Letitia James leads bipartisan coalition of 17 attorneys general against Clarity Act ahead of Senate vote

Coinbase shares rose 6% following a Compass Point upgrade before the Senate CLARITY Act vote, while Strategy increased 3% and MARA declined. Simultaneously, Letitia James is leading a bipartisan coalition of 17 attorneys general opposing the CLARITY Act. This group expresses concerns that the legislation represents federal overreach, which could potentially undermine existing state-level consumer protection efforts. The market reaction remains mixed as political opposition grows ahead of the critical legislative vote in the Senate.