White House–Coinbase yawa fit threaten Clarity Act over dispute about stablecoin yield

Public standoff between White House and Coinbase dey put di bipartisan Clarity Act for risk — dis law wey suppose clear US crypto rules on stablecoins, tokenized assets and yield-bearing products. Coinbase commot im support, tok say provisions wey dey expand regulator access, boost SEC power and treat stablecoin yields like bank interest too restrictive. Di administration yan say dem fit withdraw support unless Coinbase agree to an "interest income" framework wey go address community banks worry say stablecoin yields fit siphon deposits. Coinbase CEO Brian Armstrong talk say negotiations dey continue and deny breakdown, but talks with banks and White House don delay committee action. Di impasse raise short-term regulatory risk for US crypto markets, fit push DeFi and tokenized-asset projects offshore, and fit benefit traditional banks. Traders suppose monitor developments for Clarity Act, any revised stablecoin-yield language, statements from Coinbase, White House and Senate Banking leaders, and market moves in exchange-listed crypto firms and major tokens wey tie to US regulatory sentiment.