Coinbase moves to boost community bank stablecoin capabilities ahead of Clarity vote

Coinbase is partnering with financial services provider Moov to increase access to stablecoin capabilities such as acceptance, settlement and real-time funding for community banks and credit unions ahead of a key vote on crypto legislation in the U.S. Senate next week.

The partnership, shared exclusively with CNBC, comes just days before a crucial preliminary vote on the Senate floor to advance the Clarity Act . The bill, which has languished in Senate limbo for months , would set up a first-of-its-kind regulatory framework for cryptocurrencies and other types of digital assets.