Coinbase CEO Brian Armstrong said most banks support the Digital Asset Market Clarity Act, despite public opposition from banking trade groups. Armstrong first made that distinction at the World Liberty Forum in February 2026 and said Coinbase is supporting crypto infrastructure development for five of the world’s largest banks. The Senate Banking Committee advanced the bill by a bipartisan 15-9 vote in May 2026 after negotiations over stablecoin rewards and market-structure rules. The legislation would divide digital-asset oversight between the SEC and CFTC and lay groundwork for stablecoin regulations under the related GENIUS Act. Armstrong has indicated the bill could reach a vote by September 15, though JPMorgan CEO Jamie Dimon said banks "will not accept it that way."