Coinbase withdraws support from CLARITY Act following Senate amendments
Coinbase CEO Brian Armstrong said Tuesday night the company can no longer support the U.S. Senate version of the crypto market structure bill, after lawmakers introduced significant changes to the CLARITY Act.
He said the Senate Banking Committee draft 'breaks key parts of the market structure' and creates risks for tokenized shares, DeFi, stablecoins, and open crypto markets.
Changes to the CLARITY Act