Coinbase Teams Up with Moov Ahead of Crucial Crypto Vote

Coinbase has partnered with financial services provider Moov to increase access to stablecoin capabilities for community banks and credit unions ahead of a key vote in the U.S. Senate next week.

The partnership comes just days before a crucial preliminary vote on the Senate floor to advance the Clarity Act, which would set up a first-of-its-kind regulatory framework for cryptocurrencies.

Under the agreement, Coinbase will provide digital asset infrastructure while Moov will connect that infrastructure to its payment systems used by financial institutions and their customers.