According to reports, as a key Senate committee prepares for review, Coinbase is reconsidering its support for the (CLARITY Act), with its stance depending on the final wording of the bill regarding user rewards (such as staking yields). The exchange derives significant revenue from its partnership with stablecoin issuer Circle and is therefore concerned that restrictive regulations on such rewards could impact its business model. The bill aims to clarify the regulatory responsibilities of the (CFTC) and the SEC and establish new digital asset entities.