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CLARITY Act
2 briefs
power 2026-04-10
Coinbase Just Endorsed the Bill It Killed Twice. The Treasury Secretary Made the Ask.
Brian Armstrong spent months blocking the CLARITY Act over stablecoin yield rules that threatened $1.35 billion in Coinbase revenue. After Scott Bessent publicly pushed for it, Armstrong reversed. The yield question is still unresolved.
power 2026-04-09
Banks Spent Two Years Lobbying to Ban Stablecoin Yield. The White House Just Proved Their Numbers Don't Add Up.
The CLARITY Act was almost derailed by bank lobbying to prohibit stablecoin yield. A new White House analysis finds the ban would boost bank lending by 0.02% while costing consumers $800 million. The banks are protecting something other than what they claimed.