Coinbase CEO expects regulatory clarity regardless of CLARITY Act outcome

Coinbase CEO Brian Armstrong stated that the U.S. crypto industry will achieve regulatory clarity regardless of the upcoming Senate procedural vote on the CLARITY Act (US digital-asset market-structure bill). Armstrong noted that if the bill fails, the SEC and CFTC are expected to introduce their own regulatory frameworks. While major concerns from Coinbase have been addressed, disagreements persist regarding digital asset ownership by elected officials and concerns from banking associations over stablecoin competition.