Coinbase CEO Says U.S. Crypto Regulation Will Advance Regardless of Clarity Act Vote

Coinbase CEO Brian Armstrong has stated that the U.S. cryptocurrency industry is positioned to gain clearer regulatory rules in the coming days whether or not the Senate advances the Clarity Act.

Speaking in a CNBC interview, Armstrong expressed confidence that regulatory clarity will arrive around the bill’s scheduled procedural vote on September 15, either through legislation or through independent action by federal agencies.

The legislation has drawn support from crypto companies, certain banks, and law-enforcement groups after earlier negotiations resolved several industry concerns.

Armstrong described the bill as ready for approval, noting that senators he has spoken with are largely on board. A key remaining point of discussion involves ethics rules for government officials who hold digital assets.

The September 15 vote is a cloture motion that requires 60 votes to advance, meaning several Democratic senators would need to join Republicans.

Even if the measure falls short, Armstrong said the outcome would still be favorable. He pointed to indications that the SEC and CFTC are prepared to move forward with their own rulemaking. “If it passes, great, we’ve got legislation,” he said.