Coinbase CEO to Meet with Republican Senators Ahead of Key CLARITY Act Vote

Odaily Odaily reports that Coinbase CEO Brian Armstrong plans to meet with U.S. Republican senators this Wednesday, just ahead of a key committee vote on the CLARITY Act slated for Thursday by the Senate Banking Committee.

Reports indicate the latest draft of the bill exceeds 300 pages, covering stablecoin reward mechanisms, DeFi protection clauses, and federal regulatory standards for digital assets. Coinbase had previously withdrawn its support for the bill over stablecoin yield restrictions and DeFi protections, but after Senators Thom Tillis and Angela Alsobrooks pushed for revisions, Armstrong has recently softened his stance, noting the industry "didn't get everything it wanted, but the core demands have been preserved."

Currently, U.S. banking groups are still lobbying to tighten stablecoin provisions, while some Democratic lawmakers are demanding the inclusion of conflict-of-interest clauses restricting government officials from participating in crypto businesses. The market is closely watching the committee's deliberations this week, which could determine whether the first comprehensive crypto regulatory framework in the U.S. can advance toward enactment by the end of 2026. (FinanceFeeds)