CLARITY Act Stalls in Senate; Coinbase Faces Regulatory Risks

The CLARITY Act failed to reach the 60-vote threshold required in the U.S. Senate, significantly reducing its chances of passing this year. Saxo Bank analysts identified Coinbase (COIN) as being at the highest risk due to its direct exposure to U.S. market structure rules, leading to a 5-10% decline in shares for Coinbase, Circle, and MicroStrategy (Strategy). Meanwhile, Standard Chartered projects Arbitrum (ARB) could reach $10 by 2030, citing its revenue-sharing model. Additionally, Bitmine reported $334 million in annual staking revenue from 5 million ETH, while Phemex CEO Federico Variola warned that AI poses a net negative for the crypto industry by facilitating protocol exploits.