Coinbase CEO Brian Armstrong gets behind CLARITY Act ahead of Thursday markup
Cointelegraph
Coinbase CEO Brian Armstrong expressed support for the CLARITY Act, citing a bipartisan compromise on stablecoin regulations ahead of the Senate markup.Summary
Coinbase CEO Brian Armstrong has voiced strong support for the updated Digital Asset Market Clarity Act (CLARITY) as it nears a Senate markup. Armstrong highlighted a successful compromise brokered by Senators Tillis and Alsobrooks regarding stablecoin yields, resolving a primary point of contention that previously stalled the bill. The new draft also introduces improved provisions for decentralized finance (DeFi), tokenized stocks, and the Commodity Futures Trading Commission (CFTC) oversight. Armstrong believes the legislation is currently in its strongest, most bipartisan position to date.
(Source：Cointelegraph)