HSBC: Coinbase's exit from support will not hinder the progress of the US Cryptocurrency Market Structure Act

DeepFlowTech · 2026-01-29T00:47:41+00:00

HSBC pointed out that despite Coinbase withdrawing support, the Crypto Market Structure Act will still move forward and may reach a compromise. The bill aims to clarify the regulatory boundaries between the SEC and CFTC and provide a legal framework for institutional investors to enter. It is expected that the relevant bill may pass first, and the White House will also discuss with crypto companies and bank executives.

DeepFlowTech

2026-01-29 00:47:41

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Deep Tide TechFlow News, January 29, According to CoinDesk, HSBC analyst Daragh Maher and Nishu Singla stated in their latest report that despite Coinbase withdrawing support, the US crypto market structure bill will continue to advance. The analysts believe that Coinbase CEO Brian Armstrong may be more inclined to accept a reasonable compromise rather than completely abandon the legislation. The report notes that the bill aims to clearly define the regulatory boundaries between the SEC and CFTC, providing the necessary legal framework for institutional investors to enter the crypto market.

HSBC expects that even without reaching a full consensus, the bill in the Senate Agriculture Committee may pass first, granting the CFTC regulatory authority over spot commodities. Meanwhile, the White House has plans to meet with crypto companies and banking executives to further discuss the bill.

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