Scaramucci Defends Armstrong as CLARITY Act Fails in Senate - Coinbase Global (NASDAQ:COIN)

SkyBridge Capital founder Anthony Scaramucci is defending Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong after the CLARITY Act, a long-awaited crypto regulatory bill, failed to advance in the Senate this week.

In a late-night post on X, Scaramucci wrote: “No one worked harder to advance the Clarity Act than @brian_armstrong.” He called the bill’s collapse “typical Washington nonsense,” arguing that partisan rancor, not policy failure, sank a compromise bill he said “helped all Americans.”

He added that the ensuing “blame game” was “total nonsense.”

A bill years in the making stalls again

Scaramucci’s remarks followed the latest setback for the Digital Asset Market CLARITY Act, which would create the first federal framework dividing crypto oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The bill passed the House 294-134 in July 2025 but has repeatedly stalled in the Senate, where it needs 60 votes to overcome a filibuster amid disputes over ethics provisions and stablecoin yield rules.

That backdrop set the stage for Scaramucci’s defense of Armstrong, who separately pushed back against reporting he said unfairly singled him out.