Coinbase Surges 12% as Lummis Locks In Bipartisan Clarity Act Stablecoin Yield Deal

Coinbase jumped 12% hours after Senator Cynthia Lummis announced a finalized bipartisan agreement on the Clarity Act stablecoin yield.Senator Cynthia Lummis announced the bipartisan deal, resolving the most contentious provision in the Lummis-Gillibrand legislative framework: whether licensed entities can lawfully offer stablecoin yield to customers without triggering securities classification. This finalized, bipart…