Coinbase CEO to meet with Republican senators on the eve of the vote on the Clarity Act.

According to Mars Finance, on May 12th, sources revealed that Coinbase CEO Brian Armstrong plans to meet with Republican senators the following day, just before a crucial vote on the Cryptocurrency Market Structure Act (CLARITY Act). Armstrong previously stated in an interview that there are disagreements regarding the stablecoin interest-bearing provisions and regulatory jurisdiction within the CLARITY Act, but a "win-win" solution is currently being sought. On May 14th, the Senate Banking Committee will review the CLARITY Act, a long-standing legislation pushed by the crypto industry, which aims to establish a clearer regulatory framework for the US digital asset market. Its core is not merely a "positive development for the crypto industry," but rather an attempt by the US to reinstate long-standing regulatory controversies through the congressional legislative process.