Today in crypto, Coinbase reportedly opposes a new compromise version of a key Senate crypto bill, executives told US lawmakers that existing investor protection and financial surveillance regulations should apply to tokenized securities and a UK government-commissioned review recommended a temporary moratorium on crypto political donations.
Coinbase not supporting new crypto bill compromise: Report
Coinbase representatives told Senate lawmakers in a meeting on Monday that they had concerns over the language around stablecoin yields in a new compromise version of the Senate’s crypto market structure bill, Punchbowl News reported on Wednesday.
A proposal that circulated earlier this week would have reportedly prevented third parties, such as exchanges, from paying stablecoin yields, a measure to address banks’ concerns over the risk of deposit flight.
Coinbase is one of the largest crypto lobbyists in the US, and its previous withdrawal of support for the bill in January saw the Senate Banking Committee indefinitely postpone a markup to advance the legislation. Talks are reportedly ongoing over the latest version of the bill.
The bill will outline how regulators should approach crypto, but a provision around banning exchanges from being able to pay stablecoin yields has seen it delayed as the crypto and banking lobbies are at odds over the provision, leading to multiple White House-sponsored negotiations that have yet to create a compromise.
US lawmakers hash out tokenized securities concerns in latest hearing
Crypto industry executives on Wednesday told the US House of Representatives Committee on Financial Services that existing investor protections and financial surveillance regulations should apply to tokenized securities.
The hearing was held as legislators consider the Capital Markets Technology Modernization Act of 2026 and are exploring the impact of asset tokenization on capital markets and the “need to balance innovation with investor protection and market integrity,” according to a statement by panel chairman, Representative French Hill.
Tokenized real-world assets (RWA), traditional financial instruments represented by tokens on blockchain networks, reduce transaction costs and settlement times, Summer Mersinger, CEO of crypto advocacy organization Blockchain Association, told the committee.
“By replacing flawed manual record-keeping processes with more transparent timestamps and stamped records, tokenization lowers the cost and re-imagines US financial markets,” she said.
UK review recommends temporary halt to political crypto donations
Philip Rycroft, a former senior civil servant, recommended that the UK government impose a temporary moratorium on political donations made in crypto assets in an independent review published on Wednesday.
“The government should legislate in the Representation of the People Bill to introduce a moratorium on political donations made in cryptoassets,” Rycroft wrote in the report, which was commissioned by the government in December 2025.
The review said crypto assets could provide a route for foreign money to enter the UK political system because of incomplete regulation, the difficulty of tracing the “ultimate ownership” of some assets, and the possibility of breaking larger donations into smaller transfers. It noted that donations below 500 British pounds ($669) fall outside the normal permissibility test, while formal reporting thresholds for political parties are higher.
The review comes a week after a separate report by the Joint Committee on the National Security Strategy called on the government to impose an immediate moratorium on crypto donations to political parties until the Electoral Commission produces statutory guidance ahead of the next general election.
