Brian Armstrong, CEO of Coinbase, one of the largest cryptocurrency exchanges in the U.S., expects digital asset regulatory frameworks to be established soon. He believes the ‘Clarity Act,’ set for a Senate vote on the 15th, is likely to pass. However, even if it fails, he argues that regulatory clarity could still be achieved through subsequent rule-making by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
CNBC reported on the 10th that Armstrong, appearing on ‘Squawk Box Asia,’ expressed optimism about the Clarity Act’s passage in the Senate, stating, “Everyone I’ve spoken to agrees with the bill.”
“Honestly, even if the bill doesn’t pass, we could still see a good outcome,” Armstrong said. “The SEC and CFTC have indicated they are ready to announce their rule-making, so we will get regulatory clarity one way or another on the 15th, or a day or two after.”
▲ The ‘Clarity Act’ defines oversight boundaries for SEC and CFTC
The Clarity Act aims to establish a federal regulatory framework for the U.S. digital asset market.
Its core purpose is to more clearly delineate the oversight powers of the SEC and CFTC over virtual assets. Coinbase has been a vocal supporter of this bill.
The bill was introduced in May 2025 and passed the House of Representatives in July last year. A Senate vote is scheduled for the 15th.
However, securing the 60 votes needed for Senate passage is a key challenge. Negotiations are currently underway, particularly concerning ethics provisions.
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