Ripple backs CLARITY Act as Coinbase withdraws after Senate amendments

Beincrypto reports the US market-structure bill known as the CLARITY Act has exposed a split in the crypto industry: Coinbase withdrew support after recent Senate amendments, while Ripple has publicly backed the bill and urged lawmakers to move forward.

The CLARITY Act aims to draw clearer lines between the SEC and the CFTC and the Senate rewrite expands SEC influence, adds token disclosure requirements, tightens stablecoin rules and brings parts of DeFi closer to bank-style compliance, reshaping incentives for major crypto firms.

Coinbase says the Senate draft weakens the CFTC’s role, expands SEC discretion, and restricts stablecoin rewards — a key part of its consumer model — and warned language on tokenized equities and DeFi could raise regulatory risk. Ripple, by contrast, has shifted toward institutional infrastructure, regulated payment rails and compliance-first expansion, and its RLUSD stablecoin emphasizes settlement and payments rather than consumer yield, making the Senate approach more compatible with its strategy.

Whether the bill passes or stalls remains uncertain, but the split highlights that ‘‘regulatory clarity’’ can advantage different firms depending on their business models and that clearer rules do not produce the same winners for everyone.