The CLARITY Act, aimed at regulating stablecoins, has stalled in the US Senate.
Source
"Coinbase CEO Sees Silver Lining in CLARITY Act Delay" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
Coinbase CEO Brian Armstrong has acknowledged the potential benefits for his company in the bill's failure.
A delayed or failed bill may give Coinbase and other companies breathing room, but Armstrong clarified that this outcome is not necessarily positive for the industry as a whole.
BTC · 7D · $82,859+1.6%