The U.S. Senate Banking Committee officially postponed a scheduled discussion and potential markup of a comprehensive cryptocurrency market structure bill on January 14, 2026. This significant delay occurred just hours after Brian Armstrong, CEO of leading crypto exchange Coinbase, publicly announced his company's withdrawal of support for the draft legislation, deeming it worse than the current regulatory uncertainty. Committee Chairman Tim Scott cited the need for further bipartisan negotiations to secure broader consensus on the bill, which aims to establish a clear regulatory framework for digital assets in the United States. The proposed Digital Asset Market Clarity Act, also referred to as the CLARITY Act, seeks to define whether crypto tokens are classified as securities or commodities, thereby delineating the oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, Coinbase's opposition, echoed by other industry voices, highlighted several critical concerns, including a de facto ban on tokenized equities, the erosion of CFTC authority, and particularly restrictive provisions on stablecoin rewards. Traditional banking groups have heavily lobbied to restrict stablecoin interest payments, arguing they could undermine conventional deposits. Senator Scott emphasized that while a pause is necessary, all stakeholders remain at the table working towards a bill that protects consumers, strengthens national security, and ensures the U.S. leads in financial innovation. The delay underscores the complexity and significant rifts within both political and industry sectors regarding crypto regulation. A similar bill from the Senate Agriculture Committee was also postponed, indicating widespread challenges in achieving a unified legislative approach.