Futures
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One platform for global traditional assets
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Introduction to Futures Trading
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CandyDrop
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Crypto界网消息,Coinbase Chief Legal Officer Paul Grewal posted on X platform stating that some current proposals regarding the CLARITY Act are unreasonable. Banks claim they need to prevent the so-called deposit outflow risk, but there is no evidence to support this risk. The real situation might be “transferring stablecoins from retail consumers’ pockets to the largest banks in the world.” Patrick Witt, Executive Director of the U.S. President’s Advisory Council on Digital Assets, also voiced that the CLARITY Act must maintain its legislative stance supporting innovation. Attempts to “hijack the legislative process” and turn the bill into an anti-competition law are “shameful.” The relevant legislation should continue to promote innovation in the digital asset industry rather than restrict market competition.