Armstrong Bullish on Crypto Bill Despite Pulling Support Earlier

Coinbase Global Inc.’s Brian Armstrong still sees a path for the US to pass comprehensive crypto legislation even after helping to derail a bill last week just before it reached a key Senate committee over concerns around a host of issues.

Armstrong, the co-founder and chief executive officer of the largest US crypto exchange, pulled support for the latest draft of digital asset market structure legislation in a Jan. 14 social media post. Within hours of Armstrong’s post, Senate Banking Chairman Tim Scott announced he would postpone a planned markup. Armstrong said the draft he opposed contained “too ...