns over reduced CFTC authority and restrictions on stablecoin rewards. The opposition led Banking Committee Chair Tim Scott to postpone the markup vote, with lawmakers targeting a new draft and potential rescheduling in February or March.
1. Coinbase Schedules Q4 and Full Year 2025 Results Release
Coinbase has announced it will publish its fourth quarter and full year 2025 financial results on Thursday, February 12, 2026, immediately after market close. The company will host a live webcast at 2:30 p.m. Pacific Time that day, with a replay and transcript available on its Investor Relations website. Coinbase reaffirmed its commitment to transparency under Regulation FD, noting that it discloses material non-public information via SEC filings, press releases, public conference calls, its blog, and social media channels including its X feed and LinkedIn page.
2. Armstrong Speaks Out Against Senate Crypto Bill Over Fair Competition Concerns
Coinbase CEO Brian Armstrong withdrew the company’s support for a key Senate cryptocurrency market-structure bill during a January 15 interview on Fox Business, calling bank lobbying efforts “deeply unfair” and likening the process to “regulatory capture.” Armstrong highlighted that stablecoin reward provisions risk diverting hundreds of billions from bank deposits—a Federal Reserve report warns up to $1.2 trillion could shift if crypto firms offer interest-style rewards. His public stance prompted Senate Banking Committee Chair Tim Scott to postpone a planned markup, with senators indicating the vote may be rescheduled in February or March following further negotiation.
3. Goldman Sachs Taps Crypto Expertise After Retail Adoption by Coinbase
Goldman Sachs CEO David Solomon confirmed that the firm is actively exploring CFTC-regulated prediction markets in response to successful retail uptake on platforms like Coinbase. Solomon disclosed that Goldman has convened meetings with leading prediction-market companies and formed a dedicated internal team to analyze market infrastructure and liquidity requirements. While he praised Coinbase’s retail traction—with millions of users trading on its platform—Solomon cautioned that U.S. regulatory clarity may advance more slowly than anticipated, underscoring the importance of institutional-grade risk management solutions.