Coinbase could pull CLARITY Act support over stablecoin rewards ban

Coinbase may withdraw its support for the CLARITY Act due to a provision that bans stablecoin rewards. The company argues that this restriction could hinder innovation and the growth of the stablecoin market. Coinbase's Chief Legal Officer emphasized the importance of allowing companies to offer rewards to users for stablecoin transactions. The potential withdrawal of support could impact the legislative process surrounding the bill. The debate highlights the ongoing tensions between regulatory frameworks and the evolving cryptocurrency landscape.

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