Democrats added certain consumer protection rules to CLARITY: Coinbase exec
Senate lawmakers are nearing a vote on the CLARITY Act, a major crypto market structure bill, while closed-door negotiations continue over customer protections and ethics rules. Coinbase vice chair Ryan VanGrack said Democrats strengthened the bill by adding tougher consumer safeguards, but he did not confirm progress on ethics provisions that many Democrats want before supporting it. Coinbase had earlier complicated momentum when CEO Brian Armstrong said the company could not back the bill as written, though other executives now support it. The bill has Trump’s backing, but Democrats remain concerned about his financial ties to crypto, including earnings tied to memecoins and related ventures. No final text or floor vote had been announced.
