Coinbase faces CLARITY Act backlash as Citron targets stablecoin yield moat
Citron says Brian Armstrong quit backing the CLARITY Act to shield Coinbase’s stablecoin yields, as DC, Ripple, and tokenization firms race to rewrite the bill. Summary Citron alleges Armstrong withdrew Coinbase’s support for the CLARITY Act to protect its stablecoin yield business from regulated tokenization rival Securitize. Armstrong warns the bill could ban tokenized equities,…