Coinbase May Reconsider CLARITY Act Support if Stablecoin Rewards Restricted
Coinbase on Jan. 12 urged U.S. lawmakers to oppose DeFi-ban proposals in the CLARITY Act and may reconsider its support if stablecoin rewards are restricted, Bloomberg reported. The Senate Banking Committee will discuss the bill Thursday. Stablecoins brought Coinbase nearly $247 million in Q4 2024.