Coinbase CEO Backs CLARITY Act as Senate Markup Nears Thursday
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Coinbase CEO Brian Armstrong said the CLARITY Act is in its strongest position ahead of the Senate Banking Committee markup Thursday, marking a shift from Coinbase's opposition to an earlier draft in January. He thanked Senate staff and 3.7 million Stand With Crypto supporters and said concerns over DeFi, tokenized equities and CFTC authority were improved in the latest draft, which could boost regulatory clarity and adoption for crypto and DeFi.
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- Brian Armstrong said the CLARITY Act is in its strongest position before Thursday’s markup.
- Armstrong thanked Senate staff and 3.7 million Stand With Crypto advocates for supporting the bill.
- Armstrong said DeFi, tokenized equities, and CFTC authority concerns have improved in the latest draft.
Coinbase CEO Brian Armstrong said the CLARITY Act is “closer than ever” as lawmakers prepare for a Senate Banking Committee markup on Thursday. His latest remarks mark a clear shift from January, when Coinbase opposed an earlier draft over stablecoin rewards and other market structure concerns.
Armstrong said the bill is now stronger, more bipartisan, and ready for markup after months of talks between lawmakers, banks, crypto firms, and Senate staff. He also thanked the Senate, its staff, and 3.7 million Stand With Crypto advocates for helping move the legislation forw…
Read The Full Article Coinbase CEO Backs CLARITY Act as Senate Markup Nears Thursday On Coin Edition.
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