Coinbase CEO Urges Regulatory Action as CLARITY Act Stalls

Following the stall of the CLARITY Act, Coinbase CEO Brian Armstrong stated that the industry can no longer wait solely for Congressional action. He argued that the SEC and CFTC already possess the tools to establish clear rules within their existing authority and expects them to begin setting standards. Armstrong also suggested that concessions made during CLARITY negotiations may no longer be necessary, noting that the GENIUS stablecoin bill offers more flexible incentive structures.