Coinbase Withdraws Support Again Over 'Serious Concerns' with Stablecoin Reward Limitation Clause in Clarity Act

The Clarity Act, aimed at restructuring the U.S. cryptocurrency market, has hit another roadblock. Coinbase, the largest cryptocurrency exchange in the U.S., has communicated to the Senate that it cannot support the latest provisions of the Clarity Act due to 'serious concerns'. This was reported by Punchbowl News on March 26, citing information from four insiders. The contentious issue revolves around a clause proposed by Republican Senator Tom Tillis...