Coinbase standoff over stablecoin reward CLARITY is now holding up rules for the entire US crypto market

The stablecoin yield fight has once again consumed the CLARITY Act debate on Capitol Hill, and the cost of that consumption is now measurable. The bill stalled in January when Coinbase objected to its terms, a White House meeting in February failed to break the deadlock, and by March, the calendar itself had become a credible threat to passage. Punchbowl’s latest report suggested Coinbase representatives told the Sen…