🚨 Policy: COINBASE REJECTS THE LATEST SENATE COMPROMISE ON STABLECOIN YIELDS
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#Trump's48HourUltimatumNearsEnd
@coinbase has informed Senate services that it could not support the new wording of the CLARITY Act regarding stablecoin yields, thus putting a new brake on the main legislative priority of the cryptocurrency sector.
During a meeting on Monday, the exchange platform expressed its concerns regarding the latest compromise text drafted by Senators Tillis and Alsobrooks, which prohibits passive yields on stablecoins while allowing rewards related to activity. The new 'economic equivalence' standard is broader than previous versions.
This resistance would, however, be less strong than the opposition expressed in January by CEO Brian Armstrong, who alone had derailed the examination of the bill. Discussions are ongoing, but without Coinbase's support, the bill may face difficulties. Senator Moreno warned that the bill would be blocked indefinitely if not passed by May.
$BTC
$ETH
$BNB
#OilPricesDrop
#Trump's48HourUltimatumNearsEnd
@coinbase has informed Senate services that it could not support the new wording of the CLARITY Act regarding stablecoin yields, thus putting a new brake on the main legislative priority of the cryptocurrency sector.
During a meeting on Monday, the exchange platform expressed its concerns regarding the latest compromise text drafted by Senators Tillis and Alsobrooks, which prohibits passive yields on stablecoins while allowing rewards related to activity. The new 'economic equivalence' standard is broader than previous versions.
This resistance would, however, be less strong than the opposition expressed in January by CEO Brian Armstrong, who alone had derailed the examination of the bill. Discussions are ongoing, but without Coinbase's support, the bill may face difficulties. Senator Moreno warned that the bill would be blocked indefinitely if not passed by May.
$BTC
$ETH
$BNB