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Coinbase power play sparks crypto rift as key bill gets delayed

It was a rare White House rebuke to the crypto industry: Don't take your newfound political muscle in Washington for granted. A week after Coinbase Global Inc. Chief Executive Officer Brian Armstrong helped stall sweeping cryptocurrency legislation in the Senate, White House crypto adviser Patrick Witt took to X to express his displeasure with Armstrong's assertion that no bill is better than a bad one.


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