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Coinbase has backtracked on its support for the Clarity Act due to unfavorable amendments.
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Ripple Labs and Coin Center have openly supported the crypto bill ahead of the markup.
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The Clarity Act has attracted significant attention from the traditional banking sector due to the rising crypto influence in global finance.
Several crypto leaders have openly disagreed on the amendments listed in the Clarity Act. Ahead of the planned markup on Thursday, January 15, 2026, Coinbase Global Inc. (NASDAQ: COIN) has stated that it cannot support the bill with its amendments.
However, Ripple Labs and Coin Center have openly expressed support for the Clarity Act ahead of the markup reading.
Crypto Leaders Differ on Fundamental Issues Presented by the Clarity Act
Less than 24 hours to the scheduled Senate markup for the Clarity Act, Coinbase CEO Brian Armstrong stated that the exchange cannot support the bill. Armstrong stated that the bill has too many issues, which are not favorable to crypto development in the United States.
“We appreciate all the hard work by members of the Senate to reach a bipartisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully, we can all get to a better draft,” Armstrong stated.
Meanwhile, Armstrong added that the company will continue to fight for favorable crypto regulations in the United States. Moreover, reports have emerged that the banking sector has made significant influence on the Clarity Act in order to preserve its market share.
Meanwhile, Ripple Labs CEO Brad Garlinghouse stated that the Clarity Act is a success for the crypto industry. Garlinghouse stated that any issues present in the bill will be resolved during the markup process.
A similar stance was issued by Peter Van Valkenburgh, an Executive Director at Coin Center. According to Valkenburgh the market structure draft is favorable to software developers, non-custodial platforms, and decentralized tools, thus a success for the crypto industry.