Coinbase Says CLARITY Act Markup Expected Next Week
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- Two US senators announced a compromise on stablecoin yield that could move the CLARITY Act forward in the banking committee.
- Coinbase US policy VP Kara Calvert expects a markup on the CLARITY Act in the banking committee by next week.
- White House crypto adviser Patrick Witt targets a July 4 deadline for the CLARITY Act to pass the House after a June Senate vote.
- Lawmakers plan to add ethics language addressing conflicts of interest to the CLARITY Act.
- Senate may pass the CLARITY Act before its August recess, according to some lawmakers.
Why it matters: Coinbase and other crypto firms gain a clearer regulatory path as the CLARITY Act moves toward passage, while risky token issuers face a ban; the July 4 deadline compresses the legislative timeline, accelerating market compliance.
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