Regulation· ★★★· bearish·

Saxo: Coinbase is the hardest hit by CLARITY Act failure

  • Saxo: Coinbase faces more risk from the CLARITY Act failure than competitors
  • The reason is the direct dependence of its trading business on U.S. market structure rules
  • The Danish bank's analyst did not provide specific financial estimates of losses
Why it matters: The assessment indicates that the U.S. regulatory pause hits the largest public exchange harder than the rest of the market.
Source: Cointelegraph