Coinbase CEO denies WSJ claims on CLARITY Act failure, backs final version
- —Armstrong said the WSJ is preparing an article blaming Coinbase for the CLARITY Act's failure
- —In January he opposed the draft over risks to DeFi, tokenization and stablecoins
- —According to him, the issues were resolved over roughly four months of revisions
- —Armstrong accused the WSJ of echoing the banking lobby's position
Why it matters: The public clash between the largest U.S. exchange and the media and banking lobby reflects the battle over crypto regulation rules after the CLARITY Act's failure.
Source: PANews