Coinbase Opposes Latest CLARITY Act Draft in U.S. Senate Dispute

The exchange told Senate offices it cannot support the current CLARITY Act proposal, deepening a regulatory standoff over legislation that could shape U.S. digital asset rules.

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Terms & Concepts
  • CLARITY Act: A proposed U.S. digital asset bill intended to define how cryptocurrencies are regulated.
  • Digital asset regulation: The legal framework that determines how cryptocurrencies and related businesses are supervised and governed.
  • Crypto exchange: A platform where users buy, sell, and trade digital assets such as Bitcoin and Ethereum.