Coinbase

2 briefs

power 2026-05-05

Coinbase Flipped on Crypto Regulation. That Should Make You Nervous.

Coinbase reversed its opposition to the CLARITY Act after senators struck a deal on stablecoin yields. The crypto industry now wants this bill to pass. When an industry stops fighting regulation, the regulation usually favors them.

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.