Coinbase raises concerns over EU revised crypto AML bill
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Cryptocurrency exchange Coinbase published a blog post on Monday, raising concerns over new legislation that is set to vote on in the European Parliament this week. The revised bill, called the…
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Show AI SummaryLawmakers updated stablecoin and DeFi provisions in the Crypto Clarity ActThe Senate Banking Committee scheduled a markup vote on the Digital Asset Market Clarity ActThe revised draft aims to clarify digital assets as securities or commodities The Senate Banking Committee has scheduled a markup vote on the Digital…
Key Highlights White House may withdraw support for the CLARITY Act after Coinbase abruptly pulled its backing ahead of the markup session. Coinbase cited concerns over DeFi restrictions, privacy risks, and limits on CFTC authority in the draft crypto bill. Lawmakers remain divided, leaving the bill’s timeline uncertain despite optimism…
Key Highlights Ryan VanGrack says the CLARITY Act is needed to create federal crypto rules, whether people support or oppose crypto. The bill faced another delay as Senate lawmakers continue negotiating its remaining provisions. Supporters say clear rules could strengthen consumer protection and encourage crypto businesses to operate in the…