PANews|Mar 26, 2026 00:57
[Compromise on Crypto Market Structure Bill Sparks Industry Division, Coinbase Expresses Dissatisfaction but Has Yet to Publicly Oppose It]
According to CoinDesk, the U.S. crypto market structure bill, the CLARITY Act, has reached a compromise on stablecoin yield provisions, eliciting mixed reactions from the crypto industry. Sources revealed that Coinbase is dissatisfied with the latest compromise but has not yet publicly opposed it. The proposal was presented to the crypto industry on Monday and to the banking sector on Tuesday. Some stakeholders were 'surprised,' while Coinbase and others expressed dissatisfaction, believing the proposal could impose greater-than-expected obstacles on stablecoin-related products and services.
The new proposal will guide regulators in drafting rules to clarify the regulatory approach to issues such as yields. Some are concerned that regulators might establish subjective standards, potentially restricting different types of reward programs, and are calling for neutrality in rule-making. During an industry conference call on Monday, Coinbase and other participants were divided. Some argued that abandoning certain stablecoin yields would be too costly, while others believed the risk of the bill failing to pass was greater. The updated text is expected to be released by this weekend or early next week. The banking sector has yet to publicly comment on the proposal. A White House crypto advisor stated on social media, 'Everything will be resolved, bullish.'
As reported yesterday, the latest draft of the CLARITY Act prohibits earning yields solely from holding stablecoins.
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