In brief
- The White House crypto council director warned that rejecting market-structure legislation outright risks tougher regulation later, particularly under a future Democratic Congress.
- Coinbase’s opposition to the CLARITY Act has sharpened divisions within the crypto industry over whether to accept imperfect rules now or wait.
- Disagreement centres on how the bill would treat stablecoin yield and rewards, with critics warning vague definitions could restrict compliant models.
On Tuesday, the executive director of the President’s Council of Advisors on Digital Assets took aim at Coinbase’s decision last week to withdraw support for the Senate’s crypto market structure bill, in the latest sign that lawmakers are growing weary…
