Why is Coinbase so fiercely opposed to CLARITY? It's all about interests. If you take a closer look, Bald Guy is mainly focused on stablecoin yields. Last year's Genius Act prohibited stablecoin issuers from paying interest to holders but allowed 'third parties and affiliates' of stablecoins to pay yields, leaving legal room for Coinbase's model. Coinbase uses the USDC deposited by users on its platform to do DeFi and earn interest spreads, raking in $300-400 million in revenue per quarter, which adds up to over $1 billion annually. Where your interests lie determines your stance, so Bald Guy has become the frontrunner in opposing this. Other industry players may also support it, but their stance is much more moderate. They generally believe that having some legal framework is better than having none. They hope to pass a framework first and then improve it gradually. Of course, this is also because their interests aren't as significant as Coinbase's: Ripple focuses on payments, Circle as an issuer is already prohibited from paying yields to users, and a16z as an investment firm naturally wants a framework law to be introduced first.