Citron Research claims that Coinbase withdrawing support for the (CLARITY Act) is to hinder the development of competitor Securitize. Securitize is about to go public through a merger with the special purpose acquisition company SPAC with Cantor Equity Partners II. The short-selling firm states that Coinbase is worried that if clearer regulatory policies promote the development of tokenized securities, Coinbase will lose stablecoin revenue. Securitize has received support from companies like BlackRock and holds key licenses, having issued over $4 billion in tokenized securities.