Coinbase CEO Brian Armstrong backs the CLARITY Act ahead of a September 15 Senate vote, citing resolved concerns and bipartisan support for clearer US crypto regulation.
Regulation & Gov ·
Coinbase CEO Brian Armstrong has expressed support for the CLARITY Act, which faces a Senate vote on September 15. Armstrong stated that prior concerns raised by Coinbase regarding the bill have been resolved and characterized the measure as having bipartisan backing. He framed the legislation as capable of establishing a clearer regulatory framework for US crypto markets and facilitating institutional investment flows into the sector.
Armstrong tied regulatory clarity to broader crypto adoption, linking it to a potential Bitcoin price target of $400,000 by 2030. He also offered a market perspective, suggesting that the current market downturn may represent a bottom. The CEO noted that even absent a Senate passage, he anticipates the SEC and CFTC will deliver rulemaking that produces regulatory clarity for the industry.
What remains uncertain is whether the Senate vote will pass and whether Armstrong's prior concerns will prove substantive enough to justify his current backing once the bill is implemented—or whether alternative regulatory pathways through agency rulemaking might achieve comparable outcomes independent of legislative action.