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Guavy AI Editorial Team••Sentiment: 3•Clout: 78

Coinbase Shifts Stance on CLARITY Act After Democrats Add Consumer Protections

MEWTRUMPTRUcoinbase

Coinbase has shifted its stance on the CLARITY Act, backing the revised bill after Senate Democrats added stronger consumer protections.

The move follows closed-door negotiations over the final Senate text of the bill, which now includes an illicit-finance framework, closing an FTX loophole, insider-trading safeguards, and added disclosures.

Coinbase vice chair Ryan VanGrack told CNBC that the CLARITY Act has 'tremendous momentum' in the Senate, with the Senate Banking Committee advancing the bill 15-9.

The Democrats' concessions aim to bridge partisan gaps and address concerns tied to Trump's crypto activities, such as Official Trump (TRUMP) and World Liberty Financial.