Stablecoin yield fight threatens to sink CLARITY Act as Coinbase and White House clash

Coinbase CEO Brian Armstrong revealed that the White House has urged the company to negotiate with banks regarding stablecoin regulations, warning that failure to reach an agreement could jeopardize support for the CLARITY Act. This clash highlights ongoing tensions between cryptocurrency firms and regulatory bodies as they navigate the evolving landscape of digital asset legislation.

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Source: The Block · Report an issue