tldr; Scott Bessent, Treasury Secretary, accused Coinbase of stalling the CLARITY Act, a proposed U.S. crypto market structure framework. The bill faces delays due to disagreements over stablecoin rewards, which banks argue could destabilize deposits while crypto firms claim they enhance innovation. Coinbase CEO Brian Armstrong opposed the draft, preferring no bill over a flawed one. A White House meeting aimed to resolve these issues but failed to reach a compromise, leaving the legislation in limbo.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
SillyMoneyRick on
Banks won’t allow staking. Thats it. Nothing else to report.
hoppeeness on
Good. Allow staking….they can stake now. No bill means staking continues.
Banks don’t have a good reason other than their bottom lines. It’s not for the betterment of the economic or financial systems or anything. Just more power and control.
BroScience2025 on
Naturally bankers want to do everything in their power to avoid making crypto stable yields surpass their own products, and CEX’s and DEX’s want as much leverage as possible to draw in more cash. Same impasse we have been at in dealing with banks and the feds/politicians pretty much since inception.
CoinBase itself is an amateur hour shitshow that I can hardly believe has the market share that is does with its punishing fees, lock-ups, and the fact that you don;t even have the keys to your own castle.
lardarz on
how does a business block government law making?
GBeastETH on
Good. It sounds like the right thing to do.
kingkongbiingbong on
#GOOD
**fck the banks**
DarkUnable4375 on
If stablecoins gain legal legitimacy, what’s the purpose of Bitcoin, other than in the underworld of scams, drug dealers, ransomware, and hostage payments?
HMCtripleOG on
Xyz
6M66 on
Because Bankers should not decide for crypto, banker are trying to protect their profits.
The bill needs revision
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
10 Kommentare
tldr; Scott Bessent, Treasury Secretary, accused Coinbase of stalling the CLARITY Act, a proposed U.S. crypto market structure framework. The bill faces delays due to disagreements over stablecoin rewards, which banks argue could destabilize deposits while crypto firms claim they enhance innovation. Coinbase CEO Brian Armstrong opposed the draft, preferring no bill over a flawed one. A White House meeting aimed to resolve these issues but failed to reach a compromise, leaving the legislation in limbo.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Banks won’t allow staking. Thats it. Nothing else to report.
Good. Allow staking….they can stake now. No bill means staking continues.
Banks don’t have a good reason other than their bottom lines. It’s not for the betterment of the economic or financial systems or anything. Just more power and control.
Naturally bankers want to do everything in their power to avoid making crypto stable yields surpass their own products, and CEX’s and DEX’s want as much leverage as possible to draw in more cash. Same impasse we have been at in dealing with banks and the feds/politicians pretty much since inception.
CoinBase itself is an amateur hour shitshow that I can hardly believe has the market share that is does with its punishing fees, lock-ups, and the fact that you don;t even have the keys to your own castle.
how does a business block government law making?
Good. It sounds like the right thing to do.
#GOOD
**fck the banks**
If stablecoins gain legal legitimacy, what’s the purpose of Bitcoin, other than in the underworld of scams, drug dealers, ransomware, and hostage payments?
Xyz
Because Bankers should not decide for crypto, banker are trying to protect their profits.
The bill needs revision