Is the CLARITY Act Protecting Banks? Coinbase’s Exit Reignites Debate

Coinbase’s decision to withdraw support for the US CLARITY Act has reignited tensions across the crypto industry. The bill, originally positioned as a long-awaited framework to bring regulatory clarity to digital assets, is now at the center of a deeper debate around competition, power, and whose interests US crypto regulation truly serves. While Coinbase says its concerns are rooted in consumer protection, critics argue the move reflects growing unease over shifting market dynamics.