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Business • 2026-05-04 09:22

Coinbase Switches Stance, Supports Senate Compromise on CLARITY Act Stablecoin Rewards

According to Benzinga, cryptocurrency exchange Coinbase announced backing for a Senate‑drafted compromise that would revive the CLARITY Act after months of deadlock. The new language bans reward‑based stablecoin programs, a shift from Coinbase’s earlier opposition, and could pave the way for clearer regulatory guidance on stablecoins.

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