Coinbase CEO Brian Armstrong said a bipartisan U.S. Congress vote on the CLARITY Act scheduled for September 15 could help trigger an "Uptober" and the next major cryptocurrency rally. The term refers to traders’ description of historically strong October performance for crypto. His comments followed Bitcoin’s roughly 7% rebound in early trading on August 19. The CLARITY Act, whose name stands for "Clear Legislation for Assets and Regulatory Integrity for Tokens and Yield," is intended to establish a comprehensive U.S. framework for digital assets and clarify whether cryptocurrencies are securities or commodities. The bill has bipartisan support, but remains pending and could change before passage. Market sentiment has also been supported by proposed crypto-specific rules from the SEC (U.S. securities regulator), expanded U.S. Treasury bond purchases that have increased broader market liquidity, and comments from former President Donald Trump about potentially buying multiple cryptocurrencies. The SEC proposals remain in a comment period. Regulatory progress could encourage institutional participation and support demand, but investors still face uncertainty, volatility and the risk that the market’s long-term direction will depend on the bill’s final provisions and subsequent enforcement.