Coinbase CEO Brian Armstrong said the crypto industry should gain regulatory clarity whether the Senate passes the Digital Asset Market Clarity Act on Sept. 15 or the Securities and Exchange Commission and CFTC (U.S. derivatives regulator) proceed with rulemaking shortly afterward. The bill would divide oversight between the SEC (U.S. securities regulator) for tokens deemed securities and the CFTC for decentralized commodities such as bitcoin, while establishing federal rules for crypto exchanges, brokers and stablecoins (cryptocurrencies designed to maintain stable values). Armstrong said bipartisan negotiations had resolved Coinbase's must-have issues and that law enforcement groups, banks and crypto companies support the legislation. Ethics rules for elected officials holding digital assets remain under negotiation, including a Democratic request for divestiture. Armstrong also rejected criticism from JPMorgan CEO Jamie Dimon over stablecoin provisions and identified agentic finance as a potentially large emerging market, although still at an early stage.