Odaily Planet Daily report: Coinbase CEO Brian Armstrong plans to meet with U.S. Republican senators this Wednesday, ahead of the U.S. Senate Banking Committee’s key vote on the CLARITY Act scheduled for Thursday.
Reports indicate that the latest version of the bill draft exceeds 300 pages and covers topics such as stablecoin incentive mechanisms, DeFi protection provisions, and federal regulatory standards for digital assets. Previously, Coinbase had withdrawn its support for the bill due to concerns over stablecoin yield restrictions and DeFi protections; however, following revisions spearheaded by Senators Thom Tillis and Angela Alsobrooks, Armstrong has recently softened his stance, stating that the industry “did not get everything it wanted, but its core demands have been preserved.”
Currently, U.S. banking groups continue to lobby for stricter provisions on stablecoins, while some Democratic lawmakers are calling for the inclusion of conflict-of-interest clauses restricting government officials from participating in crypto-related activities. The market is closely watching the committee’s deliberations this week, which could determine whether the U.S.’s first comprehensive crypto regulatory framework can be advanced and implemented by the end of 2026. (FinanceFeeds)