Senate and Crypto Heavyweights Signal CLARITY Act Is Still Alive Despite Coinbase Revolt

TL;DR:

Coinbase’s abrupt decision to withdraw support for the CLARITY Act sent a shock through Washington and crypto markets as well. It triggered the cancellation of a scheduled Senate Banking Committee markup and reignited fears that US crypto market structure reform could once again stall.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.