🚨BREAKING: Coinbase JUST RELEASED a CLARITY Act UPDATE — Senate Markup Could Hit in SECOND HALF OF APRIL 🇺🇸😳🔥
@Coinbase has just sent a private Market View update on the CLARITY Act — and it shows the bill is BACK IN FOCUS after the latest stablecoin rewards fight. 👀
According to the newsletter, the Senate Banking Committee (@BankingGOP) had ALREADY reached an agreement in principle on March 20 to UNBLOCK the bill. 🤯
Then on March 24, lawmakers proposed a NEW compromise:
👉 BAN passive yield paid just for holding stablecoins
👉 But still ALLOW narrower activity-based rewards tied to payments or platform usage 😳
@Coinbase says crypto industry leaders are now working on a “COORDINATED COUNTERPROPOSAL.”🔥
The base case is to resolve the rewards language over the next THREE WEEKS… 😵
which could set up a Senate Banking Committee markup in the SECOND HALF OF APRIL and possible FINAL passage as early as MAY. 👀
APRIL MARKUP.
MAY PASSAGE.
CLARITY ACT IS STILL VERY MUCH ALIVE. 🚀