2026-01-17 22:36:57

A major crypto trading platform has withdrawn its support for the CLARITY Act, triggering fresh tensions between the tech sector and the White House over stablecoin yield restrictions. The move comes as Senate vote timelines have been pushed back, leaving the bill in limbo ahead of the 2026 midterm elections.

The dispute reveals a fundamental split in the financial sector. Traditional banks worry that loosening stablecoin yield caps could trigger significant deposit outflows, destabilizing their business models. Cryptocurrency firms, meanwhile, are pushing hard for regulatory flexibility—arguing that overly restrictive rules stifle innovation and competitiveness in digital asset markets.

Market watchers have been monitoring the situation closely, with the platform's stock hovering near the $150 level as investors assess the political and regulatory fallout. The stalled legislation signals how contentious stablecoin policy remains, caught between competing interests from Wall Street and the crypto industry. Whether this deadlock persists through the election cycle could reshape how digital currencies operate in U.S. markets.

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MevHunter

· 3h ago

Here we go again. What are the old banks afraid of? As soon as stablecoin yields are released, they start to tremble. Honestly, they're just afraid we'll be the ones bleeding them dry.

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AlwaysAnon

· 3h ago

Here we go again? Banks are terrified, afraid that we make money. Big platforms withdrawing support—this move is really clever, just a political game. Regulation is always stuck there, just waiting. Can this $150 position hold? Feels like there will be volatility. Traditional finance vs. crypto, an eternal battle—no matter who wins, the trend won't change.

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BlockchainArchaeologist

· 3h ago

Here we go again, traditional finance and crypto are still fighting each other, and the CLARITY Act was directly cut.

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OnchainGossiper

· 3h ago

It's the same old story... Banks fear losing deposits, the crypto world wants freedom, and politicians are caught in the middle. The CLARITY Act is directly dead in the water. Big platforms are also starting to change their tune, aiming to pass the buck to 2026. Deposits may run, but who cares? In the end, it's still the job of the leek cutters. What's there to argue about with the small returns from stablecoins? The real drama is in regulation. Wall Street and the crypto world are fighting, and retail investors always end up paying the price. Nothing can be moved before the election; this pace is just incredible.

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