Senate CLARITY act draft narrows stablecoin rewards as coinbase weighs support

As the Senate’s unfinished crypto market-structure effort moves toward a near-term committee markup, a revised CLARITY Act draft is being framed around a key compromise: allowing certain activity-based stablecoin rewards while limiting rewards paid simply for holding tokens. In parallel, reporting suggests Coinbase is weighing whether to keep backing the bill if the final approach to stablecoin incentives conflicts with its interests—setting up a late-stage pressure point as lawmakers finalize language.