Coinbase vs. Ripple: CLARITY Act exposes crypto divide

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The US crypto market structure bill, the CLARITY Act, is creating unexpected splits in the industry. Coinbase withdrew support after Senate amendments expanded SEC authority, restricted stablecoin rewards, and imposed stricter DeFi oversight.

Ripple, in contrast, has publicly backed the bill, seeing regulatory clarity as beneficial for its enterprise-focused model. The divergence highlights how the same legislation can create winners and losers depending on a company’s strategy.

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decentralized finance getting hit while enterprise payments smile… classic industry irony