Citron Research Accuses Coinbase CEO Brian Armstrong of Undermining CLARITY Act
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Citron Research claims Coinbase CEO Brian Armstrong opposes the Senate's CLARITY Act, aiming to protect Coinbase's stablecoin yield from competition. This has deepened divisions in the crypto industry as other firms continue to support the bill while negotiations in Washington falter.
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Citron Research on Thursday accused Coinbase CEO Brian Armstrong of opposing the Senate’s CLARITY Act to protect the exchange’s stablecoin yield business from new competition, as debate over the bill intensified in Washington and across the crypto industry.
The allegation has widened a public split within crypto, pitting Coinbase’s objections against other firms that still back the bill while lawmakers scramble to revive stalled negotiations.
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