Coinbase CEO Backs CLARITY Act to Secure ‘Yes’ Vote on September 15

Even without a Senate victory, Armstrong expects SEC and CFTC rulemaking to deliver a regulatory framework for the crypto industry. Coinbase CEO Brian Armstrong has backed the CLARITY Act once again ahead of its September 15 Senate vote. He argued that the bill could give US crypto markets a clearer framework and help bring institutional capital and tokenized assets into the country. Armstrong Lays Out His Case for a Yes Vote Speaking on CNBC’s Squawk Box Asia on September 10, Armstrong described the CLARITY Act as “ready to get a yes vote” and told viewers that people he had spoken with in the Senate were on board. “Law enforcement groups are now on board. Many banks are on board. The crypto companies are on board,” he said, while also pointing to hundreds of pages of input from both Republicans and Democrats. The Coinbase chief also noted that his company had previously raised concerns about the bill but now believes the issues it considered non-negotiable changes have been sorted. “All of those must-have issues that we raised our hands on last time have now been resolved,” he said. As CryptoPotato reported in August, Senate Majority Leader John Thune filed cloture before the law...