Coinbase CEO Urges Senate to Advance CLARITY Act After Stablecoin Yield Deal
Brian Armstrong, the CEO of Coinbase, has significant influence over the fate of this particular bill. As crypto.news reported, he previously withdrew Coinbase’s support just before a scheduled vote, which led to the vote being postponed indefinitely. This happened after Coinbase and Stripe rejected an earlier version of the bill, causing a 20% drop in Circle’s stock price. The current version, developed by Tillis and Alsobrooks after extensive negotiations, clearly defines what’s considered acceptable in terms of earning rewards – it allows rewards for active platform use but prohibits those earned passively.



