TLDR Charles Hoskinson accused Coinbase of delaying progress on the Clarity Act in the United States. He said Coinbase prioritizes stablecoin yield programs overTLDR Charles Hoskinson accused Coinbase of delaying progress on the Clarity Act in the United States. He said Coinbase prioritizes stablecoin yield programs over

Cardano Founder Claims Coinbase Is Blocking Clarity Act

2026/04/01 19:36
3 min read
For feedback or concerns regarding this content, please contact us at [email protected]

TLDR

  • Charles Hoskinson accused Coinbase of delaying progress on the Clarity Act in the United States.
  • He said Coinbase prioritizes stablecoin yield programs over broader regulatory clarity for digital assets.
  • The Senate version of the Clarity Act includes restrictions on passive stablecoin yield payments.
  • Coinbase has raised concerns about DeFi reporting rules and limits on tokenized equity instruments.
  • Stablecoin revenue tied to USDC generated about $1.35 billion for Coinbase in 2025.

Cardano founder Charles Hoskinson accused Coinbase of obstructing progress on the Clarity Act in the United States. He said the exchange prioritizes stablecoin yield revenue over broader regulatory clarity. His remarks surfaced as Senate committees continue reviewing amendments to the bill.

Coinbase and Clarity Act Dispute Centers on Stablecoin Yields

Hoskinson made the comments during a recent Meme & Markets podcast appearance. He stated that Coinbase focuses on protecting stablecoin reward programs. He argued that the company places less emphasis on defining token classifications under federal law.

He claimed the exchange seeks to preserve returns tied to stablecoin balances. Therefore, he alleged that Coinbase is stalling the Clarity Act to safeguard yield revenue.

The House of Representatives passed the Clarity Act in July 2025. Lawmakers aimed to clarify whether digital assets fall under SEC or CFTC oversight. However, the Senate later introduced revisions through the Banking Committee.

Senate lawmakers added restrictions on stablecoin yield programs. They also proposed expanded reporting requirements for decentralized finance platforms. These provisions sparked objections from several crypto companies, including Coinbase.

Negotiators later reached a compromise supported by lawmakers and the White House. The agreement effectively bans passive yield payments on stablecoin balances. This approach reflects concerns raised by banking sector representatives.

Coinbase has opposed the Senate version of the bill. The company cited concerns about surveillance of DeFi activity. It also objected to limits on tokenized equity instruments and stablecoin rewards.

Stablecoin Revenue and Senate Timeline

Stablecoins represent a core revenue stream for Coinbase. The exchange maintains close ties with the USDC ecosystem. It earns income from reserves that back USDC circulation.

Reports estimate that Coinbase earned about $1.35 billion from USDC-related revenue in 2025. This figure underscores the financial role of stablecoin programs. Any yield restriction could affect this revenue base.

Hoskinson argued that financial exposure shapes Coinbase’s policy stance. He suggested that yield programs drive the company’s resistance. He framed the dispute as revenue protection rather than a regulatory principle.

Meanwhile, the Clarity Act advanced through a markup hearing in the Senate Agriculture Committee in January. The Senate Banking Committee postponed its earlier session. It now plans to resume markup discussions later this month.

JPMorgan has expressed confidence in the bill’s trajectory. The bank stated that it expects lawmakers to pass the Clarity Act before year-end. Senate committees continue reviewing amendments as deliberations move forward.

The post Cardano Founder Claims Coinbase Is Blocking Clarity Act appeared first on CoinCentral.

Market Opportunity
The AI Prophecy Logo
The AI Prophecy Price(ACT)
$0.01203
$0.01203$0.01203
+0.92%
USD
The AI Prophecy (ACT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity