Coinbase Backs 32 Midterm Candidates, Supports CLARITY Act

Coinbase's move matters less as an endorsement list than as a signal that a major exchange is willing to spend political capital on legislative outcomes rather than waiting them out. The CLARITY Act is the real prize: a market-structure bill would resolve the compliance ambiguity that has shaped US listings, tokens and exchange operations for years. The open question is whether this advocacy translates into votes, and whether a bill that satisfies Coinbase also satisfies the regulators and lawmakers who would need to pass it.