{"id":39124,"date":"2026-03-25T20:42:06","date_gmt":"2026-03-25T20:42:06","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=39124"},"modified":"2026-03-25T20:42:06","modified_gmt":"2026-03-25T20:42:06","slug":"crypto-bill-clash-coinbase-rejects-clarity-act-changes-on-stablecoin-yields","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=39124","title":{"rendered":"Crypto Bill Clash: Coinbase Rejects CLARITY Act Changes On Stablecoin Yields"},"content":{"rendered":"<p>Cryptocurrency exchange Coinbase has reportedly told Senate offices it cannot support the latest language inserted into the CLARITY Act, dealing a fresh setback to negotiations over the anticipated crypto market-structure bill.\u00a0<\/p>\n<p>The dispute centers on newly revised provisions governing stablecoin yield arrangements, a key point of contention that has been the subject of months of talks on Capitol Hill.<\/p>\n<h2>Coinbase Says No To Late\u2011Stage Compromise\u00a0<\/h2>\n<p>The Senate\u2019s <a href=\"https:\/\/www.newsbtc.com\/breaking-news-ticker\/circle-crcl-crashes-below-100-after-senate-revises-crypto-bill-to-ban-stablecoin-rewards\/\" target=\"_blank\" rel=\"noopener \">updated text<\/a> would constrain how stablecoin yield programs operate, limiting structures that try to mirror bank deposit products and tightening the permissible scope of other activities.\u00a0<\/p>\n<p>The draft leaves open questions over the mechanisms for classifying activity-based stablecoins and how transaction-reward programs would be treated.\u00a0<\/p>\n<p>Those uncertainties, combined with what some in the industry view as more restrictive wording, prompted Coinbase to <a href=\"https:\/\/x.com\/BrendanPedersen\/status\/2036865245474361512?s=20\" target=\"_blank\" rel=\"noopener nofollow\">inform <\/a>lawmakers this week that it could not back the late-stage compromise language.<\/p>\n<p>The move marks a softer but still consequential reversal from Coinbase CEO Brian Armstrong\u2019s more forceful opposition in January, which previously stalled the bill\u2019s markup.\u00a0<\/p>\n<h2>Industry Split Over CLARITY Act Draft<\/h2>\n<p>Beyond Coinbase, industry responses to the new draft have been mixed. One major trade association <a href=\"https:\/\/www.cryptoinamerica.com\/p\/crypto-leaders-split-over-stablecoin\" target=\"_blank\" rel=\"noopener nofollow\">told <\/a>Crypto In America that the revised language represented a marked departure from what had been discussed with the White House, and described the text as more restrictive for the crypto sector.\u00a0<\/p>\n<p>In contrast, another trade group leader characterized the provisions as largely in line with expectations, arguing they struck an acceptable balance by preserving rewards while preventing interest-like stablecoin offerings.\u00a0\u00a0<\/p>\n<p>\u201cThis is the best possible result,\u201d that source said, noting the new draft seemed broader than an earlier proposal advanced by Senators Thom Tillis and Angela Alsobrooks, and expressing confidence that \u201cpeople will still get their rewards.\u201d<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/5jhbfPSG\/\" alt=\"Coinbase\" width=\"1814\" height=\"981\" \/><\/p>\n<p>Coinbase\u2019s stock, trading under the ticker name COIN, concluded Wednesday\u2019s trading session at $181, down nearly 5% from its opening price above $190 per share.\u00a0<\/p>\n<p>Featured image from OpenArt, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange Coinbase has reportedly told Senate offices it cannot support the latest language inserted into the CLARITY Act, dealing a fresh setback to negotiations over the anticipated crypto market-structure bill.\u00a0 The dispute centers on newly revised provisions governing stablecoin yield arrangements, a key point of contention that has been the subject of months of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39125,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-39124","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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