Coinbase CEO says CLARITY delay will not slow crypto adoption

Coinbase CEO Brian Armstrong said crypto adoption will continue through stablecoins, tokenization and expanding digital asset markets despite the Senate delaying the CLARITY Act. Summary Armstrong said crypto momentum continues regardless of the congressional timetable. Senate leaders postponed the CLARITY Act vote until September after negotiations failed to produce an agreement. Stablecoin rewards, political ethics and illicit finance safeguards remain central points of dispute. Coinbase shares closed Friday at $153.60, gaining about 5.7% during the session. Armstrong points to adoption beyond Congress Armstrong described the Senate’s failure to advance the CLARITY Act before its August recess as disappointing but argued that the delay had not stopped companies and consumers from adopting digital assets. In an Aug. 7 post on X, the Coinbase executive pointed to increased stablecoin use, developing markets for tokenized real-world assets and broader access to perpetual futures. He also said regulators were already providing companies with greater clarity in some areas. “The momentum behind this technology keeps growing with or without a congressional calendar,” Armstrong said. The...