Coinbase CEO Brian Armstrong endorsed the Clarity Act on April 10 to provide US digital asset regulatory clarity. This reversal follows Armstrong’s January opposition which postponed a Senate committee hearing on the bill.
Months of negotiations produced a compromise regarding stablecoin rewards. The updated framework permits activity-based rewards like transaction rebates.
The new legislation maintains a ban on passive yield for stablecoin holdings. Armstrong’s support aligns with recent efforts by the Treasury Secretary to pass the bill.