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Coinbase, Robinhood, and others spent $8 million trying to support the CLARITY Act, according to a report.

RulesRead the original at Benzinga
Neutral

Coinbase spent about $2.2 million supporting the bill, but it failed a key Senate vote. The report does not explain what the bill would change for Coinbase, so it does not show a clear change to the company’s business outlook.

COIN · Coinbase Global Inc.

AI read · Neutral

The AI's read

The vote leaves Coinbase without a new law from this effort. The report does not explain what the bill would change for Coinbase, so it does not show a clear change to the company’s business outlook.

HOOD · Robinhood Markets Inc.

AI read · Neutral

The connection

Robinhood spent about $860,000 supporting the bill, but it failed a key Senate vote. The report does not explain what the bill would change for Robinhood, so it does not show a clear change to the company’s business outlook.

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