Coinbase Again Declines to Support Updated Clarity Act Draft
Senator Tillis co-sponsored an amendment to tighten restrictions on stablecoin yield in the CLARITY Act.
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Senator Tillis co-sponsored an amendment to tighten restrictions on stablecoin yield in the CLARITY Act.
Coinbase CEO Brian Armstrong again declined to support the updated CLARITY Act draft, citing provisions on stablecoin yields, tokenized equities, DeFi and CFTC authority. The article says the dispute complicates Senate negotiations and leaves the bill’s promised regulatory clarity uncertain.
Co-sponsor of yield-restriction amendment
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Cynthia M. Lummis