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Armstrong backs Thune's September CLARITY push after Senate misses vote

Armstrong backs Thune's September CLARITY push after Senate misses vote

Coinbase's CEO said stablecoins, tokenized assets and perpetual futures are advancing as Senate leaders aim for a September vote on a bill whose stablecoin-reward rules could affect Coinbase's USDC business.

USDC

Fact Check
The CoinNess report (a supplied link) directly confirms Peirce's optimism about the CLARITY Act passing and her statement that the SEC can still advance crypto regulatory reform regardless of Congress — the two core assertions of the claim. The Paul Hastings crypto-policy tracker corroborates that Peirce was actively addressing crypto rulemaking and that congressional passage was uncertain during this window. Multiple independent outlets quote Peirce saying 'I'm still optimistic it will get done this summer.' The evidence is consistent and aligns with the claim; the only limitation is that the strongest wording comes from secondary crypto-news outlets rather than a directly located SEC transcript.
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Summary

Coinbase CEO Brian Armstrong said crypto adoption continues to broaden despite the Senate delaying a vote on the CLARITY Act until September, citing rising stablecoin use, developing markets for tokenized real-world assets and broader access to perpetual futures. The bill would split oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission and set federal rules for exchanges and other intermediaries, but Republicans still need at least seven Democrats to clear the Senate's 60-vote threshold as disputes persist over ethics, illicit-finance safeguards, consumer protection and stablecoin rewards. Those reward provisions are especially important for Coinbase's USDC business, while recent moves by BlackRock and the Depository Trust and Clearing Corporation on tokenized money-market products and market infrastructure have reinforced Armstrong's argument that digital-asset adoption is advancing ahead of legislation.

Terms & Concepts
  • CLARITY Act: Proposed U.S. legislation that would create a federal framework for digital asset markets and divide oversight between the SEC and the CFTC.
  • tokenized real-world assets: Traditional assets represented digitally on blockchain-based systems so they can be traded, transferred or used in financial operations.
  • perpetual futures: Derivative contracts that track an asset's price without a fixed expiration date.