Coinbase again reportedly rejects support for CLARITY Act

The CLARITY Act is reportedly facing opposition from Coinbase Global (Nasdaq: COIN) again, as per the latest Punchbowl News report. The legislation, which aims to define how cryptocurrencies are regulated in the United States, has a provision regarding stablecoin rewards that has proved to be thorny. A stablecoin is a cryptocurrency designed to maintain a stable value, usually pegged to a fiat currency like the U.S. dollar. Examples include Tether's USDT, Circle's USDC, and Ripple's RLUSD, which are tre ...