Brian Armstrong Puts 19% Stablecoin Revenue Before Clarity Act
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Brian Armstrong twice withdrew Coinbase's support for the Clarity Act, blocking stablecoin yield provisions and forcing the Senate to postpone its January 2026 markup; the bill had passed the House 294–134 and attracted backing from a16z, Ripple, the White House and Trump. Stablecoins accounted for 19% of Coinbase revenue ($355M in one quarter), creating a clear profit motive to oppose yield limits; the outcome increases regulatory uncertainty for crypto, highlights tensions between CEX incentives and DeFi/stablecoin policy.
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- Brian Armstrong has twice pulled Coinbase’s support for the Clarity Act.
- Stablecoins accounted for 19% of Coinbase’s revenue, totaling $355 million in a single quarter.
- The Clarity Act stalls in the Senate amid fractured industry support, delaying U.S. crypto regulation.
Coinbase CEO Brian Armstrong blocked key stablecoin yield provisions in the Clarity Act, forcing the Senate to postpone its January 2026 markup. Despite House approval 294 134 and broad support from a16z, Ripple, the White House, and Trump, his move exposed deep industry tensions.
Stablecoins drive 19% of Coinbase’s revenue, earning 355 million in a single quarter, and Armstrong fought yield restrictions to protect profits, leaving U.S. crypto regulation in limbo.
Armstrong Twice Pulls Coinbase Support For The Clarity Act
In January 2026, Brian Armstrong publicly withdrew the exchange’…
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