Coinbase Rejects the Clarity Act Draft as Stablecoin Yield Fight Escalates
Senator Angela Alsobrooks co-authored the draft legislation to accelerate the passage of stablecoin regulations through the Senate.
Mixed
tl;dr
Coinbase has rejected a draft of the Clarity Act, which proposes banning stablecoin yields to protect traditional banks. The move complicates efforts by Senators Tillis, Alsobrooks, and Lummis to regulate the sector while facing pressure from the Coinbase-backed Fairshale Super PAC.
How does this look for
ADAngela D. AlsobrooksD-Maryland
tap to vote
50%50%
10 votes · rated by people, not pundits
Discussion
What's your take?
Loading comments...