Coinbase CEO: Compromise on CLARITY Act

Coinbase CEO Brian Armstrong stunned the crypto world by admitting a major compromise on the CLARITY Act, directly stating that the industry met the asks of the bank lobby and the Senate to push the crypto market structure bill forward. Armstrong declared readiness to support a markup later this week, signaling a pivotal shift in crypto regulation negotiations amid ongoing pressures from traditional finance giants. This development echoes the heated debates over the past six months, where Bitcoin (BTC) volatility highlighted the need for clearer rules, potentially impacting crypto market crash risks and future Bitcoin price prediction models. Insiders view this as crypto bending to banks' demands, a move that could stabilize exchanges like Coinbase but raises questions about industry autonomy in the evolving regulatory landscape.