Coinbase CEO Brian Armstrong says company opposed crypto bill to protect consumers

TL;DR:

Armstrong told CNBC that his firm pulled support for a sweeping digital assets bill after finding provisions that could have harmed consumers and stifled competition.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence TRX price action and market sentiment in the near term.