CLARITY Act Vote May Not Decide Fate of US Crypto Rules: Coinbase CEO
Brian Armstrong said the bill could clear the Senate with broad backing, but unresolved ethics terms may still leave crypto oversight unsettled.
- Coinbase CEO Brian Armstrong expects the Digital Asset Market Clarity Act to face a procedural Senate vote on Sept 15, aimed at dividing crypto oversight between the SEC and Commodity Futures Trading Commission.
- Securing the required 60 votes remains a challenge as Democratic Senator Ruben Gallego of Arizona negotiates ethics provisions regarding digital asset holdings, with Armstrong saying they appear "very close to a solution."
- JPMorgan CEO Jamie Dimon criticized Coinbase, arguing the exchange seeks regulatory advantages through the legislation. Armstrong rejected the claim, accusing critics of "talking their own book."
- Armstrong told CNBC on Thursday that if the bill fails, the SEC and CFTC will proceed with rulemaking, providing regulatory clarity "one way or another on the 15th or the day or two after."
- Outside the legislative debate, Armstrong continues pushing agentic finance infrastructure through Base and USDC, while maintaining that a Bitcoin price of $400,000 by 2030 remains "a reasonable target.
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Coinbase CEO Brian Armstrong says the Clarity Act, a bill to create a regulatory framework for digital assets in the United States, is likely to pass the Senate, which will vote on September 15. Even if the legislation fails, the industry can still expect a clearer regulatory environment soon, CNBC reported.
CLARITY Act vote may not decide fate of US crypto rules: Coinbase CEO
Coinbase CEO Brian Armstrong has said the U.S. crypto industry could get clearer federal rules regardless of whether the CLARITY Act clears its key Senate test on Sept. 15. CNBC reported Wednesday that Armstrong expects either Congress or federal regulators…
Crypto wins regardless of Clarity Act vote, Coinbase's Armstrong says
Brian Armstrong argues that Washington will give legal clarity to the digital asset market even if the Senate blocks the law: the SEC and the CFTC prepare an alternative regulatory path.
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