Coinbase Flags Concerns Over CLARITY Bill

TheNewsCryptoPublicado a 2026-01-12Actualizado a 2026-01-12

Resumen

Coinbase has threatened to withdraw its support for the upcoming CLARITY Act, a key U.S. crypto bill, if it restricts the ability of platforms to offer rewards on stablecoin holdings beyond basic disclosure rules. The exchange argues such limitations would harm its business and competition in the stablecoin market, particularly affecting rewards programs for assets like USD Coin. This stance follows the earlier GENIUS Act, which prohibited issuers from paying yields but allowed third-party platforms to offer rewards. Coinbase claims restricting platform-based rewards would undermine previous compromises and unfairly advantage traditional banks. The issue arises as policymakers work on broader crypto market reforms, with some senators seeking a compromise that would permit rewards only for chartered banks or trust companies.

As per the reports, it is speculated that Coinbase might withdraw its support for Washington’s upcoming major crypto bill. The firm is setting its boundaries as Congress moves closer to finalising its upcoming major crypto bill named the CLARITY Act.

In a report shared by Bloomberg on January 11, a warning surfaced as policymakers got ready to put up an extensive digital-asset market structure bill in the Senate later this week. Coinbase revealed that it may pull out its support for the CLARITY Act if it limits stablecoin rewards beyond fundamental disclosure rules.

As per the exchange, the issue directly hits its business and the competition in the stablecoin market, and the people close to the company’s thinking think alike. The ability to offer rewards on stablecoin balances, mainly USD Coin, remains at stake.

Association with the other Act

The debate trails through the GENIUS Act in July, which made the first federal framework for stablecoin issuers. That law bars creators from paying interest or yield associated only with holding stablecoins, but it does not obstruct third-party platforms from offering rewards to users.

Companies associated with crypto say that distinction was intentional. The officials from Coinbase state that prohibiting platform-based rewards would revoke compromises so far settled in the GENIUS Act and shift the field in favour of banks.

The firm has also mounted rewards as a way to make the role of the dollar in global digital finance more robust, mainly as different countries explore interest-bearing virtual currencies. Political pressure surrounding the bill is also increasing. In the election cycle of 2023-24, the crypto industry was leading in being the largest corporate political spender, in which Coinbase was a prominent donor.

The threat to withdraw support has weight as policymakers attempt to maintain momentum in the back of broader market structure reforms. Still, the final outcome is not clear. Some senators are looking for a middle ground that would permit rewards only for companies holding bank or trust charters.

Highlighted Crypto News Today:

Bitcoin Holds Near $92K as Asia Rises Ahead of US CPI Data

TagsCoinbaseCrypto BillGenius ACT

Preguntas relacionadas

QWhy might Coinbase withdraw its support for the CLARITY Act?

ACoinbase may withdraw its support if the CLARITY Act limits stablecoin rewards beyond fundamental disclosure rules, as this directly impacts its business and competition in the stablecoin market.

QWhat is the main concern for Coinbase regarding the CLARITY Act?

AThe main concern is the potential restriction on the ability to offer rewards on stablecoin balances, particularly for USD Coin, which is a key part of its business model.

QHow does the GENIUS Act relate to the current debate over the CLARITY Act?

AThe GENIUS Act, passed in July, established the first federal framework for stablecoin issuers. It prohibits issuers from paying interest directly but allows third-party platforms to offer rewards. The current debate centers on whether the CLARITY Act will uphold this distinction.

QWhat is the crypto industry's argument for allowing platform-based stablecoin rewards?

AThe industry argues that prohibiting platform-based rewards would undo compromises made in the GENIUS Act and unfairly shift the competitive landscape in favor of traditional banks.

QWhat is one potential legislative compromise being considered regarding stablecoin rewards?

ASome senators are seeking a middle ground that would permit rewards only for companies that hold a bank or trust charter, attempting to balance innovation with regulatory oversight.

Lecturas Relacionadas

L1 is Dead, Long Live Appchain

"L1 is Dead, Appchain Rises" critiques the failure of current Layer-1 (L1) blockchain models, arguing their tokens are trending toward zero. The author identifies key flaws: linear token emissions that incentivize selling rather than value creation, weak value propositions like "gas token" and "governance" narratives, mismanagement by bloated "foundations" or "labs" that drain value through excessive spending and token sales, and poor industry leadership focused on short-term narratives and overhyped trends like RaaS and high TPS. The solution proposed is a fundamental shift. New L1 token models are needed, moving away from the "low float, high FDV" paradigm that disadvantages retail investors. Fundraising should be sufficient only for launch, not excessive. Token unlocks should be tied to real milestones like CEX listings or DeFi integration. The ultimate goal should be for L1 tokens to become widely used mediums of exchange, not just fuel for networks. Value is increasingly moving to the application layer, with successful apps building their own chains (appchains). The author concludes that L1s must build sustainable value by creating useful applications and services, fostering strong holder communities, and achieving self-sustainability without relying on continuous token emissions.

marsbitHace 1 hora(s)

L1 is Dead, Long Live Appchain

marsbitHace 1 hora(s)

An Open-Source AI Tool That No One Saw Predicted Kelp DAO's $292 Million Vulnerability 12 Days Ago

An open-source AI security tool flagged critical risks in Kelp DAO’s cross-chain architecture 12 days before a $292 million exploit on April 18, 2026—the largest DeFi incident of the year. The vulnerability was not in the smart contracts but in the configuration of LayerZero’s cross-chain bridge: a 1-of-1 Decentralized Verifier Network (DVN) setup allowed an attacker to forge cross-chain messages with a single compromised node. The tool, which performs AI-assisted architectural risk assessments using public data, identified several unremediated risks, including opaque DVN configuration, single-point-of-failure across 16 chains, unverified cross-chain governance controls, and similarities to historical bridge attacks like Ronin and Harmony. It also noted the absence of an insurance pool, which amplified losses as Aave and other protocols absorbed nearly $300M in bad debt. The attack unfolded over 46 minutes: the attacker minted 116,500 rsETH on Ethereum via a fraudulent message, used it as collateral to borrow WETH on lending platforms, and laundered funds through Tornado Cash. While an emergency pause prevented two subsequent attacks worth ~$200M, the damage was severe. The tool’s report, committed to GitHub on April 6, scored Kelp DAO a medium-risk 72/100—later acknowledged as too lenient. It failed to query on-chain DVN configurations or initiate private disclosure, highlighting gaps in current DeFi security approaches that focus on code audits but miss config-level and governance risks. The incident underscores the need for independent, AI-powered risk assessment tools that evaluate protocol architecture, not just code.

marsbitHace 1 hora(s)

An Open-Source AI Tool That No One Saw Predicted Kelp DAO's $292 Million Vulnerability 12 Days Ago

marsbitHace 1 hora(s)

Figma's Stock Drops Over 7%, Is Claude Design the One to End It All?

Figma's stock fell over 7% following Anthropic's announcement of Claude Design, an experimental AI-powered design tool. Driven by the Opus 4.7 model, Claude Design generates prototypes, slides, and visual content, directly challenging Figma and Canva. A key feature is its seamless handoff capability to Claude Code, enabling a closed loop from design to development. The tool automatically reads existing code and design files to create tailored design systems, though early users report high token usage and bugs. The release follows a series of strategic moves by Anthropic, including limited releases of advanced models and high-level regulatory meetings. With a rumored $800 billion valuation and potential IPO by October, Anthropic is shifting from selling AI models to building end-user products, positioning itself as a competitor rather than just a partner to its API users. While Claude Design is not yet a full replacement for professional tools, it threatens to redefine Figma’s user base by enabling rapid prototyping for non-designers and small teams.

marsbitHace 1 hora(s)

Figma's Stock Drops Over 7%, Is Claude Design the One to End It All?

marsbitHace 1 hora(s)

Financing Weekly | 15 Public Financing Events, Paxos Labs Completes $12 Million Financing Led by Blockchain Capital

Last week (April 13-19) saw 15 blockchain funding rounds totaling over $165 million. Key deals include Paxos Labs raising $12 million led by Blockchain Capital to build DeFi infrastructure for stablecoin issuance and lending. In AI+Web3, OpenGradient secured $9.5 million for its verifiable AI compute network. DeFi highlights include Brix's $5.5 million raise for emerging market asset tokenization and Votre's $3.75 million seed round for its on-chain crypto lending platform. In centralized finance, digital banking platform Slash closed a $100 million Series C. Prediction market platform Pumpcade raised $5 million, backed by Jump Crypto. Additionally, DePIN project SHARE completed a seed round led by Greenfield Capital.

marsbitHace 1 hora(s)

Financing Weekly | 15 Public Financing Events, Paxos Labs Completes $12 Million Financing Led by Blockchain Capital

marsbitHace 1 hora(s)

Trading

Spot
Futuros
活动图片