Head of Policy at Coinbase: The final provisions regarding reward mechanisms in the "CLARITY Act" have now been announced

Golden Finance reports that on May 2nd, Coinbase policy head Faryar Shirzad posted on the X platform stating, “The final text regarding the reward mechanism in the CLARITY Act is now public. Throughout the process, we have emphasized that: this debate is largely based on hypothetical risks rather than real evidence, and it also lacks understanding of how the crypto industry actually operates.
Nevertheless, the crypto industry remains actively engaged in the discussion. After months of meetings, the White House, U.S. Department of the Treasury, Senate Banking Republicans, Thom Tillis, and Angela Alsobrooks ultimately reached a compromise.
In the end, the banking side gained more restrictions on rewards, but we preserved the key point — American users can still earn rewards based on genuine use of crypto platforms and networks. At the same time, we also ensure that the U.S. can maintain its leadership in the global financial system, which is crucial in today’s highly competitive geopolitical environment. This is of great significance for innovation, consumers, and U.S. national security.
With this issue settled, it’s now time to shift focus to the broader content of the bill. During this controversy, significant progress has also been made in other areas, such as token classification, DeFi, and tokenization. We look forward to reviewing the full final text and pushing the bill forward. It’s time to bring the CLARITY Act to fruition.”