Lawmakers increase pressure to pass the crypto market structure bill during a narrow political window Coinbase’s withdrawal deepens tensions between Washington policymakers and major crypto firms Stablecoin yield treatment emerges as the most contentious issue shaping the bill’s future Washington intensified pressure on industry leaders after a senior White House advisor criticized Coinbase (NASDAQ: COIN) over a key policy reversal. The dispute centers on the crypto market structure bill, which lawmakers view as essential for regulatory clarity and market stability. As a result, the clash highlights widening gaps between policymakers seeking speed and firms prioritizing near-term commercial exposure. The criticism followed Coinbase’s decision to withdraw support for the crypto market structure bill days before a Senate markup. Administration officials framed the move as a strategic error during a rare period of unified political control. The episode underscores mounting frustr...