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Coinbase Expresses Dissatisfaction With Crypto Market Structure Bill Compromise
Golden Finance reports that on March 26, the U.S. Crypto Market Structure Act, CLARITY Act, reached a compromise on stablecoin yield provisions, sparking disagreements within the crypto industry. According to reports, Coinbase is dissatisfied with the latest compromise plan but has not publicly opposed it. The new proposal will guide regulators in drafting rules to clarify how yields are regulated. Some individuals are concerned that subjective standards could limit reward programs and are calling for the rules to remain neutral. Coinbase has disagreements with other parties during an industry conference call, and an updated draft is expected to be released by the end of this week or early next week. The banking sector has not publicly commented, and a White House crypto advisor said, “Everything will be resolved, bullish.”