Coinbase CEO Brian Armstrong is advocating for the Digital Asset Market Clarity Act of 2025, known as the CLARITY Act, as Congress moves toward a Senate floor vote scheduled for September 15, 2026. The bill passed the House in July 2025 and cleared the Senate Banking Committee earlier in 2026 after spending more than a year moving through Congress. It would divide oversight of digital-asset markets between the SEC (U.S. securities regulator) and the CFTC (U.S. derivatives regulator), while establishing market-structure rules for exchanges and issuers. Its consumer-protection provisions are intended to reduce the risk of another FTX-style collapse, while bank-friendly measures would expand traditional financial institutions’ ability to participate in stablecoins and digital-asset services. Armstrong called the legislation a “true compromise” between industry growth and practical safeguards. He cited polling showing that 70% of Americans favor clearer digital-asset rules and predicted the bill would receive more than 60 Senate votes, exceeding the 60-vote filibuster threshold. Repeated postponements, parallel regulatory rulemaking and disagreements over agency jurisdiction have complicated the bill’s path. Supporters argue that clear federal rules could reduce the offshoring of crypto companies and talent to jurisdictions such as the European Union under MiCA and Singapore. If passed with the margin Armstrong expects, the legislation would be the most significant crypto-specific law in U.S. history; another delay would leave the regulatory vacuum and SEC-CFTC jurisdictional conflict unresolved.