
MrLightspeed.base.eth
9.8K posts

MrLightspeed.base.eth
@Mr_Lightspeed
Retired Lt. Colonel | Disabled Vet turned Base & Zora Creator Military mindset meets onchain economy | Lightspeed Alpha & Zora drops








🚨 POLITICS: COINBASE REJECTS LATEST SENATE STABLECOIN YIELD COMPROMISE @coinbase has told Senate offices it cannot support the newest CLARITY Act language on stablecoin yields, throwing another wrench into the crypto industry's top legislative priority. The exchange voiced concerns during a Monday meeting over the latest compromise text drafted by Senators Tillis and Alsobrooks, which bans passive stablecoin yield while allowing activity-based rewards. The new "economic equivalence" standard is broader than prior drafts. The resistance is reportedly less severe than CEO Brian Armstrong's January opposition that single-handedly derailed the bill's markup. Talks are continuing, but without Coinbase's backing the legislation faces a difficult path. Senator Moreno has warned the bill stalls indefinitely if it doesn't pass by May.




Lawd, good thing someone is looking over this. Having your boss overrule your decisions (a few times) is not a good look.

@dvorahfr We will pause moving forward with this until further consideration












