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CLARITY ACT COMPROMISE TEXT RELEASED, BANKING MARKUP CLEARED The U.S. Senate released long-negotiated compromise text for the CLARITY Act on Friday, hashed out by Senators Senator Thom Tillis and Senator Angela Alsobrooks , ending months of stalemate over stablecoin yield programs. The deal bans pure reserve-yield products that look...

33,060 просмотров • 3 месяцев назад •via X (Twitter)

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🚨 Coinbase CEO Dumps $550m Of Stock Onto The Market As The Centralized Exchange Faces Potential Solvency Issues, With Customer Funds At Risk Coinbase has been desperately opposing the Clarity Act but why? Because it could get insolvent👇 The CLARITY Act targets stablecoin yield programs, cutting off one of Coinbase’s biggest revenue streams by restricting how platforms earn from customer deposits and interest, and forcing a shift toward fully regulated, lower-margin models. • White House crypto adviser stated crypto is “threatening to community banks, G-SIBs, and larger banks.” • Treasury Secretary Bessent called opponents of the CLARITY Act “recalcitrant actors.” • Coinbase reported a large quarterly loss: •EPS: -$2.49 vs $0.96 expected •Net loss: ~$667M • Coinbase CEO Dumps $550m Of Stock just a few months before these results came out. • Coinbase Support acknowledged users were unable to buy, sell, or transfer temporarily. • Coinbase is now charging $137 in fees for converting $5000 USDT to USD, while in the advanced trades it takes 2 cents. • Jeffrey Epstein has invested $3M into Coinbase (2014) at a ~$400M valuation, who saw Ripple as “an enemy.” The exchange could potentially face a “bank run” if issues escalate and funds on Coinbase would be at risk. This is exactly the reason why David Schwartz recently said that XRPL is the most decentralized ledger and helps people become their “own bank” by eliminating middlemen like banks and centralized exchanges.

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87,617 просмотров • 6 месяцев назад