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Stock impact report

Analysis-Crypto bill hits new impasse, raising doubts over its future [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
White House, a development that cast doubt on whether the bill will pass this year and sparked criticism from President Donald Trump who accused lenders of trying to undermine it. Trump, who courted crypto cash on ?the campaign trail and whose family has profited from its own token, has prioritized crypto reform during his second administration. On Tuesday evening, he took to his Truth Social platform to call ?out the banking industry. "We are not going to allow them to undermine our powerful Crypto Agenda," he posted. Crypto companies have been operating in a regulatory gray area which executives say has stymied their businesses. The Clarity Act bill aims to create clear regulations that ?should help promote cryptocurrency adoption, say its supporters. The bill stalled in January because banks opposed a provision allowing stablecoin issuers and crypto firms to offer yield-bearing products and other rewards that could lure away bank deposits, making it harder for them to fund le Show less Read more
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