Coinbase CEO Rebuts WSJ Report on CLARITY Act Stance

Coinbase CEO Brian Armstrong responded to an upcoming Wall Street Journal report that blames him and Coinbase for the failure of the CLARITY Act (US digital-asset market-structure bill). Armstrong clarified that he opposed the initial draft in January due to significant flaws regarding DeFi, tokenization, CFTC authority, and stablecoin rewards. He noted that these issues were addressed over four months of collaboration, leading to his strong support for the final version that passed committee review. Armstrong criticized the WSJ for allegedly echoing bank lobbying interests.