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 and others negotiate ethics provisions regarding digital asset holdings, which Armstrong says are 'very close to a solution.'
- JPMorgan CEO Jamie Dimon criticized Coinbase, arguing the exchange seeks regulatory advantages through the legislation. Armstrong rejected these claims, accusing critics of 'talking their own book.'
- Armstrong told CNBC on Thursday that if the bill fails, he expects the SEC and CFTC to 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 like Base and USDC, while maintaining a bullish long-term Bitcoin outlook, recently reiterating that a price of $400,000 by 2030 remains 'a reasonable target.
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Coinbase CEO says clearer U.S. crypto rules are coming — with or without Senate approval
Coinbase CEO Brian Armstrong said Thursday that a long-awaited U.S. framework for digital assets is close at hand, whether or not the Senate approves the Clarity Act next week. According to a report from CNBC, Armstrong told “Squawk Box Asia” that senators he has spoken with are prepared to back the bill and that the […]
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
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