Crypto industry split signals deeper strategic shifts
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The CLARITY Act debate shows that “regulatory clarity” isn’t uniform across crypto firms. Coinbase, reliant on retail trading and stablecoin rewards, sees the Senate draft as a threat. Ripple, focused on enterprise partnerships and regulated payment infrastructure, views the same rules as advantageous.
Stablecoin and DeFi provisions create a regulatory moat that favors firms already operating within compliance frameworks. The split signals that the future of crypto regulation will not just be crypto vs. regulators—but crypto vs. crypto.