Coinbase Slides Ahead of Clarity Act Vote; Waystar Up on Sale Exploration
Shares of Coinbase (COIN) and other crypto-related assets fell ahead of the Senate's vote on the CLARITY Act, a proposed regulation for digital assets. The bill requires at least six Democratic votes to pass amid disagreements over ethical rules, anti-money laundering requirements, and stablecoin yields. With only a few working days left before Congress recesses in November, market participants are skeptical about its chances of passing. Meanwhile, Waystar (WAY), a software provider serving healthcare institutions, saw an increase in share price after Reuters reported the company is exploring options including a potential sale or going private just two years after its public listing. Evercore is reportedly advising on this process, though it remains at an early stage.
Topics: CLARITY Act Coinbase crypto regulation Dave & Buster's Waystar