Coinbase Just Pulled Support for the Crypto Clarity Act Again — Is an $800 Million Revenue Line on the Line?

Coinbase has again refused to back the Digital Asset Market Clarity Act, telling the Senate this week it cannot support the latest draft text, a version specifically engineered to address banking-sector objections over stablecoin yield. The revised bill, circulated Monday and led by Senators Thom Tillis and Angela Alsobrooks, would prohibit crypto exchanges from paying rewards on stablecoin balances and restrict acce…