Coinbase has stopped supporting the Crypto Market Structure Proposal.

Coinbase announced its decision to support the market structure bill, which is an important regulation for the cryptocurrency market. This development stands out as a notable change being closely monitored by investors and market experts.

In the statement from the company, it was noted that assessments were made regarding the current status of the bill and its potential impacts in the future. The uncertainties in the cryptocurrency sector seem to have influenced Coinbase's decision to withdraw its support.

Particularly, this step is considered a strategic decision for Coinbase in terms of its relationships with regulatory authorities and market stability. Investors are expressing their concerns about how this change will reflect on market dynamics.