Senate Judiciary challenges DeFi exemptions in U.S. crypto bill as Coinbase exits over CLARITY Act issues

The U.S. Senate Judiciary Committee, led by Chuck Grassley and Dick Durbin, has urged Senate Banking leaders to reject DeFi developer exemptions in the broader crypto market structure bill that includes the CLARITY Act and BRCA. Lawmakers warned the changes could weaken key criminal code tools used by the Department of Justice, while the bill also faces setbacks after Coinbase withdrew support over issues such as a ban on stablecoin rewards.