Coinbase Backs Proposed Bill to Clarify U.S. Crypto Regulations

Coinbase has publicly endorsed the CLARITY Act, a proposed U.S. bill aimed at providing regulatory clarity for digital assets.

The exchange stated that the United States is currently winning the global crypto race and that the CLARITY Act would help the country cross the finish line.

The bill aims to define which digital assets are securities and which are commodities, a question that has plagued the industry for years.