The U.S. cryptocurrency market's regulatory framework faced setbacks as Coinbase withdrew support for a bill, leading to the cancellation of a Senate hearing. However, industry leaders view this as a strategic opportunity for renegotiation. They argue that the proposed bill posed greater risks than benefits, advocating for postponement to create more favorable conditions for future amendments. This setback is seen not as defeat, but as a maturation of the industry into strategic negotiators, suggesting potential for improved regulatory outcomes.