Coinbase Threatens to Pull CLARITY Act Support Over Stablecoin Yield

Stablecoins became the central thread as Coinbase warned it could withdraw support for the CLARITY Act if lawmakers try to restrict stablecoin rewards beyond simple disclosure. The conversation framed this as a key US policy fight, with banking lobbyists pushing amendments that would block issuers from passing yield back to stablecoin holders. From there it zoomed out into incentives and market structure, including how reserve yield and credit dynamics shape who wins if stablecoins keep expanding as a 2026 meta. A quick check on the “privacy coin ban in Dubai” headlines landed as mostly noise, with Monero ripping and Zcash not doing what the doom headlines imply.

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