'Banks Have Been Meddling': Crypto Industry Split Over CLARITY Act As Coinbase Says 'No'

'Banks Have Been Meddling': Crypto Industry Split Over CLARITY Act As Coinbase Says 'No'

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US Crypto Policy Debate Intensifies as CLARITY Act Support Fractures

Washington’s long-running effort to bring regulatory clarity to the U.S. crypto market has entered a more uncertain phase. The Digital Asset Market Clarity Act, known as the CLARITY Act, was expected to move closer to a Senate vote this week. Related Reading: Ethereum New Addresses Hit Record Levels: What’s Driving The Growth? Instead, a sudden […]

Crypto Critics Say Elizabeth Warren’s Clarity Act Tweaks Hand Wall Street the Upper Hand

Crypto Critics Say Elizabeth Warren’s Clarity Act Tweaks Hand Wall Street the Upper Hand Crypto Critics Say Elizabeth Warren’s Clarity Act Tweaks Hand …

CLARITY Act Vote Pulled as Crypto Industry Pushes Back

Opposition from major crypto firms and developers intensified after concerns emerged that the bill overwhelmingly favors incumbent financial institutions. Key Takeaways Senate vote on the CLARITY Act was cancelled after industry backlash The bill bans stablecoin yield, protecting bank deposits Banking groups are accused of shaping the law in their favor DeFi and tokenized assets would face heavy restrictions The turning point came after public …

‘Banks Have Been Meddling’: Crypto Industry Split Over CLARITY Act As Coinbase Says ‘No’

‘Banks Have Been Meddling’: Crypto Industry Split Over CLARITY Act As Coinbase Says ‘No’ A division appears to be forming among crypto industry executives regarding the market structure bill, with crypto giants such as Coinbase pulling support, but others stating that any regulation is better than none. “Crypto builders need clear rules of the road,” said Chris Dixon, managing partner at a16z Crypto on Thursday. He added that over the past five…