There’s finally some clarity on the Clarity Act, a piece of legislation expected to pave the way for crypto’s mainstreaming. The head of legal affairs at Coinbase expects the Clarity Act to pass by summer’s end, now that banks and crypto companies have reached a compromise regarding stablecoin rewards. Coinbase walked away from the act in January, when CEO Brian Armstrong wrote on X that no bill is better than a bad bill. He argued that banks were trying to shut down competition from crypto competitors by banning them from offering customers rewards for holding stablecoins on their platforms. Banks said that the ... (full story)