White House Considers Pulling CLARITY Act Backing After Coinbase Withdrawal
The White House is said to be weighing a withdrawal of its support for the proposed crypto market structure bill, commonly known as the CLARITY Act, a few days after Coinbase retracted its backing. According to various reports, Donald Trump’s administration may abandon the bill if Coinbase fails to re-engage. Why Coinbase Withdrew Its Support
Andrew Richard2 min read
The White House is said to be weighing a withdrawal of its support for the proposed crypto market structure bill, commonly known as the CLARITY Act, a few days after Coinbase retracted its backing.
According to various reports, Donald Trump’s administration may abandon the bill if Coinbase fails to re-engage.
Coinbase’s move to drop its backing of the CLARITY Act comes a few months after the US House passed the bill, intended to define which agency between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should oversee digital assets.
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