Cryptocurrency exchange Coinbase has reportedly told Senate offices it cannot 
support the latest language inserted into the CLARITY Act, dealing a fresh 
setback to negotiations over the anticipated crypto market-structure bill. The 
dispute centers on newly revised provisions governing stablecoin yield 
arrangements, a key point of contention that has been the subject of months of 
talks on Capitol Hill. Coinbase Says No To Late‑Stage Compromise The Senate’s 
updated text would constrain how stablecoin yield programs operate, limiting 
structures that try to mirror bank deposit products and tightening the 
permissible scope of other activities. The draft leaves open questions over 
the mechanisms for classifying activity-based stablecoins and how transaction- 
reward programs would be treated. Related Reading: Bitcoin, XRP Rallies Won’t 
Hold Until Oil Falls Toward $80, Expert Warns Those uncertainties, combined 
with what some in the industry view as more restrictive wording, prompted 
Coinbase to inform lawmakers this week that it could not back the late-stage 
compromise language. The move marks a softer but still consequential reversal 
from Coinbase CEO Brian Armstrong’s more forceful opposition in January, which 
previously stalled the bill’s markup. Industry Split Over CLARITY Act Draft 
Beyond Coinbase, industry responses to the new draft have been mixed. One 
major trade association told Crypto In America that the revised language 
represented a marked departure from what had been discussed with the White 
House, and described the text as more restrictive for the crypto sector. 
Related Reading: BlackRock Crypto Outlook: CEO Predicts $500M A Year In 
Revenue Within Next Five Years In contrast, another trade group leader 
characterized the provisions as largely in line with expectations, arguing 
they struck an acceptable balance by preserving rewards while preventing 
interest-like stablecoin offerings. “This is the best possible result,” that 
source said, noting the new draft seemed broader than an earlier proposal 
advanced by Senators Thom Tillis and Angela Alsobrooks, and expressing 
confidence that “people will still get their rewards.” Coinbase&#8217;s stock, 
trading under the ticker name COIN, concluded Wednesday&#8217;s trading session at 
$181, down nearly 5% from its opening price above $190 per share. Featured 
image from OpenArt, chart from TradingView.com

Crypto Bill Clash: Coinbase Rejects CLARITY Act Changes On Stablecoin Yields

AI coding tools are revolutionizing productivity, creating a fierce 
battleground for developers seeking multimodal capabilities.
The post Miles Clements: Balancing financial metrics with operational health, the art and science of investing in AI, and why coding tools are the battleground for productivity | 20VC appeared first on Crypto Briefing.

Miles Clements: Balancing financial metrics with operational health, the art and science of investing in AI, and why coding tools are the battleground for productivity | 20VC

Reddit&#8217;s growth hinged on banning revenge porn and adapting to the mobile- 
first internet era.
The post Alexis Ohanian: Building an online audience requires active engagement, why banning revenge porn was crucial for Reddit, and the importance of performance management in startups | Capital Allocators appeared first on Crypto Briefing.

Alexis Ohanian: Building an online audience requires active engagement, why banning revenge porn was crucial for Reddit, and the importance of performance management in startups | Capital Allocators

Intentional company culture and human capital strategies drive success in 
early-stage tech investments.
The post Katelin Holloway: Early-stage investing parallels HR processes, the power of intentional company cultures, and why human capital is a strategic asset | Capital Allocators appeared first on Crypto Briefing.

Katelin Holloway: Early-stage investing parallels HR processes, the power of intentional company cultures, and why human capital is a strategic asset | Capital Allocators

US regulatory clarity positions the country as a global leader in crypto 
innovation and market integrity.
The post Michael Selig: The US is the crypto capital of the world, regulatory clarity is essential for innovation, and prediction markets enhance information accuracy | Bankless appeared first on Crypto Briefing.

Michael Selig: The US is the crypto capital of the world, regulatory clarity is essential for innovation, and prediction markets enhance information accuracy | Bankless

Cryptocurrency price in EUR