Crypto industry split over CLARITY Act after Coinbase breaks ranks

Crypto executives are divided over the market structure bill in its current form, with some arguing it needs major work, while others appear more supportive.

A division appears to be forming among crypto industry executives regarding the market structure bill, with crypto giants such as Coinbase pulling support, but others stating that any regulation is better than none.

“Crypto builders need clear rules of the road,” said Chris Dixon, managing partner at a16z Crypto on Thursday.

He added that over the past five years, Republicans, Democrats, and the Trump Administration “have worked closely with members across the crypto industry to protect decentralization, support developers, and give entrepreneurs a fair shot … at its core, this bill does that.”

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