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Stock impact report

Coinbase denies White House split claims as Clarity Act divisions deepen [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Armstrong took to X to dismiss reports that the government is on the verge of abandoning its support for the bill, insisting White House officials have been “super constructive” in talks. “They did ask us to see if we can go figure out a deal with the banks, which we're currently working on,” Armstrong wrote. “Actually, we've been cooking up some good ideas on how we can help the community banks specifically in this bill, since that's what this is about.” The comments come at the end of a rough week for proponents of the bill, which proposes a qualified shift of regulatory control and bans on passive yields from stablecoin holdings. Coinbase pulled support for the bill the day before the Senate was due to debate the draft law. And experts told DL News that market players are set to “expand their wish lists” for changes to the bill, a move that will “just create more friction.” Armstrong was speaking in response to allegations that the White House was “furious” with Coinbase's Show less Read more
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