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Coinbase withdrew support for the CLARITY Act, warning the draft would restrict DeFi, ban tokenized equities and eliminate stablecoin rewards.<\/p>\n
The White House is considering withdrawing its support for crypto market structure bill following a similar move from crypto exchange Coinbase, according to Fox Business reporter Eleanor Terrett, citing a source close to the Trump administration.<\/p>\n
In a Sunday post<\/a> on X, Terrett reported that the White House is furious over Coinbase\u2019s decision to pull its backing for the Digital Asset Market Clarity Act, describing the move as a \u201cunilateral\u201d action that blindsided administration officials. <\/p>\n \u201cThe White House is said to be furious with Coinbase\u2019s \u201cunilateral\u201d action on Wednesday, which it app<\/a>arently was not notified of in advance, calling it a \u201crug pull\u201d against the White House and the rest of the industry,\u201d she wrote. <\/p>\n Read more<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n