Coinbase is contemplating withdrawing its support for the CLARITY Act due to a proposed ban on stablecoin rewards. This development comes as the cryptocurrency exchange evaluates the implications of the legislation on its business model and the broader crypto ecosystem. In other news, a significant whale investor has taken a long position on Zcash (ZEC), holding over $250 million in assets. The address has reportedly achieved a total profit of $14.69 million. Meanwhile, the Real World Asset (RWA) market cap, excluding stablecoins, has surpassed $20 billion, marking a new record high. Additionally, Bitcoin and Ethereum spot ETFs saw substantial net outflows last week, with Bitcoin ETFs experiencing a $681 million outflow, led by FBTC's $481 million. Ethereum ETFs recorded a $68.57 million outflow, with Grayscale's ETHE leading at $145 million.
Coinbase Considers Withdrawing Support for CLARITY Act Over Stablecoin Rewards Ban
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