Brian Armstrong (CEO of Coinbase) publicly supported the Clarity Act on April 10 after having opposed it in January. His initial rejection delayed the Senate Banking Committee's markup of the bill, which aims to provide regulatory clarity for stablecoins. Following negotiations between Senators Thom Tillis (Republican from South Carolina) and Angela Alsobrooks (Democrat from Maryland), a compromise was reached that allows activity-based rewards while banning passive yield. A report from the White House Council of Economic Advisers indicated that a full ban on passive yield would cost consumers approximately $800 million in lost returns annually, undermining the banking industry's main argument against the bill. Armstrong's change of heart aligns with Coinbase's recent conditional approval from the Office of the Comptroller of the Currency (OCC) to charter the Coinbase National Trust Company, providing a federally regulated path for the exchange. This endorsement comes amid a coordinated push from Treasury Secretary Scott Bessent and SEC Chair Paul Atkins, emphasizing the urgency of passing the legislation before the Senate's midterm elections in November.