Coinbase CEO Brian Armstrong Urges Action After CLARITY Act Stalls

The US Senate failed to advance the Digital Asset Market Clarity Act (CLARITY Act) after falling short of the required 60 votes. Coinbase CEO Brian Armstrong stated that the industry cannot wait for Congress and expects the SEC and CFTC to establish clear rules independently. Ripple CEO Brad Garlinghouse expressed disappointment, blaming political dynamics for the failure while remaining optimistic about future regulatory progress under SEC Chair Atkins and CFTC Chair Selig.