@creditcards.base.eth
🪙 Coinbase Warns It May Withdraw Support for the CLARITY Act
According to Bloomberg, Coinbase stated that it may stop supporting the CLARITY Act if the legislation imposes stricter restrictions on stablecoin reward mechanisms beyond basic disclosure and transparency requirements.
➡️ @coinbase argues that:
Stablecoin rewards should be regulated primarily through disclosure and transparency
Deeper restrictions could stifle innovation and directly impact users
➡️ This move highlights ongoing tensions between the crypto industry and the U.S. regulatory framework, particularly around stablecoins — a critical component of DeFi and on-chain payments.
➡️ Stablecoins remain one of the hottest regulatory battlegrounds, and any policy changes could have significant ripple effects across the entire crypto market.
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