2026-01-20 10:50:29

The cryptocurrency industry has experienced a sudden policy upheaval. After months of intensive negotiations, the CLARITY Act was originally expected to smoothly proceed to a vote in the Senate Committee last Thursday, which is the most critical step in the entire legislative process. However, the situation suddenly took a turn.

Just as the bill was about to pass this milestone, the CEO of Coinbase, the largest crypto exchange in the United States, expressed regret via social media platforms. He explicitly stated that due to adjustments in certain key provisions, Coinbase could no longer support the advancement of this bill. This statement immediately triggered a chain reaction within the industry, with several leading exchanges and crypto companies also voicing similar concerns.

The initial goal of the CLARITY Act was to provide a clear federal regulatory framework for the cryptocurrency industry, distinguishing between different types of digital assets and trading activities. However, during the negotiation of specific provisions, disagreements between regulators and industry stakeholders gradually surfaced. Industry insiders believe that this setback reflects the complexity of U.S. cryptocurrency regulation — balancing risk prevention with leaving room for innovation.

The future direction remains to be seen.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
6
Repost
Share

Comment

0/400

WagmiWarrior

· 8h ago

What is CB up to again? The agreed-upon terms suddenly changed, and now the entire industry is cooling down.

View OriginalReply0

MultiSigFailMaster

· 8h ago

Haha, Coinbase is playing tricks again. They promised to support transfers and then backtracked. I'm tired of this routine. They change the terms and then back out—whose bottom line is this low? With both regulation and innovation, caught in the middle, everyone feels uncomfortable. No wonder the bills are exploding. Now, CLARITY is probably another distant dream. That's just how things are in the crypto world. CB really, every critical moment they put on this show—truly a master at it. It feels like the entire US regulation is just a big game of tug-of-war. When will it finally be clarified? Now betting on this, the bill probably won't move by the end of the year... Negotiations between regulators and exchanges are like two stubborn donkeys—neither willing to take the first step. Coinbase's moves really disappointed the industry a bit.

View OriginalReply0

MissingSats

· 8h ago

Compliance is like this; the promised framework ultimately has to be compromised. Coinbase's recent actions are also unavoidable.

View OriginalReply0

BearMarketSurvivor

· 8h ago

Damn, Coinbase's move is really a blow below the belt... Where's the clear regulatory framework they promised? As soon as the terms are adjusted, they throw in the towel, and other exchanges follow suit. Is this what they call a "clear" bill? Haha, it's hilarious. Might as well just say "Our money is safe, if not, get lost." It's another battle of interests, claiming to prevent risks and promote innovation, but it's all just a smokescreen. The politicians are still dreaming. This time, crypto companies banding together, it seems that U.S. regulation will have to be put on the back burner for the short term. Both sides are taking off each other's hats. If this bill actually passes, it would be quite strange.

View OriginalReply0

BlockchainArchaeologist

· 9h ago

Haha, as soon as Coinbase made a move, the entire bill was ruined. The script is really well written. How outrageous can CB's backstabbing be? It's almost crossing the line, and suddenly they say they don't support it. It's regulation and innovation again; these two will never be able to play nicely together. The promised CLARITY turned out to be a mess, hilarious. Wait, what are the big holders feeling now? How is this policy swing supposed to work? A CEO's tweet can kill an entire bill—this is the reality? I just want to know who dares to step up and take on this mess next. The tug-of-war between US regulators and the industry has gone big this time. There’s still more to come.

View OriginalReply0

ProofOfNothing

· 9h ago

Coinbase this time really is awesome. It looked like it was going to pass, but then suddenly dropped the ball. Blame those damn terms and conditions. --- Here we go again, regulators never understand what we want. Typical. --- After all this, everyone is still doing their own thing. No real consensus. --- Wait, is CB really this tough? Not afraid of being targeted? --- US policies are like a roller coaster. Who dares to follow? --- Already knew it wouldn’t go smoothly. Crypto is just like that. --- What exactly did they change in the terms and conditions? Can someone clarify? --- Now it’s all over again, gotta start from scratch. Incredible. --- CB leading the opposition against other exchanges just means they have to follow. It’s a game of influence. --- Why bother? We were so close to winning.

View OriginalReply0