Coinbase CEO says he is ready to resume talks on crypto bill

Coinbase CEO Brian Armstrong said in an interview with CNBC that he is ready to return to discussions on the crypto market structure bill (CLARITY). Coinbase had previously withdrawn its support for the proposed legislation, citing several concerns. These included what it described as a de facto ban on tokenized stocks, provisions that could block DeFi and allow unrestricted access to financial information, a structure that would weaken the authority of the Commodity Futures Trading Commission (CFTC) by making it subordinate to the SEC, and the potential to block reward functions for stablecoins.