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Coinbase CEO will meet with Republican senators on the eve of the vote on the CLARITY Act.
BlockBeats News, May 12 — sources say that Coinbase CEO Brian Armstrong plans to meet with U.S. Republican senators tomorrow, on the eve of a key scrutiny vote on the “Cryptocurrency Market Structure Act” (the CLARITY Act).
Brian Armstrong previously said in an interview that multiple parties disagree over stablecoin interest-bearing terms and the issue of regulatory attribution under the “Cryptocurrency Market Structure Act,” but they are currently seeking a “win-win” solution. On May 14, the U.S. Senate Banking Committee will review the CLARITY Act. This legislation, long promoted by the crypto industry, aims to establish a clearer regulatory framework for the U.S. digital asset market. Its core is not just “good news for the crypto industry,” but that the U.S. is trying to bring the regulatory disputes that have remained unresolved over the past few years back into Congress’s legislative process.