Coinbase faces greater fallout from CLARITY Act setback, Saxo strategist says

Source Summary

A strategist at Danish bank Saxo Bank stated that Coinbase faces greater consequences from the CLARITY Act setback compared to other cryptocurrency firms. The strategist noted that Coinbase's trading business is directly exposed to US market-structure rules, making it more vulnerable to regulatory changes.

Why it matters

Coinbase's direct exposure to US market-structure rules means regulatory setbacks like the CLARITY Act have a more immediate impact on its core trading operations than on competitors.

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• Cointelegraph ↗