Coinbase, a major U.S. cryptocurrency exchange, has formally announced its withdrawal of support for the Digital Asset Market Structure and Investor Protection Act, often referred to as the Clarity Act. The firm cited increasing concerns regarding recent amendments to the bill, suggesting that the evolving legislative language no longer adequately addresses the core need for clear regulatory jurisdictional boundaries for digital assets. This move comes amid broader legislative friction in Congress. Concurrently, the highly anticipated committee markup session for related comprehensive digital asset legislation, scheduled for this week, has been indefinitely postponed by congressional leadership. This delay signals significant challenges in achieving bipartisan consensus on fundamental crypto regulation, thereby extending the uncertainty surrounding the future legal framework for the cryptocurrency industry.
Source: Morning Minute: Coinbase Withdraws Support of Clarity Act, Markup Delayed
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