Stablecoin Bill Gains Steam, Coinbase Stock Tanks
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Coinbases top exec dismisses banks fears of stablecoins causing deposit runs, citing lack of evidence. The crypto market structure bill gains momentum, with a potential markup hearing in the Senate Banking Committee. Stablecoin yield fight leads to compromise language, increasing chances of the Clarity Act passing. Regulatory drama causes Coinbase stock to plummet, impacting markets and digital asset laws.
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