Post
BeInCrypto ID
·
--
Coinbase Withdraws Support for CLARITY Act After Senate Revisions
Coinbase CEO Brian Armstrong revealed on Tuesday night that the company can no longer support the current version of the U.S. Senate's crypto asset market structure bill after lawmakers introduced major changes to the CLARITY Act.
He stated that the Senate Banking Committee draft 'damages key aspects of the market structure' and creates risks for tokenized stocks, DeFi, stablecoins, and open crypto asset markets.
The CLARITY Act Has Just Changed
Coinbase has withdrawn its support just hours before the Senate was scheduled to move the bill to the committee markup stage.
He stated that the Senate Banking Committee draft 'damages key aspects of the market structure' and creates risks for tokenized stocks, DeFi, stablecoins, and open crypto asset markets.
The CLARITY Act Has Just Changed
Coinbase has withdrawn its support just hours before the Senate was scheduled to move the bill to the committee markup stage.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.