
Armstrong plans discussions with bank leaders at Davos on the CLARITY Act and stablecoin competition, aiming to engage policymakers and seek collaborative policy outcomes.
A planned Senate committee vote on the CLARITY Act was canceled after Coinbase CEO Brian Armstrong opposed its provisions, citing risks to Coinbase’s products and excessive SEC authority. On Jan. 20, Armstrong stated he will discuss the CLARITY Act with bank executives at the World Economic Forum in Davos to bridge gaps and pursue win-win outcomes. He aims to promote stablecoins for fair competition and share the results of these discussions with the U.S. Senate and government. Disputes over stablecoin interest and DeFi oversight remain key obstacles to consensus.