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White House pressures Coinbase over CLARITY bill Reports suggest the White House is considering pulling its backing for the CLARITY crypto market structure bill amid tensions with Coinbase. According to journalist Eleanor Terrett, the administration is unhappy with Coinbase’s stance on yield-generating stablecoins and wants the company to re-engage in discussions with traditional banks. Officials reportedly viewed Coinbase’s recent actions as a sudden shift that undermined both policymakers and the broader industry. Coinbase’s CEO has pushed back on that narrative, stating that negotiations with banks are still ongoing.

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