Coinbase’s Brian Armstrong pulled support for the CLARITY Act, arguing the draft harms DeFi and stablecoin rewards.
The White House reacted sharply, warning the crypto industry not to overplay its influence in Washington.
The Senate crypto market structure bill now faces delays as lawmakers scramble to rebuild bipartisan support.
Coinbase’s withdrawal from the Digital Asset Market Clarity Act effort is leading to a degree of political backlash in Washington, and the crypto regulation bill currently deemed to have the most potential is losing steam. It is indicative of how easy it is for crypto regulation wins to slip through legislators’ fingers, even under a more friendly U.S. administration.
According to Bloomberg, a week after Coinbase CEO Brian Armstrong helped stall sweeping crypto legislation in the Senate, White House crypto adviser Patrick Witt publicly criticized the move and warned the industry not to take its influence for granted.
Armstrong had argued
We współpracy z: https://thenewscrypto.com/coinbase-pushback-delays-crypto-market-structure-bill-in-senate/
