Analyst revamps Coinbase rating as Clarity Act hearing nears

Just months ago, Coinbase (NASDAQ: COIN) was distributing branded green tea called "Clari-tea" in support of the CLARITY Act. However, ahead of the proposed framework reaching the Senate committee on Jan. 15, the largest crypto exchange in the United States is reportedly rethinking its support. Bloomberg reported on Jan. 11 that an anonymous person familiar with the firm’s thinking shared the company's new stance on the CLARITY Act is broadly dependent on the text of platform-based rewards. Related: Hou ...