Coinbase-Backed Crypto Group Warns of Midterms Payback After Clarity Act Fails

The Coinbase-backed Stand With Crypto will add senators’ votes to its scorecards as it rallies crypto voters ahead of November’s elections.

• The Coinbase-backed Stand With Crypto group is warning of electoral consequences after the Senate failed to pass the Clarity Act, which aimed to establish federal rules for digital assets.
• The group plans to use senators' votes on the bill to inform their 'lawmaker scorecards' and mobilize crypto voters ahead of the November midterms.
• The failure to advance the bill highlights ongoing disagreements regarding oversight between the SEC and CFTC, and includes concerns from banking groups about stablecoin rewards.

Topics: Legal regulatory, Political endorsements opposition, Blockchain usage, Securities law classification, Pro innovation policy, Legislative debates, Stablecoins digital cash

Tags: #clarityact #standwithcrypto #coinbase #senate #midterms #digitalassets #stablecoins #sec #cftc #cryptovoters

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