Coinbase Again Declines to Support Updated Clarity Act Draft
Senator Alsobrooks introduced an amendment to the CLARITY Act seeking to restrict stablecoin yield payments.
Part of a bigger event
Crypto Bill: CLARITY Act Moves Forward Amid Stablecoin Yield Agreement3 articles·3 sources·Avg cred 37/100
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tl;dr
Coinbase has withheld support for a new draft of the CLARITY Act, stalling Senate progress. The exchange objects to stablecoin yield restrictions and DeFi surveillance, highlighting the legislative friction between industry leaders and bipartisan Senate negotiators.
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ADAngela D. AlsobrooksD-Maryland
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