After Coinbase opposed the Senate Republican market structure bill, institutions such as a16z, Circle, and Ripple successively issued statements expressing their support.

Techub News reported that Eleanor Terrett tweeted that after Coinbase publicly opposed the Senate Republican (BankingGOP) market structure bill, multiple crypto companies and industry organizations successively issued statements in support of the bill that night. Terrett mentioned that those who have already expressed support include a16z, Circle, Kraken, Digital Chamber, Ripple, and Coin Center. According to the bill text released by the Senate Banking Committee, this market structure draft is part of the digital asset regulatory framework, and there remains uncertainty regarding subsequent legislative progress.