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Coinbase’s sudden decision to withdraw support for the CLARITY Act shocked Washington and even the cryptocurrency markets. This led to the cancellation of an increase in the margin of the Senate Banking Council, and raised fears that the reform of the structure of the US cryptocurrency market may stall once again.
However, if the immediate reaction seemed to be political chaos, the response that followed tells a more complex story.
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The CLARITY Act enters a critical negotiation phase after Coinbase withdraws
Instead of collapsing, the bill appears to have entered a tense but deliberate pause, one that lawmakers, industry leaders and even the White House insist is part of the final stretch, not the end of the road.
Senate Banking Committee Chairman Tim Scott moved quickly to recast the delay as constructive.
He said Scott: “I’ve spoken with leaders in the cryptocurrency industry, the financial sector, and my Democratic and Republican colleagues, and everyone at the table continues to act in good faith.”
According to Tim Scott, the goal remains to provide “clear rules to protect consumers, strengthen national security, and ensure that the future of finance is built in the United States.”
Senator Cynthia Lummis confirmed, One of the main architects of the projectthe letter, he acknowledged the frustration but rejected the idea that Coinbase’s move sabotaged the effort.
In the industry, he revealed The position of Coinbase A clear division, but did not lose momentum. The CEO of Ripple, Brad Garlinghouse, highlighted the efforts of the Senate as an important step forward to provide workable frameworks for the cryptocurrency industry.
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Acknowledging that “clarity trumps chaos,” the Ripple executive remains optimistic that issues can be resolved during the ramp-up.
Meanwhile, a16z’s Chris Dixon took the same tone, Where he discussed Although the draft law is incomplete, it is time to push the law of clarity forward. This comes at a time when the United States is trying to strengthen its position in the global digital currency market.
CEO of Kraken Arjun City went further, framing the moment as a test of political resolve rather than a legislative failure.
“It’s easy to declare failure. It’s easy to give up when the process becomes difficult.” He said Sethi, warning that abandoning the bill “will be stuck in uncertainty and will leave American companies operating under ambiguity. Meanwhile, the rest of the world is moving forward.”
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Boost Galaxy Digital CEO Mike Novogratz shares this opinion. Meanwhile, the White House has also weighed in, highlighting the risks.
Urgency in the White House meets frustration in the Senate as the Clarity Act debate rages
He said Cryptocurrency and AI Czar David Sachs The approval of market structure legislation is “closer than it has ever been”. In doing so, he urges the sector to use this break to resolve disputes, establish clear rules of the road, and ensure the future of the industry.
But behind the scenes, frustration is a real concern. A Senate source cited by Decrypt’s Sander Lutz said members of the Banking Committee were “very upset” about Coinbase’s last-minute announcement.
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“The feeling is that it should not be like this,” He said Lutz, citing the anonymous source.
This frustration probably contributed to the management’s decision to forgo profit, as journalist Eleanor Teret confirmed. Inform BeInCrypto once a new appointment is scheduled.
However, the wider debate is already beginning to change. Critics like Echo X You see The fault line is no longer between cryptocurrencies and banks. Rather, it is a clash of business models between exchange-dominated platforms and infrastructure-first systems that can transcend any single company.
As Europe, the United Kingdom and​​​​​​​​Asia continue to roll out common currency frameworks, pressure is mounting on American lawmakers to finish what they started.
For now, the Clarity Act is on hiatus, not buried. The coming weeks will determine whether this fragile consensus becomes law — or breaks down under competing incentives. What is clear is that the withdrawal now carries its own price: continued uncertainty at home, while clarity in the regulations accelerates elsewhere.
